FTI Consulting (NYSE:FCN) Rating Lowered to "Hold" at Truist Financial

FTI Consulting (NYSE:FCN - Get Free Report) was downgraded by investment analysts at Truist Financial from a "buy" rating to a "hold" rating in a research note issued on Wednesday, MarketBeat Ratings reports. They presently have a $178.00 price objective on the business services provider's stock, down from their prior price objective of $225.00. Truist Financial's price objective would indicate a potential upside of 15.15% from the company's current price.

Other analysts have also recently issued research reports about the stock. StockNews.com raised shares of FTI Consulting from a "hold" rating to a "buy" rating in a research note on Thursday, March 20th. The Goldman Sachs Group decreased their price target on FTI Consulting from $194.00 to $173.00 and set a "neutral" rating for the company in a research note on Friday, February 21st.

FTI Consulting Price Performance

Shares of NYSE FCN traded down $3.37 during mid-day trading on Wednesday, hitting $154.58. 180,304 shares of the stock traded hands, compared to its average volume of 214,862. FTI Consulting has a twelve month low of $154.50 and a twelve month high of $243.60. The firm has a 50 day simple moving average of $174.48 and a two-hundred day simple moving average of $194.34. The company has a market cap of $5.55 billion, a PE ratio of 19.81 and a beta of 0.21.

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FTI Consulting (NYSE:FCN - Get Free Report) last released its quarterly earnings data 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 net margin of 7.57% and a return on equity of 13.15%. The firm had revenue of $894.92 million during the quarter, compared to analyst estimates of $913.70 million. On average, equities research analysts anticipate that FTI Consulting will post 8.55 earnings per share for the current fiscal year.

Hedge Funds Weigh In On FTI Consulting

Hedge funds have recently bought and sold shares of the company. Pacer Advisors Inc. grew its holdings in FTI Consulting by 9,995.1% during the 4th quarter. Pacer Advisors Inc. now owns 518,687 shares of the business services provider's stock worth $99,137,000 after acquiring an additional 513,549 shares during the period. T. Rowe Price Investment Management Inc. grew its stake in FTI Consulting by 86.4% during 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 purchasing an additional 472,245 shares during the period. Black Creek Investment Management Inc. increased its holdings in FTI Consulting by 166.1% in the fourth quarter. Black Creek Investment Management Inc. now owns 652,980 shares of the business services provider's stock worth $124,804,000 after purchasing an additional 407,631 shares in the last quarter. Mawer Investment Management Ltd. boosted its holdings in shares of FTI Consulting by 3.8% during the 4th quarter. Mawer Investment Management Ltd. now owns 4,065,609 shares of the business services provider's stock worth $777,060,000 after buying an additional 149,276 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of FTI Consulting during the 4th quarter worth approximately $27,726,000. 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.