FTI Consulting (NYSE:FCN) Stock Rating Lowered by StockNews.com

FTI Consulting (NYSE:FCN) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

FCN has been the subject of several other research reports. The Goldman Sachs Group decreased their price objective on FTI Consulting from $194.00 to $173.00 and set a “neutral” rating for the company in a report on Friday. Truist Financial reduced their price target on FTI Consulting from $275.00 to $225.00 and set a “buy” rating for the company in a research report on Friday.

FTI Consulting Trading Up 0.9 %

Shares of NYSE:FCN opened at $164.51 on Friday. FTI Consulting has a twelve month low of $161.24 and a twelve month high of $243.60. The company has a market cap of $5.91 billion, a PE ratio of 21.09 and a beta of 0.15. The company’s 50 day moving average is $192.00 and its 200 day moving average is $206.71.

FTI Consulting (NYSE:FCN) last released its quarterly earnings data on Thursday, February 20th. The business services provider reported $1.56 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.17). FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. The business had revenue of $894.92 million during the quarter, compared to analyst estimates of $913.70 million. Equities research analysts predict that FTI Consulting will post 8.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. CIBC Asset Management Inc raised its holdings in FTI Consulting by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 1,083 shares of the business services provider’s stock worth $207,000 after purchasing an additional 55 shares during the period. GeoWealth Management LLC increased its position in shares of FTI Consulting by 46.0% in the fourth quarter. GeoWealth Management LLC now owns 181 shares of the business services provider’s stock valued at $35,000 after buying an additional 57 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in shares of FTI Consulting by 2.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 3,435 shares of the business services provider’s stock valued at $657,000 after buying an additional 85 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of FTI Consulting by 3.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 2,389 shares of the business services provider’s stock valued at $457,000 after buying an additional 89 shares in the last quarter. Finally, UMB Bank n.a. grew its stake in FTI Consulting by 59.6% in the 4th quarter. UMB Bank n.a. now owns 265 shares of the business services provider’s stock valued at $51,000 after acquiring an additional 99 shares during the period. Institutional investors and hedge funds own 99.36% of the company’s stock.

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.