FTI Consulting, Inc. (NYSE:FCN) was upgraded by investment analysts at TheStreet from a “c” rating to a “b” rating in a report released on Thursday, October 26th.
Several other research firms have also recently commented on FCN. Zacks Investment Research downgraded FTI Consulting from a “hold” rating to a “sell” rating in a report on Friday, July 28th. BidaskClub raised FTI Consulting from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $44.33.
Shares of FTI Consulting (NYSE:FCN) opened at $42.20 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.15 and a current ratio of 2.15. The stock has a market capitalization of $1,601.77, a price-to-earnings ratio of 23.32 and a beta of 0.31. FTI Consulting has a one year low of $31.65 and a one year high of $47.12.
FTI Consulting (NYSE:FCN) last issued its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.24. FTI Consulting had a return on equity of 6.12% and a net margin of 2.70%. The business had revenue of $448.96 million during the quarter, compared to analysts’ expectations of $446.63 million. During the same period in the previous year, the firm posted $0.52 earnings per share. The company’s revenue was up 2.5% on a year-over-year basis. equities analysts expect that FTI Consulting will post 2.06 EPS for the current year.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. California Public Employees Retirement System grew its holdings in shares of FTI Consulting by 2.1% in the 2nd quarter. California Public Employees Retirement System now owns 111,892 shares of the business services provider’s stock worth $3,912,000 after acquiring an additional 2,300 shares during the period. BlackRock Inc. grew its holdings in shares of FTI Consulting by 16,640.5% in the 1st quarter. BlackRock Inc. now owns 4,414,475 shares of the business services provider’s stock worth $181,743,000 after acquiring an additional 4,388,105 shares during the period. BNP Paribas Arbitrage SA grew its holdings in shares of FTI Consulting by 140.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 22,235 shares of the business services provider’s stock worth $777,000 after acquiring an additional 12,983 shares during the period. Thompson Siegel & Walmsley LLC grew its holdings in shares of FTI Consulting by 75.6% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 535,634 shares of the business services provider’s stock worth $18,726,000 after acquiring an additional 230,549 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in FTI Consulting by 13.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 218,270 shares of the business services provider’s stock valued at $7,630,000 after buying an additional 26,107 shares in the last quarter. Institutional investors own 95.65% of the company’s stock.
About FTI Consulting
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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