FTI Consulting (NYSE:FCN – Get Rating) had its target price upped by equities researchers at Truist Financial from $200.00 to $220.00 in a research report issued on Monday, The Fly reports. Truist Financial’s price target would indicate a potential upside of 31.94% from the company’s previous close.
A number of other brokerages have also weighed in on FCN. StockNews.com lowered shares of FTI Consulting from a “buy” rating to a “hold” rating in a research note on Saturday, May 7th. Zacks Investment Research raised shares of FTI Consulting from a “sell” rating to a “hold” rating and set a $170.00 target price for the company in a research note on Wednesday, April 27th.
Shares of FCN stock opened at $166.74 on Monday. FTI Consulting has a 12-month low of $131.50 and a 12-month high of $170.81. The firm has a market capitalization of $5.75 billion, a price-to-earnings ratio of 25.81 and a beta of 0.43. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.20. The firm has a fifty day moving average of $162.67 and a 200-day moving average of $153.57.
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FTI Consulting (NYSE:FCN – Get Rating) last announced its quarterly earnings results on Thursday, April 28th. The business services provider reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.33. FTI Consulting had a net margin of 8.17% and a return on equity of 14.88%. The company had revenue of $723.62 million during the quarter, compared to analyst estimates of $702.83 million. During the same quarter in the previous year, the business earned $1.89 EPS. The firm’s revenue was up 5.4% on a year-over-year basis. Research analysts expect that FTI Consulting will post 6.87 earnings per share for the current year.
In other news, General Counsel Curtis P. Lu sold 4,238 shares of the company’s stock in a transaction dated Thursday, March 10th. The shares were sold at an average price of $145.48, for a total value of $616,544.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.46% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in FCN. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of FTI Consulting during the first quarter worth approximately $3,598,000. Neuberger Berman Group LLC increased its holdings in shares of FTI Consulting by 7.6% during the first quarter. Neuberger Berman Group LLC now owns 1,229,258 shares of the business services provider’s stock worth $193,264,000 after purchasing an additional 86,580 shares during the period. Keeley Teton Advisors LLC bought a new position in shares of FTI Consulting during the first quarter worth approximately $495,000. KB Financial Partners LLC increased its holdings in shares of FTI Consulting by 13.1% during the first quarter. KB Financial Partners LLC now owns 4,861 shares of the business services provider’s stock worth $764,000 after purchasing an additional 563 shares during the period. Finally, Royal Bank of Canada increased its holdings in shares of FTI Consulting by 101.9% during the first quarter. Royal Bank of Canada now owns 4,461 shares of the business services provider’s stock worth $702,000 after purchasing an additional 2,252 shares during the period.
FTI Consulting Company Profile (Get Rating)
FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company operates through five segments: Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications.
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