FTI Consulting (NYSE:FCN) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of FTI Consulting, Inc. (NYSE:FCN) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $167.39 and traded as high as $180.20. FTI Consulting shares last traded at $174.6250, with a volume of 329,759 shares traded.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of FTI Consulting in a report on Wednesday, December 24th. Wall Street Zen raised FTI Consulting from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. Finally, Truist Financial dropped their price target on FTI Consulting from $178.00 to $165.00 and set a “hold” rating for the company in a research report on Thursday, October 23rd. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $169.00.

FTI Consulting Stock Performance

The stock has a market cap of $5.39 billion, a price-to-earnings ratio of 22.25 and a beta of 0.09. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.85 and a quick ratio of 1.85. The firm has a fifty day moving average of $173.16 and a 200 day moving average of $167.39.

FTI Consulting declared that its Board of Directors has approved a share repurchase program on Tuesday, October 21st that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the business services provider to purchase up to 9.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Institutional Trading of FTI Consulting

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Sequoia Financial Advisors LLC increased its stake in FTI Consulting by 76.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,181 shares of the business services provider’s stock worth $675,000 after buying an additional 1,807 shares during the period. Atlantic Union Bankshares Corp acquired a new position in shares of FTI Consulting in the second quarter worth $73,000. CWA Asset Management Group LLC increased its position in shares of FTI Consulting by 108.5% during the third quarter. CWA Asset Management Group LLC now owns 117,717 shares of the business services provider’s stock worth $19,029,000 after acquiring an additional 61,266 shares during the period. Squarepoint Ops LLC raised its stake in shares of FTI Consulting by 1,039.6% in the second quarter. Squarepoint Ops LLC now owns 31,602 shares of the business services provider’s stock valued at $5,104,000 after acquiring an additional 28,829 shares in the last quarter. Finally, Millington Financial Advisors LLC raised its stake in shares of FTI Consulting by 23.6% in the second quarter. Millington Financial Advisors LLC now owns 11,385 shares of the business services provider’s stock valued at $1,908,000 after acquiring an additional 2,176 shares in the last quarter. Institutional investors and hedge funds own 99.36% of the company’s stock.

About FTI Consulting

FTI Consulting, Inc is a global business advisory firm providing multidisciplinary solutions designed to address complex challenges and strategic opportunities. The company’s primary service offerings encompass corporate finance & restructuring, economic consulting, forensic & litigation consulting, strategic communications, and technology. These capabilities enable clients to manage financial distress, navigate regulatory environments, resolve disputes, build trust with stakeholders, and leverage data-driven insights.

In its corporate finance & restructuring practice, FTI delivers restructuring, interim management, and transaction advisory services to companies facing operational or financial pressures.