FTI Consulting (NYSE:FCN) Raised to “Buy” at StockNews.com

FTI Consulting (NYSE:FCN) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Thursday.

Other research analysts have also recently issued reports about the stock. The Goldman Sachs Group reduced their target price on shares of FTI Consulting from $194.00 to $173.00 and set a “neutral” rating on the stock in a research report on Friday, February 21st. Truist Financial reduced their target price on shares of FTI Consulting from $275.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, February 21st.

FTI Consulting Stock Down 1.2 %

FCN opened at $160.02 on Thursday. FTI Consulting has a 52-week low of $158.88 and a 52-week high of $243.60. The company has a 50 day moving average of $180.70 and a two-hundred day moving average of $198.83. The company has a market cap of $5.75 billion, a P/E ratio of 20.52 and a beta of 0.14.

FTI Consulting (NYSE:FCN) last posted its earnings results on Thursday, February 20th. The business services provider reported $1.56 EPS 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 firm had revenue of $894.92 million for the quarter, compared to analyst estimates of $913.70 million. Research analysts anticipate that FTI Consulting will post 8.55 earnings per share for the current year.

Hedge Funds Weigh In On FTI Consulting

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Toronto Dominion Bank grew its position in FTI Consulting by 29.2% in the 4th quarter. Toronto Dominion Bank now owns 5,227 shares of the business services provider’s stock valued at $998,000 after buying an additional 1,182 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in FTI Consulting by 16.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 120,736 shares of the business services provider’s stock valued at $23,076,000 after buying an additional 16,805 shares in the last quarter. Vista Investment Management grew its position in FTI Consulting by 7.3% in the 4th quarter. Vista Investment Management now owns 2,917 shares of the business services provider’s stock valued at $558,000 after buying an additional 199 shares in the last quarter. iSAM Funds UK Ltd bought a new position in FTI Consulting in the 4th quarter valued at about $204,000. Finally, Vident Advisory LLC grew its position in FTI Consulting by 15.6% in the 4th quarter. Vident Advisory LLC now owns 3,195 shares of the business services provider’s stock valued at $611,000 after buying an additional 431 shares in the last quarter. Institutional investors 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.