FTI Consulting (NYSE:FCN) Rating Lowered 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 note released on Friday morning.

FCN has been the subject of a number of other research reports. The Goldman Sachs Group reduced their price target on FTI Consulting from $194.00 to $173.00 and set a “neutral” rating for the company in a research report on Friday. Truist Financial reduced their target price on shares of FTI Consulting from $275.00 to $225.00 and set a “buy” rating for the company in a report on Friday.

FTI Consulting Trading Up 0.9 %

Shares of NYSE FCN opened at $164.51 on Friday. FTI Consulting has a 12-month low of $161.24 and a 12-month high of $243.60. The firm has a market capitalization of $5.91 billion, a price-to-earnings ratio of 21.09 and a beta of 0.15. The firm has a 50 day moving average of $192.00 and a 200 day moving average of $206.66.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings data on Thursday, February 20th. The business services provider reported $1.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.17). The business had revenue of $894.92 million for the quarter, compared to the consensus estimate of $913.70 million. FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. Sell-side analysts predict that FTI Consulting will post 8.55 EPS for the current year.

Institutional Investors Weigh In On FTI Consulting

A number of institutional investors have recently bought and sold shares of the business. Pacer Advisors Inc. lifted its position in shares of FTI Consulting by 9,995.1% in the fourth quarter. Pacer Advisors Inc. now owns 518,687 shares of the business services provider’s stock valued at $99,137,000 after acquiring an additional 513,549 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in FTI Consulting by 86.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,018,868 shares of the business services provider’s stock valued at $194,737,000 after purchasing an additional 472,245 shares during the period. Black Creek Investment Management Inc. lifted its holdings in FTI Consulting by 166.1% in the 4th quarter. Black Creek Investment Management Inc. now owns 652,980 shares of the business services provider’s stock worth $124,804,000 after purchasing an additional 407,631 shares in the last quarter. Mawer Investment Management Ltd. boosted its stake in FTI Consulting by 3.8% in the 4th quarter. Mawer Investment Management Ltd. now owns 4,065,609 shares of the business services provider’s stock worth $777,060,000 after purchasing an additional 149,276 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in FTI Consulting during the 4th quarter valued at approximately $27,726,000. 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.