FTI Consulting (NYSE:FCN) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of FTI Consulting (NYSE:FCN) from a buy rating to a hold rating in a report issued on Friday morning.

Other analysts have also issued research reports about the company. Truist Financial lowered their target price on FTI Consulting from $275.00 to $225.00 and set a “buy” rating for the company in a report on Friday. 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.

FTI Consulting Stock Up 0.9 %

Shares of NYSE FCN opened at $164.51 on Friday. FTI Consulting has a twelve month low of $161.24 and a twelve month high of $243.60. The firm has a market cap of $5.91 billion, a PE ratio of 18.91 and a beta of 0.15. The business has a fifty day simple moving average of $192.00 and a two-hundred day simple moving average of $206.78.

FTI Consulting (NYSE:FCN) last released its quarterly earnings data 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 14.79% and a net margin of 8.37%. The business had revenue of $894.92 million during the quarter, compared to analysts’ expectations of $913.70 million. On average, research analysts expect that FTI Consulting will post 8.1 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FCN. Creative Planning grew its holdings in FTI Consulting by 10.5% in the third quarter. Creative Planning now owns 6,264 shares of the business services provider’s stock worth $1,425,000 after purchasing an additional 597 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of FTI Consulting by 3.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,721 shares of the business services provider’s stock worth $847,000 after purchasing an additional 129 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in FTI Consulting by 63.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 3,976 shares of the business services provider’s stock worth $905,000 after buying an additional 1,538 shares during the last quarter. GHP Investment Advisors Inc. increased its position in FTI Consulting by 1.6% during the 3rd quarter. GHP Investment Advisors Inc. now owns 26,593 shares of the business services provider’s stock valued at $6,051,000 after buying an additional 406 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its stake in FTI Consulting by 4.6% in the third quarter. State of Alaska Department of Revenue now owns 6,241 shares of the business services provider’s stock valued at $1,419,000 after buying an additional 275 shares during the last quarter. 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.