Deutsche Bank AG Reiterates $44.00 Price Target for FTI Consulting Inc. (FCN)
FTI Consulting Inc. (NYSE:FCN) has been assigned a $44.00 target price by stock analysts at Deutsche Bank AG in a research note issued to investors on Tuesday. The brokerage presently has a a “hold” rating on the stock. Deutsche Bank AG’s target price points to a potential upside of 0.27% from the stock’s previous close.
Separately, Zacks Investment Research upgraded shares of FTI Consulting from a “hold” rating to a “strong-buy” rating and set a $51.00 price objective for the company in a report on Monday, July 25th.
FTI Consulting (NYSE:FCN) traded down 0.59% on Tuesday, reaching $43.62. 110,829 shares of the company traded hands. The stock’s 50 day moving average price is $43.61 and its 200 day moving average price is $41.62. The company has a market capitalization of $1.78 billion, a PE ratio of 23.49 and a beta of 0.29. FTI Consulting has a one year low of $29.91 and a one year high of $45.23.
In related news, insider Holly Paul sold 598 shares of the stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $43.42, for a total value of $25,965.16. Following the completion of the transaction, the insider now directly owns 5,449 shares in the company, valued at approximately $236,595.58. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.03% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of FCN. Wellington Management Group LLP raised its position in shares of FTI Consulting by 20.6% in the first quarter. Wellington Management Group LLP now owns 3,057,908 shares of the company’s stock valued at $108,585,000 after buying an additional 521,317 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of FTI Consulting by 1.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,224,322 shares of the company’s stock valued at $43,476,000 after buying an additional 22,024 shares during the last quarter. State Street Corp raised its position in shares of FTI Consulting by 1.0% in the first quarter. State Street Corp now owns 1,258,846 shares of the company’s stock valued at $44,705,000 after buying an additional 11,972 shares during the last quarter. William Blair Investment Management LLC raised its position in shares of FTI Consulting by 6.4% in the second quarter. William Blair Investment Management LLC now owns 371,211 shares of the company’s stock valued at $15,101,000 after buying an additional 22,179 shares during the last quarter. Finally, First Trust Advisors LP raised its position in shares of FTI Consulting by 26.0% in the second quarter. First Trust Advisors LP now owns 35,510 shares of the company’s stock valued at $1,445,000 after buying an additional 7,338 shares during the last quarter. Institutional investors own 93.36% of the company’s stock.
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.
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