FTI Consulting (NYSE:FCN – Get Free Report)‘s stock had its “hold” rating reaffirmed by investment analysts at Truist Financial in a note issued to investors on Monday, Benzinga reports. They currently have a $180.00 price objective on the business services provider’s stock, up from their prior price objective of $158.00. Truist Financial‘s target price would indicate a potential downside of 4.52% from the company’s current price.
Separately, Weiss Ratings raised FTI Consulting from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, October 26th. Two analysts have rated the stock with a Hold rating. According to MarketBeat, FTI Consulting presently has an average rating of “Hold” and a consensus price target of $174.50.
Check Out Our Latest Research Report on FCN
FTI Consulting Price Performance
NYSE FCN traded up $5.67 on Monday, reaching $188.51. 59,369 shares of the stock traded hands, compared to its average volume of 438,383. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.64. The company has a market cap of $5.14 billion, a price-to-earnings ratio of 23.61 and a beta of -0.16. The firm’s fifty day simple moving average is $147.19 and its 200 day simple moving average is $159.93. FTI Consulting has a 12 month low of $129.12 and a 12 month high of $189.30.
FTI Consulting (NYSE:FCN – Get Free Report) last released its earnings results on Thursday, October 29th. The business services provider reported $3.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.74 by $1.10. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.01 billion. FTI Consulting had a return on equity of 18.41% and a net margin of 5.86%. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.60 earnings per share. As a group, research analysts predict that FTI Consulting will post 9.81 EPS for the current fiscal year.
Institutional Investors Weigh In On FTI Consulting
Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in FTI Consulting in the second quarter valued at approximately $408,202,000. Dimensional Fund Advisors LP lifted its stake in shares of FTI Consulting by 6.9% in the first quarter. Dimensional Fund Advisors LP now owns 921,218 shares of the business services provider’s stock valued at $162,836,000 after buying an additional 59,524 shares in the last quarter. Quantinno Capital Management LP raised its position in FTI Consulting by 141.6% in the 1st quarter. Quantinno Capital Management LP now owns 256,490 shares of the business services provider’s stock valued at $45,340,000 after buying an additional 150,348 shares during the last quarter. Neumeier Poma Investment Counsel LLC purchased a new position in shares of FTI Consulting in the 2nd quarter worth approximately $44,699,275. Finally, Bank of New York Mellon Corp grew its position in FTI Consulting by 2.2% during the first quarter. Bank of New York Mellon Corp now owns 209,668 shares of the business services provider’s stock valued at $37,063,000 after buying an additional 4,603 shares during the period. Institutional investors own 99.36% of the company’s stock.
About FTI Consulting
FTI Consulting, Inc is a global business advisory firm that helps organizations address complex financial, legal, operational and reputational challenges. The company provides independent expertise to corporations, law firms, financial institutions, government agencies and other organizations involved in major disputes, transactions, investigations, restructurings and regulatory matters.
FTI Consulting operates through several practice areas, including Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology and Strategic Communications.
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