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

StockNews.com lowered shares of FTI Consulting (NYSE:FCN) from a buy rating to a hold rating in a research note issued to investors on Friday.

Separately, Truist Financial upped their target price on FTI Consulting from $255.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th.

FTI Consulting Stock Performance

FCN opened at $199.09 on Friday. The firm has a 50 day moving average of $223.66 and a two-hundred day moving average of $219.40. The firm has a market capitalization of $7.11 billion, a PE ratio of 23.15 and a beta of 0.10. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.03. FTI Consulting has a 12-month low of $185.93 and a 12-month high of $243.60.

FTI Consulting (NYSE:FCN) last posted its earnings results on Thursday, October 24th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.21). FTI Consulting had a net margin of 8.90% and a return on equity of 16.34%. The business had revenue of $926.00 million for the quarter, compared to analyst estimates of $946.16 million. During the same quarter in the prior year, the firm earned $2.34 earnings per share. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, analysts anticipate that FTI Consulting will post 8.48 EPS for the current year.

Hedge Funds Weigh In On FTI Consulting

Several large investors have recently made changes to their positions in FCN. Nordea Investment Management AB increased its holdings in FTI Consulting by 458.7% in the first quarter. Nordea Investment Management AB now owns 17,287 shares of the business services provider’s stock valued at $3,652,000 after buying an additional 14,193 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of FTI Consulting during the 1st quarter worth about $584,000. Sei Investments Co. grew its position in shares of FTI Consulting by 4.3% during the 2nd quarter. Sei Investments Co. now owns 110,336 shares of the business services provider’s stock valued at $23,782,000 after acquiring an additional 4,516 shares during the period. DB Fitzpatrick & Co Inc increased its stake in shares of FTI Consulting by 135.1% in the 2nd quarter. DB Fitzpatrick & Co Inc now owns 5,931 shares of the business services provider’s stock valued at $1,278,000 after purchasing an additional 3,408 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in FTI Consulting by 298.4% in the 2nd quarter. SG Americas Securities LLC now owns 4,060 shares of the business services provider’s stock worth $875,000 after purchasing an additional 3,041 shares during the period. 99.36% of the stock is currently owned by institutional investors and hedge funds.

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.