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

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

Separately, Truist Financial boosted their price objective on shares of FTI Consulting from $240.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, February 23rd.

FTI Consulting Price Performance

Shares of FCN opened at $211.36 on Friday. FTI Consulting has a 52-week low of $167.39 and a 52-week high of $232.15. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.74 and a current ratio of 2.46. The stock has a 50 day simple moving average of $207.58 and a 200 day simple moving average of $205.41. The firm has a market capitalization of $7.53 billion, a PE ratio of 24.58 and a beta of 0.11.

FTI Consulting (NYSE:FCN) last released its quarterly earnings data on Thursday, April 25th. The business services provider reported $2.23 EPS for the quarter, beating the consensus estimate of $1.76 by $0.47. The firm had revenue of $928.60 million for the quarter, compared to the consensus estimate of $901.77 million. FTI Consulting had a net margin of 8.51% and a return on equity of 15.97%. The company’s quarterly revenue was up 15.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.34 earnings per share. Sell-side analysts predict that FTI Consulting will post 8.15 EPS for the current fiscal year.

Insider Buying and Selling

In other FTI Consulting news, Director Brenda J. Bacon acquired 1,120 shares of FTI Consulting stock in a transaction that occurred on Friday, February 23rd. The shares were bought at an average price of $222.96 per share, with a total value of $249,715.20. Following the completion of the purchase, the director now directly owns 15,292 shares in the company, valued at approximately $3,409,504.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Brenda J. Bacon purchased 1,120 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were acquired at an average price of $222.96 per share, with a total value of $249,715.20. Following the completion of the transaction, the director now owns 15,292 shares of the company’s stock, valued at approximately $3,409,504.32. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Curtis P. Lu sold 2,656 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $217.08, for a total transaction of $576,564.48. Following the sale, the general counsel now directly owns 29,190 shares in the company, valued at approximately $6,336,565.20. The disclosure for this sale can be found here. Insiders have sold a total of 36,715 shares of company stock valued at $7,617,513 over the last 90 days. 3.34% of the stock is owned by insiders.

Institutional Trading of FTI Consulting

A number of institutional investors have recently bought and sold shares of FCN. Arlington Trust Co LLC acquired a new stake in shares of FTI Consulting in the 3rd quarter worth about $28,000. Tompkins Financial Corp acquired a new stake in shares of FTI Consulting in the 4th quarter worth about $40,000. Fifth Third Bancorp raised its holdings in shares of FTI Consulting by 37.1% in the 3rd quarter. Fifth Third Bancorp now owns 218 shares of the business services provider’s stock worth $39,000 after acquiring an additional 59 shares during the last quarter. Blue Trust Inc. grew its position in FTI Consulting by 30.1% in the 4th quarter. Blue Trust Inc. now owns 272 shares of the business services provider’s stock worth $54,000 after purchasing an additional 63 shares in the last quarter. Finally, Quarry LP bought a new stake in FTI Consulting in the 4th quarter worth about $56,000. 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.