Truist Financial Increases FTI Consulting (NYSE:FCN) Price Target to $275.00

FTI Consulting (NYSE:FCN) had its price objective raised by Truist Financial from $255.00 to $275.00 in a research report report published on Wednesday, Benzinga reports. The firm currently has a buy rating on the business services provider’s stock.

Several other research firms have also recently weighed in on FCN. William Blair reissued an outperform rating on shares of FTI Consulting in a research note on Tuesday, June 25th. StockNews.com upgraded shares of FTI Consulting from a hold rating to a buy rating in a research note on Thursday, July 25th.

FTI Consulting Trading Down 0.9 %

Shares of NYSE:FCN opened at $225.30 on Wednesday. The stock has a market capitalization of $8.04 billion, a PE ratio of 26.20 and a beta of 0.10. The company’s 50-day moving average price is $223.01 and its two-hundred day moving average price is $217.04. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.20 and a quick ratio of 2.20. FTI Consulting has a one year low of $177.00 and a one year high of $243.60.

FTI Consulting (NYSE:FCN) last released its earnings results on Thursday, July 25th. The business services provider reported $2.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.32. The business had revenue of $949.16 million for the quarter, compared to analyst estimates of $938.67 million. FTI Consulting had a return on equity of 16.34% and a net margin of 8.90%. FTI Consulting’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.75 earnings per share. On average, equities analysts forecast that FTI Consulting will post 8.48 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Mark S. Bartlett sold 2,000 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $227.12, for a total value of $454,240.00. Following the sale, the director now owns 26,099 shares in the company, valued at approximately $5,927,604.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.51% of the company’s stock.

Institutional Trading of FTI Consulting

Hedge funds and other institutional investors have recently modified their holdings of the stock. Signaturefd LLC lifted its position in FTI Consulting by 65.9% during the second quarter. Signaturefd LLC now owns 204 shares of the business services provider’s stock worth $44,000 after acquiring an additional 81 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in shares of FTI Consulting by 494.6% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 220 shares of the business services provider’s stock worth $46,000 after purchasing an additional 183 shares during the period. Covestor Ltd increased its stake in shares of FTI Consulting by 76.4% during the first quarter. Covestor Ltd now owns 217 shares of the business services provider’s stock worth $46,000 after purchasing an additional 94 shares during the period. Versant Capital Management Inc lifted its holdings in FTI Consulting by 593.8% during the 2nd 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 stake in FTI Consulting by 284.1% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 242 shares of the business services provider’s stock valued at $52,000 after purchasing an additional 179 shares during the period. Institutional investors 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.