FTI Consulting (NYSE:FCN) Rating Increased to Buy at StockNews.com

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

FCN has been the subject of a number of other reports. The Goldman Sachs Group decreased 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 reduced their price objective on FTI Consulting from $275.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, February 21st.

FTI Consulting Price Performance

Shares of FCN stock traded down $3.29 on Thursday, hitting $161.73. 281,062 shares of the stock traded hands, compared to its average volume of 195,480. The company’s fifty day moving average is $181.35 and its 200 day moving average is $199.30. FTI Consulting has a 1-year low of $158.92 and a 1-year high of $243.60. The company has a market capitalization of $5.81 billion, a PE ratio of 20.73 and a beta of 0.14.

FTI Consulting (NYSE:FCN) last issued 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 business had revenue of $894.92 million for the quarter, compared to analyst estimates of $913.70 million. As a group, equities research analysts expect that FTI Consulting will post 8.55 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Toronto Dominion Bank raised its holdings in shares of FTI Consulting by 29.2% during the fourth 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased 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 acquiring an additional 16,805 shares during the period. Vista Investment Management raised its stake in FTI Consulting by 7.3% during the 4th quarter. Vista Investment Management now owns 2,917 shares of the business services provider’s stock valued at $558,000 after acquiring an additional 199 shares in the last quarter. iSAM Funds UK Ltd acquired a new position in FTI Consulting during the 4th quarter worth $204,000. Finally, Vident Advisory LLC boosted its position in FTI Consulting by 15.6% during the 4th quarter. Vident Advisory LLC now owns 3,195 shares of the business services provider’s stock worth $611,000 after acquiring an additional 431 shares during the period. 99.36% of the stock is owned by institutional investors and hedge funds.

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.