FTI Consulting (NYSE: FCN) Downgraded to Hold at StockNews.com


FTI Consulting (NYSE: FCN – Get Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

A number of other analysts have also recently weighed in on FCN. Truist Financial increased their target price on shares of FTI Consulting from $ 165.00 to $ 200.00 in a report on Tuesday, January 11th. Zacks Investment Research raised shares of FTI Consulting from a “sell” rating to a “hold” rating and set a $ 170.00 target price on the stock in a report on Wednesday, April 27th.

Shares of NYSE: FCN opened at $ 165.79 on Friday. The stock has a market capitalization of 5.71 billion, a price-to-earnings ratio of 25.66 and a beta of 0.43. FTI Consulting has a 1-year low of 131.50 and a 1-year high of $ 170.31. The company’s fifty day moving average is $ 156.59 and its two-hundred day moving average is $ 150.65. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.40 and a current ratio of 2.40.

FTI Consulting (NYSE: FCN – Get Rating) last issued its earnings results on Thursday, April 28th. The business services provider reported $ 1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $ 1.33 by $ 0.33. The company had revenue of $ 723.62 million for the quarter, compared to analysts’ expectations of $ 702.83 million. FTI Consulting had a net margin of 8.17% and a return on equity of 14.88%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company earned $ 1.89 earnings per share. Sell-side analysts expect that FTI Consulting will post 6.87 EPS for the current fiscal year.

In related news, Director Vernon James Ellis sold 1,000 shares of the stock in a transaction dated Wednesday, March 2nd. The shares were sold at an average price of $ 146.71, for a total value of $ 146,710.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Curtis P. Lu sold 4,238 shares of the stock in a transaction dated Thursday, March 10th. The shares were sold at an average price of $ 145.48, for a total transaction of 616,544.24. The disclosure for this sale can be found here. 3.32% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC grew its position in FTI Consulting by 7.9% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 968 shares of the business services provider’s stock valued at $ 152,000 after buying an additional 71 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in shares of FTI Consulting by 1.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 4,040 shares of the business services provider’s stock valued at 20 620,000 after purchasing an additional 72 shares in the last quarter. Eaton Vance Management boosted its position in shares of FTI Consulting by 0.4% during the 4th quarter. Eaton Vance Management now owns 18,908 shares of the business services provider’s stock valued at $ 2,785,000 after purchasing an additional 75 shares in the last quarter. Toronto Dominion Bank boosted its position in shares of FTI Consulting by 4.0% during the 4th quarter. Toronto Dominion Bank now owns 2,087 shares of the business services provider’s stock valued at $ 320,000 after purchasing an additional 80 shares in the last quarter. Finally, Mutual of America Capital Management LLC boosted its position in shares of FTI Consulting by 0.3% during the 3rd quarter. Mutual of America Capital Management LLC now owns 30,224 shares of the business services provider’s stock valued at $ 4,071,000 after purchasing an additional 86 shares in the last quarter.

About FTI Consulting (Get Rating)

FTI Consulting, Inc. provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company operates through five segments: Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications.

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