FTI Consulting, Inc. (NYSE:FCN) has been assigned a consensus rating of “Hold” from the six analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $44.50.
FCN has been the topic of a number of research reports. Zacks Investment Research lowered FTI Consulting from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. BidaskClub raised FTI Consulting from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 9th. Finally, TheStreet raised FTI Consulting from a “c” rating to a “b” rating in a research report on Thursday, October 26th.
FTI Consulting (NYSE:FCN) traded up 2.03% during mid-day trading on Thursday, reaching $42.75. The company had a trading volume of 525,351 shares. The firm’s 50-day moving average is $36.36 and its 200-day moving average is $35.01. FTI Consulting has a one year low of $31.65 and a one year high of $47.12. The firm has a market capitalization of $1.69 billion, a P/E ratio of 46.77 and a beta of 0.28.
FTI Consulting (NYSE:FCN) last issued its earnings results on Thursday, October 26th. The business services provider reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.24. FTI Consulting had a return on equity of 6.12% and a net margin of 2.70%. The company had revenue of $448.96 million for the quarter, compared to analyst estimates of $446.63 million. During the same period in the prior year, the firm earned $0.52 earnings per share. FTI Consulting’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, equities research analysts anticipate that FTI Consulting will post $2.06 earnings per share for the current fiscal year.
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Several large investors have recently modified their holdings of the company. Amalgamated Bank raised its position in shares of FTI Consulting by 0.6% during the second quarter. Amalgamated Bank now owns 5,870 shares of the business services provider’s stock worth $205,000 after purchasing an additional 37 shares during the period. Northwestern Mutual Investment Management Company LLC grew its holdings in FTI Consulting by 0.8% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 7,155 shares of the business services provider’s stock worth $291,000 after buying an additional 56 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in FTI Consulting by 0.6% during the second quarter. Meeder Asset Management Inc. now owns 17,087 shares of the business services provider’s stock worth $598,000 after buying an additional 98 shares in the last quarter. Comerica Bank grew its holdings in FTI Consulting by 0.8% during the second quarter. Comerica Bank now owns 32,062 shares of the business services provider’s stock worth $1,061,000 after buying an additional 270 shares in the last quarter. Finally, Capstone Asset Management Co. grew its holdings in FTI Consulting by 4.9% during the second quarter. Capstone Asset Management Co. now owns 5,956 shares of the business services provider’s stock worth $208,000 after buying an additional 280 shares in the last quarter. 92.07% of the stock is currently owned by institutional investors.
FTI Consulting Company Profile
FTI Consulting, Inc is a business advisory company. The Company operates through five segments: Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology and Strategic Communications. The Company provides advice and services, such as restructuring (including bankruptcy), capital formation and indebtedness, interim business management, performance improvements, forensic accounting and litigation matters, international arbitrations, mergers and acquisitions (M&A), antitrust and competition matters, securities litigation, electronic discovery (or e-discovery), management and retrieval of electronically stored information (ESI), reputation management and strategic communications.
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