FTI Consulting (NYSE:FCN) Reaches New 52-Week Low – Should You Sell?

Shares of FTI Consulting, Inc. (NYSE:FCN) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $158.88 and last traded at $160.02, with a volume of 1379302 shares. The stock had previously closed at $161.90.

Wall Street Analyst Weigh In

FCN has been the topic of several analyst reports. The Goldman Sachs Group cut their target price on FTI Consulting from $194.00 to $173.00 and set a “neutral” rating on the stock in a research note on Friday, February 21st. StockNews.com raised shares of FTI Consulting from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Truist Financial lowered their target price on shares of FTI Consulting from $275.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, February 21st.

FTI Consulting Price Performance

The company has a fifty day moving average price of $181.35 and a two-hundred day moving average price of $199.30. The firm has a market cap of $5.75 billion, a price-to-earnings ratio of 20.52 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). FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. The business had revenue of $894.92 million for the quarter, compared to the consensus estimate of $913.70 million. On average, research analysts expect that FTI Consulting, Inc. will post 8.55 earnings per share for the current fiscal year.

Institutional Investors Weigh In On FTI Consulting

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Quest Partners LLC increased its stake in FTI Consulting by 54.8% in the 3rd quarter. Quest Partners LLC now owns 1,885 shares of the business services provider’s stock worth $429,000 after purchasing an additional 667 shares in the last quarter. Pathstone Holdings LLC raised its holdings in shares of FTI Consulting by 7.6% during the third quarter. Pathstone Holdings LLC now owns 6,416 shares of the business services provider’s stock valued at $1,460,000 after acquiring an additional 452 shares during the period. Caprock Group LLC lifted its position in shares of FTI Consulting by 31.6% in the 3rd quarter. Caprock Group LLC now owns 1,947 shares of the business services provider’s stock valued at $443,000 after acquiring an additional 467 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in FTI Consulting in the 3rd quarter worth approximately $932,000. Finally, Prospera Private Wealth LLC purchased a new position in FTI Consulting during the 3rd quarter worth approximately $34,000. 99.36% of the stock is owned by institutional investors and hedge funds.

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.