FTI Consulting (FCN) Stock Rating Upgraded by ValuEngine
ValuEngine upgraded shares of FTI Consulting (NYSE:FCN) from a hold rating to a buy rating in a report issued on Friday.
Other research analysts have also issued reports about the company. TheStreet upgraded FTI Consulting from a c rating to a b rating in a report on Thursday, October 26th. Zacks Investment Research upgraded FTI Consulting from a hold rating to a buy rating and set a $48.00 target price on the stock in a report on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $45.50.
FTI Consulting (NYSE:FCN) traded up $1.27 during trading hours on Friday, hitting $48.26. The stock had a trading volume of 437,371 shares, compared to its average volume of 248,539. FTI Consulting has a 1-year low of $31.65 and a 1-year high of $49.41. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.94 and a quick ratio of 2.15. The company has a market cap of $1,759.19, a price-to-earnings ratio of 16.99 and a beta of 0.36.
FTI Consulting declared that its board has authorized a stock buyback program on Monday, December 4th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the business services provider to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.
A number of hedge funds have recently bought and sold shares of FCN. Wells Fargo & Company MN lifted its holdings in FTI Consulting by 14.8% during the second quarter. Wells Fargo & Company MN now owns 33,607 shares of the business services provider’s stock worth $1,175,000 after acquiring an additional 4,343 shares in the last quarter. State Street Corp lifted its holdings in FTI Consulting by 3.5% during the second quarter. State Street Corp now owns 1,349,945 shares of the business services provider’s stock worth $47,192,000 after acquiring an additional 45,366 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in FTI Consulting by 1.1% during the second quarter. The Manufacturers Life Insurance Company now owns 90,917 shares of the business services provider’s stock worth $3,178,000 after acquiring an additional 1,033 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in FTI Consulting by 12.8% during the second quarter. Public Employees Retirement System of Ohio now owns 4,698 shares of the business services provider’s stock worth $164,000 after acquiring an additional 533 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in FTI Consulting by 15.2% during the third quarter. First Trust Advisors LP now owns 47,563 shares of the business services provider’s stock worth $1,688,000 after acquiring an additional 6,289 shares in the last quarter. Hedge funds and other institutional investors own 93.45% 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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