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 Thursday.

A number of other equities research analysts have also weighed in on the company. The Goldman Sachs Group lowered their target price on FTI Consulting from $194.00 to $173.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. Truist Financial lowered FTI Consulting from a “buy” rating to a “hold” rating and dropped their price objective for the company from $225.00 to $178.00 in a research note on Wednesday.

FTI Consulting Stock Performance

Shares of FTI Consulting stock opened at $158.09 on Thursday. FTI Consulting has a 52 week low of $157.46 and a 52 week high of $243.60. The stock has a 50 day moving average price of $174.48 and a two-hundred day moving average price of $194.74. The stock has a market capitalization of $5.68 billion, a PE ratio of 20.27 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 the consensus estimate 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 the consensus estimate of $913.70 million. Research analysts forecast that FTI Consulting will post 8.55 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its position in shares of FTI Consulting by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 438,808 shares of the business services provider’s stock worth $83,869,000 after acquiring an additional 8,032 shares during the last quarter. Isthmus Partners LLC bought a new stake in shares of FTI Consulting in the fourth quarter worth about $447,000. Ieq Capital LLC lifted its holdings in shares of FTI Consulting by 214.4% in the 4th quarter. Ieq Capital LLC now owns 6,074 shares of the business services provider’s stock valued at $1,161,000 after acquiring an additional 4,142 shares during the last quarter. Dakota Wealth Management boosted its holdings in shares of FTI Consulting by 570.2% in the 4th quarter. Dakota Wealth Management now owns 6,521 shares of the business services provider’s stock worth $1,246,000 after purchasing an additional 5,548 shares during the period. Finally, Versor Investments LP bought a new stake in shares of FTI Consulting in the 4th quarter worth about $688,000. Hedge funds and other institutional investors own 99.36% of the company’s stock.

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.