FTI Consulting (NYSE:FCN) Reaches New 1-Year High – Should You Buy?

Shares of FTI Consulting, Inc. (NYSE:FCN) hit a new 52-week high during trading on Monday. The company traded as high as $189.34 and last traded at $187.7910, with a volume of 78,798 shares trading hands. The stock had previously closed at $182.84.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on FCN shares. Weiss Ratings upgraded shares of FTI Consulting from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, October 26th. Truist Financial reiterated a “hold” rating and set a $180.00 price target (up from $158.00) on shares of FTI Consulting in a research report on Monday. Two research analysts have rated the stock with a Hold rating. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $174.50.

FTI Consulting Trading Up 5.3%

The stock has a market capitalization of $5.25 billion, a price-to-earnings ratio of 24.01 and a beta of -0.16. The business has a 50 day simple moving average of $147.19 and a 200-day simple moving average of $159.93. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.64.

FTI Consulting (NYSE:FCN) last released its quarterly earnings results on Thursday, October 29th. The business services provider reported $3.84 earnings per share for the quarter, beating analysts’ consensus estimates of $2.74 by $1.10. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.01 billion. FTI Consulting had a return on equity of 18.41% and a net margin of 5.86%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.60 earnings per share. On average, equities analysts predict that FTI Consulting, Inc. will post 9.81 earnings per share for the current year.

Institutional Trading of FTI Consulting

Several large investors have recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of FTI Consulting during the 2nd quarter worth about $408,202,000. Neumeier Poma Investment Counsel LLC bought a new stake in shares of FTI Consulting during the second quarter worth $44,699,275. Bank of New York Mellon Corp acquired a new position in FTI Consulting during the 2nd quarter valued at about $28,362,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in FTI Consulting in the second quarter valued at approximately $28,307,000. Finally, Quantinno Capital Management LP raised its position in shares of FTI Consulting by 141.6% during the 1st quarter. Quantinno Capital Management LP now owns 256,490 shares of the business services provider’s stock valued at $45,340,000 after acquiring an additional 150,348 shares during the last quarter. 99.36% of the stock is owned by institutional investors.

FTI Consulting Company Profile

FTI Consulting, Inc is a global business advisory firm that helps organizations address complex financial, legal, operational and reputational challenges. The company provides independent expertise to corporations, law firms, financial institutions, government agencies and other organizations involved in major disputes, transactions, investigations, restructurings and regulatory matters.

FTI Consulting operates through several practice areas, including Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology and Strategic Communications.