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

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

Other research analysts have also recently issued reports about the stock. Truist Financial cut shares of FTI Consulting from a “buy” rating to a “hold” rating and lowered their target price for the stock from $225.00 to $178.00 in a report on Wednesday. The Goldman Sachs Group lowered their price objective on FTI Consulting from $194.00 to $173.00 and set a “neutral” rating on the stock in a research note on Friday, February 21st.

FTI Consulting Price Performance

FCN opened at $158.09 on Thursday. The business has a fifty day simple moving average of $174.48 and a 200 day simple moving average of $194.54. FTI Consulting has a 1 year low of $157.46 and a 1 year high of $243.60. The company 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 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 firm had revenue of $894.92 million for the quarter, compared to analyst estimates of $913.70 million. Equities analysts anticipate that FTI Consulting will post 8.55 earnings per share for the current fiscal year.

Hedge Funds Weigh In On FTI Consulting

Several hedge funds have recently bought and sold shares of FCN. Wilmington Savings Fund Society FSB acquired a new stake in shares of FTI Consulting during the 3rd quarter worth approximately $35,000. GeoWealth Management LLC lifted its stake in FTI Consulting by 46.0% during 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 during the last quarter. Quarry LP boosted its holdings in shares of FTI Consulting by 337.8% in the 3rd quarter. Quarry LP now owns 162 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 125 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of FTI Consulting by 394.0% in the 4th quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 197 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in shares of 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 purchasing an additional 99 shares during the last quarter. 99.36% of the stock is owned by institutional investors.

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.