FTI Consulting, Inc. (FCN) Receives $43.00 Average Target Price from Brokerages
FTI Consulting, Inc. (NYSE:FCN) has received a consensus recommendation of “Hold” from the six research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $43.00.
A number of equities analysts recently commented on FCN shares. Zacks Investment Research downgraded shares of FTI Consulting from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. BidaskClub downgraded shares of FTI Consulting from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd.
A number of large investors have recently modified their holdings of the stock. Amalgamated Bank raised its stake in FTI Consulting by 0.6% in the second quarter. Amalgamated Bank now owns 5,870 shares of the business services provider’s stock worth $205,000 after buying an additional 37 shares in the last quarter. Northwestern Mutual Investment Management Company LLC grew its holdings in FTI Consulting by 0.8% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 7,155 shares of the business services provider’s stock worth $291,000 after purchasing an additional 56 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in FTI Consulting by 0.6% in the second quarter. Meeder Asset Management Inc. now owns 17,087 shares of the business services provider’s stock worth $598,000 after purchasing an additional 98 shares during the last quarter. Comerica Bank grew its holdings in FTI Consulting by 0.8% in the second quarter. Comerica Bank now owns 32,062 shares of the business services provider’s stock worth $1,061,000 after purchasing an additional 270 shares during the last quarter. Finally, Capstone Asset Management Co. grew its holdings in FTI Consulting by 4.9% in the second quarter. Capstone Asset Management Co. now owns 5,956 shares of the business services provider’s stock worth $208,000 after purchasing an additional 280 shares during the last quarter. 92.28% of the stock is owned by institutional investors.
FTI Consulting (NYSE FCN) traded down 0.16% during mid-day trading on Friday, hitting $36.65. The company had a trading volume of 242,826 shares. The company has a 50 day moving average of $34.29 and a 200 day moving average of $35.48. FTI Consulting has a 1-year low of $31.65 and a 1-year high of $47.12. The firm has a market capitalization of $1.45 billion, a PE ratio of 40.10 and a beta of 0.28.
FTI Consulting (NYSE:FCN) last issued its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.13). The business had revenue of $447.70 million during the quarter, compared to the consensus estimate of $455.55 million. FTI Consulting had a return on equity of 5.18% and a net margin of 2.13%. The business’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period last year, the firm earned $0.66 EPS. Analysts predict that FTI Consulting will post $1.87 earnings per share for the current fiscal year.
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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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