FTI Consulting (NYSE:FCN) Lowered to “Hold” Rating by StockNews.com

FTI Consulting (NYSE:FCN) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Friday.

Several other equities research analysts also recently commented on FCN. Truist Financial reduced their target price on shares of FTI Consulting from $275.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday. The Goldman Sachs Group reduced their price target on shares of FTI Consulting from $194.00 to $173.00 and set a “neutral” rating on the stock in a research report on Friday.

FTI Consulting Stock Up 0.9 %

FCN traded up $1.52 during trading on Friday, reaching $164.51. 797,670 shares of the company’s stock were exchanged, compared to its average volume of 239,626. The business has a 50 day moving average price of $192.00 and a 200 day moving average price of $206.78. FTI Consulting has a fifty-two week low of $161.24 and a fifty-two week high of $243.60. The company has a market capitalization of $5.91 billion, a P/E ratio of 18.91 and a beta of 0.15.

FTI Consulting (NYSE:FCN) last posted its earnings results on Thursday, February 20th. The business services provider reported $1.56 EPS for the quarter, missing the consensus estimate of $1.73 by ($0.17). FTI Consulting had a return on equity of 14.79% and a net margin of 8.37%. The company had revenue of $894.92 million for the quarter, compared to the consensus estimate of $913.70 million. As a group, research analysts forecast that FTI Consulting will post 8.1 EPS for the current year.

Hedge Funds Weigh In On FTI Consulting

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Prospera Private Wealth LLC acquired a new stake in shares of FTI Consulting in the third quarter valued at $34,000. Wilmington Savings Fund Society FSB bought a new stake in FTI Consulting during the 3rd quarter worth about $35,000. GeoWealth Management LLC increased its position in FTI Consulting by 46.0% in the 4th quarter. GeoWealth Management LLC now owns 181 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 57 shares in the last quarter. Quarry LP increased its position in FTI Consulting by 337.8% in the 3rd quarter. Quarry LP now owns 162 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 125 shares in the last quarter. Finally, True Wealth Design LLC bought a new position in shares of FTI Consulting in the third quarter worth about $38,000. 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.