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

FTI Consulting (NYSE:FCN) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Thursday.

Separately, Truist Financial boosted their price objective on shares of FTI Consulting from $240.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, February 23rd.

FTI Consulting Price Performance

FCN stock opened at $211.25 on Thursday. The firm has a market cap of $7.51 billion, a PE ratio of 27.40 and a beta of 0.11. FTI Consulting has a 12 month low of $167.39 and a 12 month high of $232.15. The firm has a 50 day simple moving average of $205.35 and a 200 day simple moving average of $204.49.

FTI Consulting (NYSE:FCN) last announced its earnings results on Thursday, February 22nd. The business services provider reported $2.28 EPS for the quarter, topping the consensus estimate of $1.57 by $0.71. FTI Consulting had a net margin of 7.88% and a return on equity of 14.94%. The company had revenue of $924.68 million during the quarter, compared to analysts’ expectations of $840.40 million. During the same period last year, the company posted $1.52 earnings per share. The business’s revenue for the quarter was up 19.4% on a year-over-year basis. As a group, sell-side analysts expect that FTI Consulting will post 8.15 earnings per share for the current year.

Insider Transactions at FTI Consulting

In related news, Director Brenda J. Bacon bought 1,120 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were bought at an average cost of $222.96 per share, for a total transaction of $249,715.20. Following the completion of the acquisition, the director now directly owns 15,292 shares in the company, valued at $3,409,504.32. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In related news, General Counsel Curtis P. Lu sold 2,656 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $217.08, for a total value of $576,564.48. Following the transaction, the general counsel now directly owns 29,190 shares in the company, valued at approximately $6,336,565.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brenda J. Bacon bought 1,120 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were purchased at an average cost of $222.96 per share, with a total value of $249,715.20. Following the transaction, the director now owns 15,292 shares in the company, valued at $3,409,504.32. The disclosure for this purchase can be found here. Insiders have sold a total of 36,715 shares of company stock worth $7,617,513 in the last 90 days. 3.34% of the stock is owned by insiders.

Institutional Trading of FTI Consulting

A number of hedge funds have recently bought and sold shares of the stock. Arlington Trust Co LLC bought a new position in FTI Consulting during the third quarter worth about $28,000. Ancora Advisors LLC acquired a new stake in shares of FTI Consulting during the first quarter worth approximately $32,000. Fifth Third Bancorp raised its stake in shares of FTI Consulting by 37.1% in the third quarter. Fifth Third Bancorp now owns 218 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 59 shares during the last quarter. Ronald Blue Trust Inc. boosted its holdings in shares of FTI Consulting by 533.3% in the 3rd quarter. Ronald Blue Trust Inc. now owns 209 shares of the business services provider’s stock worth $40,000 after acquiring an additional 176 shares in the last quarter. Finally, Tompkins Financial Corp bought a new stake in FTI Consulting during the 4th quarter worth approximately $40,000. 99.36% of the stock is owned by institutional investors.

About FTI Consulting

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.