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

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

Other equities analysts have also recently issued research reports about the stock. The Goldman Sachs Group reduced their price objective on shares of FTI Consulting from $194.00 to $173.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. Truist Financial downgraded FTI Consulting from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $225.00 to $178.00 in a research report on Wednesday.

FTI Consulting Stock Up 0.0 %

FTI Consulting stock traded up $0.08 during midday trading on Thursday, reaching $161.35. The stock had a trading volume of 455,753 shares, compared to its average volume of 212,720. The firm has a market capitalization of $5.80 billion, a PE ratio of 20.69 and a beta of 0.14. FTI Consulting has a 12 month low of $157.52 and a 12 month high of $243.60. The firm’s 50-day moving average price is $175.14 and its 200 day moving average price is $195.20.

FTI Consulting (NYSE:FCN) last posted its earnings results on Thursday, February 20th. The business services provider reported $1.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($0.17). FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. The company had revenue of $894.92 million for the quarter, compared to analysts’ expectations of $913.70 million. Equities research analysts expect that FTI Consulting will post 8.55 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FCN. FMR LLC increased its holdings in shares of FTI Consulting by 13.6% in the 3rd quarter. FMR LLC now owns 325,680 shares of the business services provider’s stock worth $74,112,000 after buying an additional 38,977 shares during the last quarter. BNP Paribas Financial Markets increased its stake in FTI Consulting by 220.5% in the third quarter. BNP Paribas Financial Markets now owns 9,004 shares of the business services provider’s stock valued at $2,049,000 after acquiring an additional 6,195 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in FTI Consulting by 1.8% during 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 purchasing an additional 135 shares in the last quarter. Captrust Financial Advisors lifted its stake in FTI Consulting by 26.6% during the third 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 last quarter. Finally, Quarry LP boosted 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 worth $37,000 after purchasing an additional 125 shares in the last quarter. 99.36% of the stock is currently owned by institutional investors.

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.