FTI Consulting (NYSE:FCN) Hits New 52-Week Low - What's Next?

FTI Consulting, Inc. (NYSE:FCN - Get Free Report) shares reached 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 changing hands. The stock had previously closed at $161.90.

Analyst Ratings Changes

FCN has been the topic of several research reports. The Goldman Sachs Group dropped their price objective on shares of FTI Consulting from $194.00 to $173.00 and set a "neutral" rating on the stock in a report on Friday, February 21st. Truist Financial cut their price target on FTI Consulting from $275.00 to $225.00 and set a "buy" rating for the company in a report on Friday, February 21st. Finally, StockNews.com raised FTI Consulting from a "hold" rating to a "buy" rating in a report on Thursday, March 20th.

FTI Consulting Stock Performance

The firm has a market capitalization of $5.79 billion, a price-to-earnings ratio of 20.66 and a beta of 0.14. The firm's 50-day moving average price is $180.01 and its two-hundred day moving average price is $198.06.

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 for the quarter, missing analysts' consensus estimates of $1.73 by ($0.17). FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. The company had revenue of $894.92 million for the quarter, compared to analyst estimates of $913.70 million. As a group, equities research analysts anticipate that FTI Consulting, Inc. will post 8.55 EPS for the current year.

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Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB bought a new stake in shares of FTI Consulting in the 3rd quarter worth about $35,000. Quarry LP grew its stake in FTI Consulting by 337.8% during the third quarter. Quarry LP now owns 162 shares of the business services provider's stock worth $37,000 after buying an additional 125 shares during the last quarter. True Wealth Design LLC bought a new stake in FTI Consulting during the third quarter worth about $38,000. GeoWealth Management LLC increased its holdings in shares of FTI Consulting by 46.0% during the fourth quarter. GeoWealth Management LLC now owns 181 shares of the business services provider's stock worth $35,000 after buying an additional 57 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in shares of FTI Consulting by 394.0% in the 4th quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider's stock worth $47,000 after acquiring an additional 197 shares in the last quarter. 99.36% of the stock is currently 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.