FTI Consulting (NYSE:FCN) Downgraded by StockNews.com

StockNews.com downgraded shares of FTI Consulting (NYSE:FCN) from a buy rating to a hold rating in a report issued on Friday morning.

Separately, Truist Financial boosted their price objective on FTI Consulting from $240.00 to $255.00 and gave the stock a buy rating in a research note on Friday, February 23rd.

FTI Consulting Stock Performance

Shares of NYSE:FCN opened at $211.43 on Friday. The business’s fifty day moving average price is $207.20 and its two-hundred day moving average price is $205.27. FTI Consulting has a fifty-two week low of $167.39 and a fifty-two week high of $232.15. The stock has a market capitalization of $7.54 billion, a price-to-earnings ratio of 24.58 and a beta of 0.11. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.46 and a quick ratio of 1.74.

FTI Consulting (NYSE:FCN) last posted its quarterly earnings data on Thursday, April 25th. The business services provider reported $2.23 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.47. The company had revenue of $928.60 million for the quarter, compared to analyst estimates of $901.77 million. FTI Consulting had a return on equity of 15.97% and a net margin of 8.51%. The business’s revenue was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.34 earnings per share. As a group, analysts predict that FTI Consulting will post 8.15 EPS for the current fiscal year.

Insider Activity

In other news, Director Brenda J. Bacon purchased 1,120 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were acquired at an average price of $222.96 per share, with a total value of $249,715.20. Following the completion of the purchase, the director now directly owns 15,292 shares of the company’s stock, valued at approximately $3,409,504.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Brenda J. Bacon purchased 1,120 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were acquired at an average price of $222.96 per share, with a total value of $249,715.20. Following the completion of the purchase, the director now directly owns 15,292 shares of the company’s stock, valued at approximately $3,409,504.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Claudio Costamagna sold 7,059 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $209.13, for a total value of $1,476,248.67. Following the transaction, the director now directly owns 32,860 shares in the company, valued at approximately $6,872,011.80. The disclosure for this sale can be found here. Insiders have sold 36,715 shares of company stock valued at $7,617,513 over the last 90 days. 3.34% of the stock is owned by company insiders.

Hedge Funds Weigh In On FTI Consulting

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in FTI Consulting by 4.7% in the fourth quarter. Vanguard Group Inc. now owns 3,535,586 shares of the business services provider’s stock valued at $704,112,000 after buying an additional 157,206 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its stake in FTI Consulting by 1.3% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,455,529 shares of the business services provider’s stock valued at $616,501,000 after buying an additional 44,819 shares during the period. Victory Capital Management Inc. lifted its stake in FTI Consulting by 9.2% in the fourth quarter. Victory Capital Management Inc. now owns 1,989,993 shares of the business services provider’s stock valued at $396,307,000 after buying an additional 168,100 shares during the period. Morgan Stanley lifted its stake in FTI Consulting by 1.2% in the third quarter. Morgan Stanley now owns 1,452,226 shares of the business services provider’s stock valued at $259,092,000 after buying an additional 17,731 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in FTI Consulting by 26.8% in the third quarter. Ameriprise Financial Inc. now owns 606,786 shares of the business services provider’s stock valued at $108,257,000 after buying an additional 128,095 shares during the period. Institutional investors and hedge funds own 99.36% of the company’s stock.

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.