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

StockNews.com downgraded shares of FTI Consulting (NYSE:FCN) from a buy rating to a hold rating in a research note published on Friday.

Separately, Truist Financial lifted their target price on shares of FTI Consulting from $255.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, September 25th.

FTI Consulting Stock Performance

FCN stock opened at $199.09 on Friday. FTI Consulting has a twelve month low of $185.93 and a twelve month high of $243.60. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.03. The firm has a market cap of $7.11 billion, a price-to-earnings ratio of 23.14 and a beta of 0.10. The business’s fifty day simple moving average is $223.66 and its two-hundred day simple moving average is $219.23.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings results on Thursday, October 24th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.21). FTI Consulting had a return on equity of 16.34% and a net margin of 8.90%. The business had revenue of $926.00 million for the quarter, compared to analyst estimates of $946.16 million. During the same period in the prior year, the company posted $2.34 EPS. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. Analysts predict that FTI Consulting will post 8.48 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. UMB Bank n.a. raised its holdings in FTI Consulting by 76.6% in the third quarter. UMB Bank n.a. now owns 166 shares of the business services provider’s stock valued at $38,000 after buying an additional 72 shares during the period. Signaturefd LLC increased its holdings in FTI Consulting by 65.9% in the second quarter. Signaturefd LLC now owns 204 shares of the business services provider’s stock valued at $44,000 after buying an additional 81 shares during the last quarter. Covestor Ltd increased its holdings in shares of FTI Consulting by 76.4% in the 1st quarter. Covestor Ltd now owns 217 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 94 shares during the last quarter. Versant Capital Management Inc lifted its stake in FTI Consulting by 593.8% during the second quarter. Versant Capital Management Inc now owns 222 shares of the business services provider’s stock worth $48,000 after purchasing an additional 190 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. boosted its holdings in FTI Consulting by 284.1% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 242 shares of the business services provider’s stock worth $52,000 after purchasing an additional 179 shares during the period. Institutional investors and hedge funds own 99.36% of the company’s stock.

FTI Consulting Company Profile

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