FTI Consulting (NYSE:FCN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “FTI Consulting has elected few highly qualified executive officers for improving its operational performance in the long term. Acquisitions on a global basis in high-growth segments and significant investments in technology are likely to fuel growth. FTI Consulting’s unique capabilities of bringing together diverse fields under a single umbrella make it an excellent partner for global clients dealing with international arbitration issues. FTI Consulting has also outperformed the industry in the last three months. However, clients’ spending patterns have remained cautious, given the lack of visibility regarding the impact of future tax and regulatory policies. The company is likely to be stifled by the renegotiated deals and restrictions imposed on trade with other European Union members. Brexit could further result in higher tariff and non-tariff barriers to trade between the U.K. and the European Union, lowering its productivity.”

Separately, TheStreet upgraded FTI Consulting from a “c” rating to a “b” rating in a research note on Thursday, October 26th.

Shares of FTI Consulting (FCN) traded up $0.51 during midday trading on Tuesday, reaching $43.42. The company had a trading volume of 199,200 shares, compared to its average volume of 251,836. FTI Consulting has a 52-week low of $31.65 and a 52-week high of $45.27. The firm has a market cap of $1,630.00, a P/E ratio of 35.30 and a beta of 0.34. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.41.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.24. The firm had revenue of $448.96 million during the quarter, compared to the consensus estimate of $446.63 million. FTI Consulting had a return on equity of 6.12% and a net margin of 2.70%. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.52 EPS. equities analysts predict that FTI Consulting will post 2.06 earnings per share for the current fiscal year.

FTI Consulting announced that its Board of Directors has authorized a stock repurchase plan on Monday, December 4th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the business services provider to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Institutional investors have recently made changes to their positions in the company. California Public Employees Retirement System grew its stake in shares of FTI Consulting by 2.1% during the second quarter. California Public Employees Retirement System now owns 111,892 shares of the business services provider’s stock valued at $3,912,000 after acquiring an additional 2,300 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of FTI Consulting by 13.6% during the second quarter. Ameriprise Financial Inc. now owns 218,270 shares of the business services provider’s stock valued at $7,630,000 after acquiring an additional 26,107 shares in the last quarter. Boston Partners grew its stake in shares of FTI Consulting by 2.7% during the third quarter. Boston Partners now owns 557,161 shares of the business services provider’s stock valued at $19,768,000 after acquiring an additional 14,747 shares in the last quarter. Segall Bryant & Hamill LLC grew its stake in shares of FTI Consulting by 6.4% during the third quarter. Segall Bryant & Hamill LLC now owns 264,584 shares of the business services provider’s stock valued at $9,387,000 after acquiring an additional 16,016 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in shares of FTI Consulting by 11.7% during the second quarter. Legal & General Group Plc now owns 60,299 shares of the business services provider’s stock valued at $2,106,000 after acquiring an additional 6,331 shares in the last quarter. Institutional investors own 97.19% of the company’s stock.

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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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