FTI Consulting (NYSE:FCN) Downgraded to Hold Rating by Truist Financial

Truist Financial downgraded shares of FTI Consulting (NYSE:FCN) from a buy rating to a hold rating in a research report sent to investors on Wednesday, Marketbeat reports. The firm currently has $178.00 price objective on the business services provider’s stock, down from their previous price objective of $225.00.

FCN has been the topic of a number of other research reports. StockNews.com raised FTI Consulting from a “hold” rating to a “buy” rating in a research report on Thursday, March 20th. The Goldman Sachs Group decreased their target price on FTI Consulting from $194.00 to $173.00 and set a “neutral” rating on the stock in a report on Friday, February 21st.

FTI Consulting Stock Down 1.6 %

NYSE:FCN opened at $161.45 on Wednesday. FTI Consulting has a twelve month low of $157.52 and a twelve month high of $243.60. The firm has a market capitalization of $5.80 billion, a price-to-earnings ratio of 20.70 and a beta of 0.14. The stock’s 50 day moving average price is $175.74 and its two-hundred day moving average price is $195.43.

FTI Consulting (NYSE:FCN) last issued its earnings results on Thursday, February 20th. The business services provider reported $1.56 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.17). FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. The firm had revenue of $894.92 million for the quarter, compared to analyst estimates of $913.70 million. As a group, analysts anticipate that FTI Consulting will post 8.55 earnings per share for the current year.

Institutional Investors Weigh In On FTI Consulting

Institutional investors have recently made changes to their positions in the company. Pacer Advisors Inc. increased its stake in shares of FTI Consulting by 9,995.1% during the fourth quarter. Pacer Advisors Inc. now owns 518,687 shares of the business services provider’s stock worth $99,137,000 after purchasing an additional 513,549 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in shares of FTI Consulting by 86.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,018,868 shares of the business services provider’s stock worth $194,737,000 after buying an additional 472,245 shares in the last quarter. Black Creek Investment Management Inc. boosted its position in shares of FTI Consulting by 166.1% in the fourth quarter. Black Creek Investment Management Inc. now owns 652,980 shares of the business services provider’s stock valued at $124,804,000 after acquiring an additional 407,631 shares during the period. Mawer Investment Management Ltd. grew its stake in shares of FTI Consulting by 3.8% in the fourth quarter. Mawer Investment Management Ltd. now owns 4,065,609 shares of the business services provider’s stock valued at $777,060,000 after acquiring an additional 149,276 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in FTI Consulting during the fourth quarter worth about $27,726,000. 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.