StockNews.com Upgrades FTI Consulting (NYSE:FCN) to Buy

StockNews.com upgraded shares of FTI Consulting (NYSE:FCN - Free Report) from a hold rating to a buy rating in a research note published on Saturday morning.

Separately, Truist Financial increased their target price on FTI Consulting from $255.00 to $275.00 and gave the company a "buy" rating in a research note on Wednesday, September 25th.

FTI Consulting Stock Performance

FCN traded up $3.61 on Friday, reaching $198.69. 160,941 shares of the company's stock were exchanged, compared to its average volume of 175,508. The company has a market cap of $7.14 billion, a price-to-earnings ratio of 22.84 and a beta of 0.10. FTI Consulting has a twelve month low of $185.93 and a twelve month high of $243.60. The company's 50 day moving average is $221.18 and its 200-day moving average is $218.97.

FTI Consulting (NYSE:FCN - Get Free Report) last issued its earnings results on Thursday, October 24th. The business services provider reported $1.85 EPS for the quarter, missing analysts' consensus estimates of $2.06 by ($0.21). FTI Consulting had a net margin of 8.37% and a return on equity of 14.79%. The business had revenue of $926.00 million during the quarter, compared to analysts' expectations of $946.16 million. During the same period in the prior year, the business posted $2.34 EPS. The business's revenue was up 3.7% on a year-over-year basis. Sell-side analysts forecast that FTI Consulting will post 8.1 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Atria Investments Inc raised its position in shares of FTI Consulting by 7.4% in the 3rd quarter. Atria Investments Inc now owns 11,108 shares of the business services provider's stock valued at $2,528,000 after purchasing an additional 767 shares in the last quarter. CWA Asset Management Group LLC bought a new stake in shares of FTI Consulting in the third quarter worth $23,351,000. Portside Wealth Group LLC boosted its stake in FTI Consulting by 6.9% during the 3rd quarter. Portside Wealth Group LLC now owns 1,563 shares of the business services provider's stock valued at $356,000 after acquiring an additional 101 shares during the last quarter. Marks Group Wealth Management Inc acquired a new position in FTI Consulting during the 3rd quarter worth $8,675,000. Finally, Asset Management One Co. Ltd. grew its holdings in FTI Consulting by 6.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 5,493 shares of the business services provider's stock worth $1,250,000 after acquiring an additional 314 shares in the last quarter. Hedge funds and other 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.