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

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

A number of other research analysts also recently weighed in on the company. William Blair reissued an outperform rating on shares of FTI Consulting in a research note on Tuesday, June 25th. StockNews.com raised 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 FCN opened at $225.30 on Wednesday. The stock’s fifty day simple moving average is $223.01 and its 200-day simple moving average is $217.04. The firm has a market capitalization of $8.04 billion, a PE ratio of 26.20 and a beta of 0.10. FTI Consulting has a 12-month low of $177.00 and a 12-month high of $243.60. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.03.

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, beating analysts’ consensus estimates of $2.02 by $0.32. FTI Consulting had a net margin of 8.90% and a return on equity of 16.34%. The company had revenue of $949.16 million for the quarter, compared to the consensus estimate of $938.67 million. During the same period in the prior year, the company posted $1.75 EPS. The company’s revenue was up 9.8% compared to the same quarter last year. As a group, research analysts predict that FTI Consulting will post 8.48 earnings per share for the current year.

Insider Activity at FTI Consulting

In other FTI Consulting news, Director Mark S. Bartlett sold 2,000 shares of the stock in a transaction on Friday, July 26th. The shares were sold at an average price of $227.12, for a total value of $454,240.00. Following the sale, the director now directly owns 26,099 shares in the company, valued at $5,927,604.88. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 2.51% of the company’s stock.

Institutional Investors Weigh In On FTI Consulting

Large investors have recently modified their holdings of the business. US Bancorp DE grew its position in shares of FTI Consulting by 9.3% in the 4th quarter. US Bancorp DE now owns 10,549 shares of the business services provider’s stock valued at $2,101,000 after purchasing an additional 897 shares during the period. Hsbc Holdings PLC lifted its stake in FTI Consulting by 470.8% in the fourth quarter. Hsbc Holdings PLC now owns 7,141 shares of the business services provider’s stock valued at $1,432,000 after buying an additional 5,890 shares in the last quarter. TD Asset Management Inc boosted its holdings in shares of FTI Consulting by 7.7% in the fourth quarter. TD Asset Management Inc now owns 8,400 shares of the business services provider’s stock valued at $1,673,000 after buying an additional 600 shares during the period. Stifel Financial Corp increased its position in shares of FTI Consulting by 5.5% during the fourth quarter. Stifel Financial Corp now owns 63,827 shares of the business services provider’s stock worth $12,711,000 after acquiring an additional 3,343 shares in the last quarter. Finally, Olympiad Research LP acquired a new stake in shares of FTI Consulting during the fourth quarter worth $230,000. 99.36% of the stock is currently owned by institutional investors.

FTI Consulting Company Profile

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.