FTI Consulting (NYSE:FCN) Upgraded by StockNews.com to Buy

StockNews.com upgraded shares of FTI Consulting (NYSE:FCN) from a hold rating to a buy rating in a report published on Wednesday.

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

FTI Consulting Trading Down 0.3 %

Shares of NYSE:FCN opened at $207.12 on Wednesday. FTI Consulting has a 12 month low of $167.39 and a 12 month high of $232.15. The company has a 50-day moving average price of $203.46 and a 200 day moving average price of $203.30. The company has a market cap of $7.36 billion, a price-to-earnings ratio of 26.86 and a beta of 0.11.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings results 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 firm had revenue of $924.68 million during the quarter, compared to the consensus estimate of $840.40 million. FTI Consulting had a net margin of 7.88% and a return on equity of 14.94%. The firm’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.52 EPS. As a group, equities analysts forecast that FTI Consulting will post 8.15 EPS for the current year.

Insider Activity at FTI Consulting

In other FTI Consulting news, Director Brenda J. Bacon acquired 1,120 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were bought at an average cost of $222.96 per share, with a total value of $249,715.20. Following the completion of the acquisition, the director now directly owns 15,292 shares in the company, valued at approximately $3,409,504.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other FTI Consulting news, Director Brenda J. Bacon acquired 1,120 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were bought at an average cost of $222.96 per share, with a total value of $249,715.20. Following the completion of the acquisition, the director now directly owns 15,292 shares in the company, valued at approximately $3,409,504.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Curtis P. Lu sold 2,656 shares of FTI Consulting stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $217.08, for a total transaction of $576,564.48. Following the transaction, the general counsel now directly owns 29,190 shares in the company, valued at $6,336,565.20. The disclosure for this sale can be found here. Insiders have sold a total of 36,715 shares of company stock valued at $7,617,513 over the last ninety days. 3.34% of the stock is owned by company insiders.

Institutional Investors Weigh In On FTI Consulting

Several institutional investors have recently bought and sold shares of FCN. Arlington Trust Co LLC acquired a new stake in FTI Consulting in the third quarter valued at approximately $28,000. Ancora Advisors LLC acquired a new stake in FTI Consulting in the first quarter valued at approximately $32,000. Fifth Third Bancorp boosted its stake in FTI Consulting by 37.1% in the third quarter. Fifth Third Bancorp now owns 218 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 59 shares in the last quarter. Ronald Blue Trust Inc. boosted its stake in FTI Consulting by 533.3% in the third quarter. Ronald Blue Trust Inc. now owns 209 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 176 shares in the last quarter. Finally, Tompkins Financial Corp acquired a new stake in FTI Consulting in the fourth quarter valued at approximately $40,000. 99.36% of the stock is currently owned by institutional investors and hedge funds.

About FTI Consulting

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.