StockNews.com Downgrades FTI Consulting (NYSE:FCN) to Hold

FTI Consulting (NYSE:FCN - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "buy" rating to a "hold" rating in a report released on Thursday.

Other equities research analysts also recently issued reports about the company. Truist Financial downgraded FTI Consulting from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $225.00 to $178.00 in a report on Wednesday, April 2nd. The Goldman Sachs Group cut 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 Stock Down 1.9 %

Shares of NYSE FCN traded down $3.06 during trading on Thursday, reaching $154.89. The company had a trading volume of 595,687 shares, compared to its average volume of 329,798. The stock has a market cap of $5.56 billion, a PE ratio of 19.86 and a beta of 0.21. The business's 50-day moving average is $174.48 and its 200 day moving average is $194.34. FTI Consulting has a 12-month low of $153.41 and a 12-month high of $243.60.

FTI Consulting (NYSE:FCN - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The business services provider reported $1.56 EPS for the quarter, missing analysts' consensus estimates of $1.73 by ($0.17). The firm had revenue of $894.92 million for the quarter, compared to analysts' expectations of $913.70 million. FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. On average, analysts anticipate that FTI Consulting will post 8.55 earnings per share for the current year.

Remove Ads

Hedge Funds Weigh In On FTI Consulting

Several large investors have recently added to or reduced their stakes in FCN. FMR LLC lifted its position in FTI Consulting by 13.6% during the third quarter. FMR LLC now owns 325,680 shares of the business services provider's stock valued at $74,112,000 after purchasing an additional 38,977 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in FTI Consulting by 220.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,004 shares of the business services provider's stock worth $2,049,000 after purchasing an additional 6,195 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of FTI Consulting by 1.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,769 shares of the business services provider's stock valued at $1,768,000 after acquiring an additional 135 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of FTI Consulting by 26.6% in the 3rd quarter. Captrust Financial Advisors now owns 4,496 shares of the business services provider's stock worth $1,023,000 after purchasing an additional 945 shares during the period. Finally, Quarry LP increased its holdings in shares of FTI Consulting by 337.8% in the 3rd quarter. Quarry LP now owns 162 shares of the business services provider's stock valued at $37,000 after acquiring an additional 125 shares during the period. Hedge funds and other institutional investors own 99.36% of the company's stock.

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.