FTI Consulting (NYSE:FCN) PT Raised to $275.00

FTI Consulting (NYSE:FCN - Get Free Report) had its target price upped by Truist Financial from $255.00 to $275.00 in a report released on Wednesday, Benzinga reports. The firm presently has a "buy" rating on the business services provider's stock. Truist Financial's target price would indicate a potential upside of 20.76% from the company's previous close.

Several other research analysts have also issued reports on the stock. William Blair reiterated an "outperform" rating on shares of FTI Consulting in a research note on Tuesday, June 25th. StockNews.com raised shares of FTI Consulting from a "hold" rating to a "buy" rating in a report on Thursday, July 25th.

FTI Consulting Price Performance

Shares of FCN stock traded up $0.39 during trading hours on Wednesday, reaching $227.73. The stock had a trading volume of 128,787 shares, compared to its average volume of 171,620. FTI Consulting has a 12 month low of $175.03 and a 12 month high of $243.60. The stock's fifty day simple moving average is $223.03 and its 200 day simple moving average is $216.66. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $8.13 billion, a PE ratio of 26.48 and a beta of 0.10.

FTI Consulting (NYSE:FCN - Get Free Report) last posted its quarterly earnings results on Thursday, July 25th. The business services provider reported $2.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.32. FTI Consulting had a net margin of 8.90% and a return on equity of 16.34%. The business had revenue of $949.16 million during the quarter, compared to analyst estimates of $938.67 million. During the same period in the prior year, the business posted $1.75 earnings per share. The company's revenue was up 9.8% on a year-over-year basis. On average, equities research analysts predict that FTI Consulting will post 8.48 EPS for the current year.

Insider Transactions at FTI Consulting

In related news, Director Mark S. Bartlett sold 2,000 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $227.12, for a total value of $454,240.00. Following the completion of the transaction, the director now owns 26,099 shares of the company's stock, valued at approximately $5,927,604.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.51% of the company's stock.

Hedge Funds Weigh In On FTI Consulting

A number of hedge funds have recently added to or reduced their stakes in the stock. Signaturefd LLC lifted its holdings in FTI Consulting by 65.9% during the second quarter. Signaturefd LLC now owns 204 shares of the business services provider's stock worth $44,000 after buying an additional 81 shares during the period. Benjamin F. Edwards & Company Inc. grew its stake in FTI Consulting by 494.6% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 220 shares of the business services provider's stock valued at $46,000 after purchasing an additional 183 shares during the last quarter. Covestor Ltd increased its holdings in FTI Consulting by 76.4% in the 1st quarter. Covestor Ltd now owns 217 shares of the business services provider's stock worth $46,000 after buying an additional 94 shares during the period. Versant Capital Management Inc raised its holdings in shares of FTI Consulting by 593.8% during the second quarter. Versant Capital Management Inc now owns 222 shares of the business services provider's stock worth $48,000 after purchasing an additional 190 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of FTI Consulting by 284.1% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 242 shares of the business services provider's stock valued at $52,000 after buying an additional 179 shares during the period. 99.36% of the stock is currently owned by 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.