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

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

Separately, Truist Financial raised their target price on FTI Consulting from $240.00 to $255.00 and gave the company a “buy” rating in a report on Friday, February 23rd.

FTI Consulting Stock Performance

Shares of NYSE FCN opened at $215.31 on Friday. The firm has a market cap of $7.67 billion, a price-to-earnings ratio of 27.93 and a beta of 0.11. The business’s 50-day simple moving average is $206.71 and its 200-day simple moving average is $205.20. FTI Consulting has a 52 week low of $167.39 and a 52 week high of $232.15.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings data on Thursday, February 22nd. The business services provider reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.71. The business had revenue of $924.68 million for the quarter, compared to analyst estimates of $840.40 million. FTI Consulting had a return on equity of 14.94% and a net margin of 7.88%. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.52 EPS. As a group, equities research analysts forecast that FTI Consulting will post 8.15 earnings per share for the current year.

Insider Buying and Selling at FTI Consulting

In other FTI Consulting news, insider Paul Alderman Linton sold 27,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $206.10, for a total value of $5,564,700.00. Following the sale, the insider now owns 44,284 shares of the company’s stock, valued at approximately $9,126,932.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other FTI Consulting news, insider Paul Alderman Linton sold 27,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $206.10, for a total value of $5,564,700.00. Following the completion of the sale, the insider now owns 44,284 shares in the company, valued at approximately $9,126,932.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Claudio Costamagna sold 7,059 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $209.13, for a total value of $1,476,248.67. Following the completion of the sale, the director now owns 32,860 shares of the company’s stock, valued at approximately $6,872,011.80. The disclosure for this sale can be found here. Insiders have sold 36,715 shares of company stock valued at $7,617,513 in the last 90 days. 3.34% of the stock is currently owned by insiders.

Institutional Trading of FTI Consulting

Hedge funds have recently modified their holdings of the company. Arlington Trust Co LLC bought a new stake in shares of FTI Consulting in the 3rd quarter worth approximately $28,000. Fifth Third Bancorp lifted its position in shares of FTI Consulting by 37.1% during the 3rd quarter. Fifth Third Bancorp now owns 218 shares of the business services provider’s stock worth $39,000 after buying an additional 59 shares during the period. Tompkins Financial Corp bought a new position in shares of FTI Consulting during the 4th quarter worth approximately $40,000. Blue Trust Inc. lifted its position in shares of FTI Consulting by 30.1% during the 4th quarter. Blue Trust Inc. now owns 272 shares of the business services provider’s stock worth $54,000 after buying an additional 63 shares during the period. Finally, Quarry LP bought a new position in shares of FTI Consulting during the 4th quarter worth approximately $56,000. 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.