Truist Financial Has Lowered Expectations for FTI Consulting (NYSE:FCN) Stock Price
FTI Consulting (NYSE:FCN - Get Free Report) had its price target decreased by research analysts at Truist Financial from $275.00 to $225.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the business services provider's stock. Truist Financial's target price indicates a potential upside of 39.24% from the stock's previous close.
Separately, StockNews.com raised FTI Consulting from a "hold" rating to a "buy" rating in a research note on Saturday, November 2nd.
Get Our Latest Report on FTI Consulting
Shares of NYSE:FCN traded down $1.40 during midday trading on Friday, hitting $161.59. The company had a trading volume of 256,603 shares, compared to its average volume of 223,308. FTI Consulting has a 12 month low of $161.24 and a 12 month high of $243.60. The stock has a market cap of $5.81 billion, a price-to-earnings ratio of 18.61 and a beta of 0.15. The firm has a fifty day simple moving average of $192.68 and a 200 day simple moving average of $207.13.
FTI Consulting (NYSE:FCN - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The business services provider reported $1.56 EPS for the quarter, missing the consensus estimate of $1.73 by ($0.17). FTI Consulting had a return on equity of 14.79% and a net margin of 8.37%. The business had revenue of $894.92 million for the quarter, compared to analyst estimates of $913.70 million. Equities analysts forecast that FTI Consulting will post 8.1 EPS for the current fiscal year.
A number of institutional investors have recently modified their holdings of the company. Toronto Dominion Bank lifted its holdings in shares of FTI Consulting by 29.2% in the fourth quarter. Toronto Dominion Bank now owns 5,227 shares of the business services provider's stock valued at $998,000 after purchasing an additional 1,182 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in FTI Consulting by 16.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 120,736 shares of the business services provider's stock worth $23,076,000 after acquiring an additional 16,805 shares in the last quarter. Vista Investment Management raised its holdings in FTI Consulting by 7.3% during the fourth quarter. Vista Investment Management now owns 2,917 shares of the business services provider's stock worth $558,000 after acquiring an additional 199 shares in the last quarter. iSAM Funds UK Ltd bought a new stake in FTI Consulting during the fourth quarter worth about $204,000. Finally, Vident Advisory LLC raised its holdings in FTI Consulting by 15.6% during the fourth quarter. Vident Advisory LLC now owns 3,195 shares of the business services provider's stock worth $611,000 after acquiring an additional 431 shares in the last quarter. 99.36% of the stock is currently owned by institutional investors.
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.
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