FTI Consulting (NYSE:FCN) Trading Down 2.5% – Here’s Why

FTI Consulting, Inc. (NYSE:FCN) traded down 2.5% during mid-day trading on Wednesday . The company traded as low as $190.90 and last traded at $192.01. 34,223 shares were traded during trading, a decline of 77% from the average session volume of 151,041 shares. The stock had previously closed at $197.01.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FCN. Truist Financial upped their price target on shares of FTI Consulting from $255.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. StockNews.com raised FTI Consulting from a “hold” rating to a “buy” rating in a research report on Saturday, November 2nd.

FTI Consulting Stock Down 1.7 %

The stock has a fifty day moving average price of $197.25 and a two-hundred day moving average price of $212.33. The company has a market cap of $6.84 billion, a price-to-earnings ratio of 21.89 and a beta of 0.14.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings data on Thursday, October 24th. The business services provider reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($0.21). FTI Consulting had a return on equity of 14.79% and a net margin of 8.37%. The business had revenue of $926.00 million during the quarter, compared to analyst estimates of $946.16 million. During the same quarter last year, the firm earned $2.34 EPS. FTI Consulting’s revenue for the quarter was up 3.7% compared to the same quarter last year. Analysts predict that FTI Consulting, Inc. will post 8.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FCN. Sei Investments Co. increased its holdings in shares of FTI Consulting by 4.3% during the second quarter. Sei Investments Co. now owns 110,336 shares of the business services provider’s stock worth $23,782,000 after buying an additional 4,516 shares in the last quarter. Raymond James & Associates increased its holdings in FTI Consulting by 3.6% in the 3rd quarter. Raymond James & Associates now owns 143,305 shares of the business services provider’s stock worth $32,610,000 after purchasing an additional 5,044 shares in the last quarter. Mawer Investment Management Ltd. raised its position in FTI Consulting by 3.2% in the third quarter. Mawer Investment Management Ltd. now owns 3,916,333 shares of the business services provider’s stock valued at $891,201,000 after purchasing an additional 123,177 shares during the last quarter. Montanaro Asset Management Ltd boosted its stake in shares of FTI Consulting by 11.1% during the third quarter. Montanaro Asset Management Ltd now owns 30,000 shares of the business services provider’s stock valued at $6,827,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of FTI Consulting during the third quarter worth about $798,000. 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.