FTI Consulting (NYSE:FCN) Upgraded at StockNews.com

FTI Consulting (NYSE:FCN) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Separately, Truist Financial lifted their price objective on FTI Consulting from $255.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, September 25th.

FTI Consulting Stock Performance

Shares of FCN stock opened at $198.92 on Friday. The firm has a fifty day moving average of $221.67 and a 200-day moving average of $219.02. The stock has a market cap of $7.15 billion, a price-to-earnings ratio of 22.86 and a beta of 0.10. FTI Consulting has a 52-week low of $185.93 and a 52-week high of $243.60.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings results on Thursday, October 24th. The business services provider reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.21). FTI Consulting had a return on equity of 14.79% and a net margin of 8.37%. The business had revenue of $926.00 million for the quarter, compared to the consensus estimate of $946.16 million. During the same quarter in the prior year, the business earned $2.34 EPS. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, sell-side analysts predict that FTI Consulting will post 8.1 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. UMB Bank n.a. increased its position in FTI Consulting by 76.6% in the 3rd quarter. UMB Bank n.a. now owns 166 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 72 shares in the last quarter. Signaturefd LLC lifted its position in shares of FTI Consulting by 65.9% during the second quarter. Signaturefd LLC now owns 204 shares of the business services provider’s stock worth $44,000 after purchasing an additional 81 shares in the last quarter. Covestor Ltd grew its stake in shares of FTI Consulting by 76.4% during the first quarter. Covestor Ltd now owns 217 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 94 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of FTI Consulting by 593.8% in the second quarter. Versant Capital Management Inc now owns 222 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 190 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. raised its position in FTI Consulting by 284.1% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 242 shares of the business services provider’s stock worth $52,000 after purchasing an additional 179 shares during the last quarter. 99.36% of the stock is owned by institutional investors and hedge funds.

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.