FTI Consulting (NYSE:FCN) Rating Lowered to Hold at StockNews.com

FTI Consulting (NYSE:FCN) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Several other equities analysts have also weighed in on the company. The Goldman Sachs Group cut their target price on FTI Consulting from $194.00 to $173.00 and set a “neutral” rating on the stock in a research note on Friday. Truist Financial cut their price target on shares of FTI Consulting from $275.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday.

FTI Consulting Trading Up 0.9 %

Shares of FCN traded up $1.52 on Friday, reaching $164.51. 797,670 shares of the company’s stock were exchanged, compared to its average volume of 239,626. The business has a 50 day moving average price of $192.00 and a two-hundred day moving average price of $206.78. FTI Consulting has a 12 month low of $161.24 and a 12 month high of $243.60. The stock has a market capitalization of $5.91 billion, a P/E ratio of 18.91 and a beta of 0.15.

FTI Consulting (NYSE:FCN) last issued its earnings results on Thursday, February 20th. The business services provider reported $1.56 EPS for the quarter, missing the consensus estimate of $1.73 by ($0.17). The business had revenue of $894.92 million for the quarter, compared to the consensus estimate of $913.70 million. FTI Consulting had a net margin of 8.37% and a return on equity of 14.79%. Equities research analysts predict that FTI Consulting will post 8.1 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pacer Advisors Inc. raised its position in shares of FTI Consulting by 9,995.1% during the fourth quarter. Pacer Advisors Inc. now owns 518,687 shares of the business services provider’s stock worth $99,137,000 after purchasing an additional 513,549 shares during the period. T. Rowe Price Investment Management Inc. increased its stake in FTI Consulting by 86.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,018,868 shares of the business services provider’s stock worth $194,737,000 after purchasing an additional 472,245 shares in the last quarter. Black Creek Investment Management Inc. raised its holdings in FTI Consulting by 166.1% during the 4th quarter. Black Creek Investment Management Inc. now owns 652,980 shares of the business services provider’s stock worth $124,804,000 after buying an additional 407,631 shares during the period. Mawer Investment Management Ltd. lifted its stake in FTI Consulting by 3.8% in the fourth quarter. Mawer Investment Management Ltd. now owns 4,065,609 shares of the business services provider’s stock valued at $777,060,000 after buying an additional 149,276 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of FTI Consulting in the fourth quarter valued at approximately $27,726,000. 99.36% of the stock is owned by institutional investors and hedge funds.

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.