Brokers Offer Predictions for FTI Consulting Inc.’s Q3 2016 Earnings (FCN)
FTI Consulting Inc. (NYSE:FCN) – Avondale Partners issued their Q3 2016 EPS estimates for shares of FTI Consulting in a report released on Thursday. Avondale Partners analyst R. Reece forecasts that the firm will earn $0.57 per share for the quarter.
A number of other brokerages have also recently weighed in on FCN. Zacks Investment Research cut shares of FTI Consulting from a “buy” rating to a “hold” rating in a research report on Thursday, July 21st. Deutsche Bank AG started coverage on shares of FTI Consulting in a research report on Wednesday, August 17th. They set a “hold” rating and a $44.00 price target on the stock.
FTI Consulting (NYSE:FCN) opened at 43.27 on Monday. FTI Consulting has a 52-week low of $29.91 and a 52-week high of $45.30. The company has a 50 day moving average of $43.75 and a 200-day moving average of $41.32. The stock has a market capitalization of $1.77 billion, a P/E ratio of 23.30 and a beta of 0.29.
In other news, insider Holly Paul sold 598 shares of the business’s stock in a transaction on Friday, September 9th. The shares were sold at an average price of $43.42, for a total transaction of $25,965.16. Following the transaction, the insider now directly owns 5,449 shares of the company’s stock, valued at $236,595.58. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.03% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of FCN. PNC Financial Services Group Inc. boosted its position in FTI Consulting by 176.3% in the second quarter. PNC Financial Services Group Inc. now owns 2,456 shares of the company’s stock worth $101,000 after buying an additional 1,567 shares during the last quarter. LS Investment Advisors LLC boosted its stake in FTI Consulting by 72.2% in the second quarter. LS Investment Advisors LLC now owns 2,524 shares of the company’s stock valued at $103,000 after buying an additional 1,058 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in FTI Consulting during the second quarter valued at about $105,000. Credit Agricole S A bought a new stake in FTI Consulting during the first quarter valued at about $123,000. Finally, Acrospire Investment Management LLC boosted its stake in FTI Consulting by 143.8% in the second quarter. Acrospire Investment Management LLC now owns 3,900 shares of the company’s stock valued at $159,000 after buying an additional 2,300 shares in the last quarter. 93.54% of the stock is currently owned by institutional investors and hedge funds.
About FTI Consulting
FTI Consulting, Inc (FTI Consulting) is a business advisory firm. The Company operates through five segments: Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology and Strategic Communications. Its Corporate Finance & Restructuring segment focuses on strategic, operational, financial and capital needs of businesses around the world.
Receive News & Stock Ratings for FTI Consulting Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FTI Consulting Inc. and related stocks with our FREE daily email newsletter.