FTI Consulting (NYSE:FCN) Stock Rating Upgraded by StockNews.com

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

FCN has been the topic of a number of other reports. Truist Financial reduced their price objective on FTI Consulting from $275.00 to $225.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. The Goldman Sachs Group reduced their price target on FTI Consulting from $194.00 to $173.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st.

FTI Consulting Stock Performance

FCN traded up $0.16 during midday trading on Thursday, hitting $160.70. The stock had a trading volume of 452,376 shares, compared to its average volume of 200,727. FTI Consulting has a 1 year low of $157.43 and a 1 year high of $243.60. The business has a fifty day moving average of $180.01 and a 200 day moving average of $198.06. The company has a market cap of $5.77 billion, a P/E ratio of 20.60 and a beta of 0.14.

FTI Consulting (NYSE:FCN - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $1.56 earnings per share (EPS) 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 business had revenue of $894.92 million during the quarter, compared to analysts' expectations of $913.70 million. On average, equities research analysts anticipate that FTI Consulting will post 8.55 earnings per share for the current year.

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Hedge Funds Weigh In On FTI Consulting

A number of hedge funds have recently modified their holdings of the company. Toronto Dominion Bank grew its stake in shares of FTI Consulting by 29.2% in the fourth quarter. Toronto Dominion Bank now owns 5,227 shares of the business services provider's stock worth $998,000 after purchasing an additional 1,182 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in FTI Consulting by 16.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 120,736 shares of the business services provider's stock worth $23,076,000 after buying an additional 16,805 shares during the period. Vista Investment Management increased its stake in shares of FTI Consulting by 7.3% during the fourth quarter. Vista Investment Management now owns 2,917 shares of the business services provider's stock valued at $558,000 after buying an additional 199 shares during the period. iSAM Funds UK Ltd purchased a new position in shares of FTI Consulting during the fourth quarter valued at approximately $204,000. Finally, Vident Advisory LLC raised its holdings in shares of FTI Consulting by 15.6% during the fourth quarter. Vident Advisory LLC now owns 3,195 shares of the business services provider's stock valued at $611,000 after acquiring an additional 431 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.