StockNews.com Downgrades FTI Consulting (NYSE:FCN) to Hold

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

Separately, Truist Financial lifted their price target 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 Trading Down 1.1 %

Shares of FCN opened at $199.09 on Friday. 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 1-year low of $185.93 and a 1-year high of $243.60. The stock has a market capitalization of $7.15 billion, a P/E ratio of 21.66 and a beta of 0.10. The business’s 50-day moving average price is $223.66 and its 200 day moving average price is $219.31.

FTI Consulting (NYSE:FCN) last released its quarterly 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 firm 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 EPS. The firm’s revenue was up 3.7% compared to the same quarter last year. Analysts expect that FTI Consulting will post 8.48 earnings per share for the current year.

Institutional Investors Weigh In On FTI Consulting

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UMB Bank n.a. increased its stake in shares of FTI Consulting by 76.6% in the third quarter. UMB Bank n.a. now owns 166 shares of the business services provider’s stock worth $38,000 after acquiring an additional 72 shares during the last quarter. Signaturefd LLC increased its position in FTI Consulting by 65.9% in the 2nd quarter. Signaturefd LLC now owns 204 shares of the business services provider’s stock worth $44,000 after purchasing an additional 81 shares during the last quarter. Covestor Ltd raised its stake in shares of FTI Consulting by 76.4% during the 1st quarter. Covestor Ltd now owns 217 shares of the business services provider’s stock worth $46,000 after purchasing an additional 94 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of FTI Consulting by 593.8% during the 2nd quarter. Versant Capital Management Inc now owns 222 shares of the business services provider’s stock valued at $48,000 after buying an additional 190 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. increased its holdings in FTI Consulting by 284.1% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 242 shares of the business services provider’s stock worth $52,000 after buying an additional 179 shares during the last quarter. Hedge funds and other 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.