FTI Consulting’s (FCN) “Hold” Rating Reiterated at Truist Financial

Truist Financial reiterated their hold rating on shares of FTI Consulting (NYSE:FCN) in a report published on Monday,Benzinga reports. Truist Financial currently has a $180.00 price objective on the business services provider’s stock, up from their previous price objective of $158.00.

Separately, Weiss Ratings raised FTI Consulting from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, October 26th. Two investment analysts have rated the stock with a Hold rating. According to data from MarketBeat, FTI Consulting currently has an average rating of “Hold” and an average target price of $174.50.

FTI Consulting Price Performance

FCN stock opened at $198.61 on Monday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.72 and a current ratio of 1.72. The business has a 50-day simple moving average of $149.62 and a two-hundred day simple moving average of $160.20. The company has a market capitalization of $5.41 billion, a P/E ratio of 20.00 and a beta of -0.15. FTI Consulting has a 52-week low of $129.12 and a 52-week high of $200.96.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings data on Thursday, October 29th. The business services provider reported $3.84 EPS for the quarter, topping the consensus estimate of $2.74 by $1.10. FTI Consulting had a return on equity of 18.41% and a net margin of 5.86%. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the business posted $2.60 earnings per share. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. Research analysts expect that FTI Consulting will post 9.81 EPS for the current fiscal year.

Hedge Funds Weigh In On FTI Consulting

Several hedge funds have recently modified their holdings of FCN. Global Retirement Partners LLC purchased a new stake in FTI Consulting during the second quarter worth about $37,000. Rockefeller Capital Management L.P. raised its position in FTI Consulting by 405.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 263 shares of the business services provider’s stock worth $45,000 after acquiring an additional 211 shares during the period. Bessemer Group Inc. raised its position in FTI Consulting by 41.6% in the first quarter. Bessemer Group Inc. now owns 361 shares of the business services provider’s stock worth $64,000 after acquiring an additional 106 shares during the period. Steph & Co. boosted its stake in FTI Consulting by 113.1% in the third quarter. Steph & Co. now owns 1,010 shares of the business services provider’s stock valued at $136,000 after acquiring an additional 536 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in FTI Consulting in the first quarter valued at about $218,000. Institutional investors own 99.36% of the company’s stock.

FTI Consulting Company Profile

FTI Consulting, Inc is a global business advisory firm that helps organizations address complex financial, legal, operational and reputational challenges. The company provides independent expertise to corporations, law firms, financial institutions, government agencies and other organizations involved in major disputes, transactions, investigations, restructurings and regulatory matters.

FTI Consulting operates through several practice areas, including Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology and Strategic Communications.