FTI Consulting (NYSE:FCN) Reaches New 12-Month High – Here’s Why

FTI Consulting, Inc. (NYSE:FCN) hit a new 52-week high during mid-day trading on Friday. The stock traded as high as $202.93 and last traded at $202.58, with a volume of 38,468 shares trading hands. The stock had previously closed at $198.62.

Analyst Upgrades and Downgrades

A number of research analysts have commented on FCN shares. Weiss Ratings raised FTI Consulting from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, October 26th. Truist Financial reiterated a “hold” rating and issued a $180.00 target price (up from $158.00) on shares of FTI Consulting in a research report on Monday, November 2nd. Two research analysts have rated the stock with a Hold rating. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $174.50.

FTI Consulting Stock Performance

The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.64. The stock has a 50 day simple moving average of $155.05 and a 200 day simple moving average of $160.68. The company has a market capitalization of $5.53 billion, a price-to-earnings ratio of 25.31 and a beta of -0.15.

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

Institutional Investors Weigh In On FTI Consulting

Several large investors have recently added to or reduced their stakes in FCN. First Command Advisory Services Inc. acquired a new stake in FTI Consulting in the third quarter worth $36,000. Global Retirement Partners LLC acquired a new position in shares of FTI Consulting during the second quarter valued at $37,000. Bessemer Group Inc. boosted its holdings in shares of FTI Consulting by 41.6% during the first quarter. Bessemer Group Inc. now owns 361 shares of the business services provider’s stock valued at $64,000 after acquiring an additional 106 shares during the period. Steph & Co. grew its position in shares of FTI Consulting by 113.1% during the third quarter. Steph & Co. now owns 1,010 shares of the business services provider’s stock worth $136,000 after acquiring an additional 536 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of FTI Consulting by 92.1% during the third quarter. GAMMA Investing LLC now owns 1,516 shares of the business services provider’s stock worth $204,000 after acquiring an additional 727 shares during the last quarter. 99.36% of the stock is owned by institutional investors and hedge funds.

About FTI Consulting

FTI Consulting, Inc. is a global business advisory firm that helps organizations address financial, legal, operational, regulatory and reputational challenges. Founded in 1982, the company serves businesses, law firms, government agencies and other organizations. Its services span corporate finance and restructuring, forensic and litigation consulting, economic consulting, technology and strategic communications. Work may include advising on restructuring and transactions, investigating disputes and misconduct, providing expert analysis in legal matters, managing electronic evidence and supporting communications during significant events.