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

StockNews.com upgraded shares of FTI Consulting (NYSE:FCN) from a hold rating to a buy rating in a research report released on Thursday.

Several other equities research analysts also recently issued reports on FCN. The Goldman Sachs Group dropped their price target on shares of FTI Consulting from $194.00 to $173.00 and set a “neutral” rating on the stock in a research note on Friday, February 21st. Truist Financial dropped their target price on 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 Price Performance

Shares of NYSE FCN opened at $160.02 on Thursday. The company has a market capitalization of $5.75 billion, a price-to-earnings ratio of 20.52 and a beta of 0.14. FTI Consulting has a 1-year low of $158.88 and a 1-year high of $243.60. The business has a 50-day moving average of $180.70 and a 200-day moving average of $198.66.

FTI Consulting (NYSE:FCN) last released its quarterly earnings results 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). The company had revenue of $894.92 million during the quarter, compared to analysts’ expectations of $913.70 million. FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. Research analysts expect that FTI Consulting will post 8.55 EPS for the current fiscal year.

Institutional Trading of FTI Consulting

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Prospera Private Wealth LLC acquired a new position in FTI Consulting during the 3rd quarter worth $34,000. Wilmington Savings Fund Society FSB bought a new position in shares of FTI Consulting during the third quarter worth about $35,000. GeoWealth Management LLC grew its stake in FTI Consulting by 46.0% in the fourth quarter. GeoWealth Management LLC now owns 181 shares of the business services provider’s stock worth $35,000 after purchasing an additional 57 shares in the last quarter. Quarry LP increased its holdings in FTI Consulting by 337.8% in the third quarter. Quarry LP now owns 162 shares of the business services provider’s stock valued at $37,000 after buying an additional 125 shares during the last quarter. Finally, True Wealth Design LLC acquired a new stake in FTI Consulting during the third quarter valued at approximately $38,000. 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.