FTI Consulting (NYSE:FCN) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of FTI Consulting (NYSE:FCN) from a hold rating to a buy rating in a research report report published on Thursday morning.

Several other brokerages also recently commented on FCN. Truist Financial cut their target price on FTI Consulting from $275.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. The Goldman Sachs Group reduced their price objective on FTI Consulting from $194.00 to $173.00 and set a “neutral” rating for the company in a report on Friday, February 21st.

FTI Consulting Price Performance

FCN opened at $161.73 on Thursday. The firm has a market cap of $5.81 billion, a PE ratio of 20.73 and a beta of 0.14. The stock has a 50-day moving average price of $181.35 and a 200-day moving average price of $199.30. FTI Consulting has a 1 year low of $158.92 and a 1 year high of $243.60.

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

Institutional Investors Weigh In On FTI Consulting

A number of hedge funds have recently added to or reduced their stakes in the stock. Mawer Investment Management Ltd. grew its holdings in shares of FTI Consulting by 3.8% in the fourth quarter. Mawer Investment Management Ltd. now owns 4,065,609 shares of the business services provider’s stock worth $777,060,000 after acquiring an additional 149,276 shares during the period. Vanguard Group Inc. grew its stake in shares of FTI Consulting by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 3,564,322 shares of the business services provider’s stock valued at $681,249,000 after purchasing an additional 23,419 shares during the period. State Street Corp increased its position in shares of FTI Consulting by 2.7% during the 3rd quarter. State Street Corp now owns 1,061,341 shares of the business services provider’s stock valued at $241,519,000 after purchasing an additional 28,105 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in shares of FTI Consulting by 86.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,018,868 shares of the business services provider’s stock worth $194,737,000 after buying an additional 472,245 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in shares of FTI Consulting by 9.3% in the fourth quarter. Alliancebernstein L.P. now owns 740,858 shares of the business services provider’s stock worth $141,600,000 after buying an additional 63,163 shares during the last quarter. 99.36% of the stock is currently owned by hedge funds and other institutional investors.

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.