FTI Consulting (NYSE:FCN) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

FTI Consulting, Inc. (NYSE:FCN) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $167.39 and traded as high as $180.20. FTI Consulting shares last traded at $174.6250, with a volume of 329,759 shares.

Analyst Upgrades and Downgrades

FCN has been the subject of several recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of FTI Consulting in a research note on Wednesday, December 24th. Wall Street Zen raised shares of FTI Consulting from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Finally, Truist Financial lowered their price target on shares of FTI Consulting from $178.00 to $165.00 and set a “hold” rating for the company in a report on Thursday, October 23rd. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $169.00.

FTI Consulting Stock Down 2.6%

The firm has a 50-day moving average price of $173.16 and a two-hundred day moving average price of $167.39. The firm has a market cap of $5.39 billion, a price-to-earnings ratio of 22.25 and a beta of 0.09. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.85 and a current ratio of 1.85.

FTI Consulting announced that its board has authorized a share repurchase program on Tuesday, October 21st that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the business services provider to buy up to 9.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Institutional Investors Weigh In On FTI Consulting

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quent Capital LLC purchased a new stake in FTI Consulting in the third quarter valued at $28,000. Winnow Wealth LLC acquired a new stake in shares of FTI Consulting during the third quarter worth about $29,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of FTI Consulting by 1,278.6% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 193 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 179 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in FTI Consulting during the 1st quarter worth approximately $33,000. Finally, Nomura Asset Management Co. Ltd. grew its stake in FTI Consulting by 68.8% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 270 shares of the business services provider’s stock worth $44,000 after buying an additional 110 shares during the last quarter. 99.36% of the stock is currently owned by institutional investors and hedge funds.

About FTI Consulting

FTI Consulting, Inc is a global business advisory firm providing multidisciplinary solutions designed to address complex challenges and strategic opportunities. The company’s primary service offerings encompass corporate finance & restructuring, economic consulting, forensic & litigation consulting, strategic communications, and technology. These capabilities enable clients to manage financial distress, navigate regulatory environments, resolve disputes, build trust with stakeholders, and leverage data-driven insights.

In its corporate finance & restructuring practice, FTI delivers restructuring, interim management, and transaction advisory services to companies facing operational or financial pressures.