FTI Consulting (NYSE:FCN) Cut to Hold at Truist Financial

Truist Financial cut shares of FTI Consulting (NYSE:FCN) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning, Marketbeat reports. The brokerage currently has $178.00 price objective on the business services provider’s stock, down from their prior price objective of $225.00.

Several other brokerages have also weighed in on FCN. The Goldman Sachs Group cut their price objective on shares of FTI Consulting from $194.00 to $173.00 and set a “neutral” rating on the stock in a research report on Friday, February 21st. StockNews.com raised FTI Consulting from a “hold” rating to a “buy” rating in a report on Thursday, March 20th.

FTI Consulting Trading Down 2.1 %

Shares of FCN opened at $158.09 on Wednesday. FTI Consulting has a 1-year low of $157.46 and a 1-year high of $243.60. The business’s 50-day moving average price is $174.48 and its 200 day moving average price is $194.74. The stock has a market capitalization of $5.68 billion, a P/E ratio of 20.27 and a beta of 0.14.

FTI Consulting (NYSE:FCN) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $1.56 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($0.17). The firm had revenue of $894.92 million for 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%. On average, research analysts predict that FTI Consulting will post 8.55 earnings per share for the current year.

Institutional Trading of FTI Consulting

Several hedge funds have recently added to or reduced their stakes in the business. FMR LLC boosted its position in shares of FTI Consulting by 13.6% in the third quarter. FMR LLC now owns 325,680 shares of the business services provider’s stock valued at $74,112,000 after acquiring an additional 38,977 shares during the period. BNP Paribas Financial Markets raised its stake in FTI Consulting by 220.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,004 shares of the business services provider’s stock valued at $2,049,000 after purchasing an additional 6,195 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in FTI Consulting by 1.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,769 shares of the business services provider’s stock valued at $1,768,000 after purchasing an additional 135 shares during the period. Captrust Financial Advisors grew its position in FTI Consulting by 26.6% in the 3rd quarter. Captrust Financial Advisors now owns 4,496 shares of the business services provider’s stock worth $1,023,000 after purchasing an additional 945 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec bought a new position in shares of FTI Consulting during the 3rd quarter worth about $546,000. Institutional investors own 99.36% of the company’s stock.

FTI Consulting Company Profile

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.