FTI Consulting (NYSE:FCN) Price Target Raised to $200.00

FTI Consulting (NYSE:FCN) had its price objective hoisted by Truist Securities from $165.00 to $200.00 in a research report released on Tuesday, Stock Target Advisor reports.

Separately, Truist raised their price objective on FTI Consulting from $165.00 to $200.00 in a research report on Tuesday.

NYSE:FCN opened at $151.30 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.96 and a current ratio of 1.96. The company has a market cap of $5.19 billion, a PE ratio of 21.19 and a beta of 0.39. FTI Consulting has a 52-week low of $105.07 and a 52-week high of $157.86. The stock has a 50-day simple moving average of $148.90 and a 200 day simple moving average of $142.94.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings results on Thursday, October 28th. The business services provider reported $2.02 EPS for the quarter, beating the consensus estimate of $1.48 by $0.54. FTI Consulting had a return on equity of 17.52% and a net margin of 9.26%. The firm had revenue of $702.23 million during the quarter, compared to analysts’ expectations of $675.03 million. During the same period in the prior year, the firm posted $1.54 earnings per share. The business’s quarterly revenue was up 12.9% compared to the same quarter last year. On average, research analysts predict that FTI Consulting will post 6.66 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Meritage Portfolio Management acquired a new stake in shares of FTI Consulting in the third quarter valued at approximately $4,914,000. Nuveen Asset Management LLC increased its stake in FTI Consulting by 13.8% during the 2nd quarter. Nuveen Asset Management LLC now owns 185,092 shares of the business services provider’s stock worth $25,286,000 after acquiring an additional 22,509 shares during the period. Boussard & Gavaudan Investment Management LLP bought a new position in FTI Consulting during the 3rd quarter worth $19,241,000. Sumitomo Mitsui Trust Holdings Inc. increased its stake in FTI Consulting by 84.0% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,600 shares of the business services provider’s stock worth $620,000 after acquiring an additional 2,100 shares during the period. Finally, Metropolitan Life Insurance Co NY increased its stake in FTI Consulting by 107,450.0% during the 2nd quarter. Metropolitan Life Insurance Co NY now owns 6,453 shares of the business services provider’s stock worth $882,000 after acquiring an additional 6,447 shares during the period. 98.59% of the stock is owned by institutional investors.

About FTI Consulting

FTI Consulting, Inc engages in the provision of financial, legal, operational, political and regulatory, reputational and transactional advisory services. It operates through the following segments: Corporate Finance and Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications.

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