FTI Consulting (NYSE:FCN) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of FTI Consulting (NYSE:FCN) from a hold rating to a buy rating in a research note released on Saturday morning.

Other analysts have also recently issued research reports about the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of FTI Consulting in a research report on Wednesday, October 8th. Truist Financial cut their price target on FTI Consulting from $178.00 to $165.00 and set a “hold” rating for the company in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, FTI Consulting currently has a consensus rating of “Hold” and an average price target of $169.00.

FTI Consulting Stock Up 2.5%

Shares of FTI Consulting stock opened at $170.79 on Friday. FTI Consulting has a twelve month low of $149.31 and a twelve month high of $204.76. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.29. The company’s 50 day moving average is $162.13 and its 200 day moving average is $164.06. The company has a market cap of $5.27 billion, a price-to-earnings ratio of 21.76 and a beta of 0.11.

FTI Consulting (NYSE:FCN) last posted its earnings results on Thursday, October 23rd. The business services provider reported $2.60 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $0.67. The business had revenue of $956.17 million during the quarter, compared to the consensus estimate of $941.19 million. FTI Consulting had a net margin of 7.20% and a return on equity of 14.49%. The firm’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.85 EPS. FTI Consulting has set its FY 2025 guidance at 8.200-8.70 EPS. Research analysts anticipate that FTI Consulting will post 8.55 EPS for the current year.

FTI Consulting declared that its Board of Directors has approved a share buyback program on Tuesday, October 21st that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to repurchase up to 9.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In related news, CEO Steven Henry Gunby purchased 7,500 shares of the business’s stock in a transaction on Friday, October 24th. The stock was acquired at an average price of $151.12 per share, with a total value of $1,133,400.00. Following the completion of the acquisition, the chief executive officer owned 294,007 shares of the company’s stock, valued at approximately $44,430,337.84. This trade represents a 2.62% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.79% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Norges Bank bought a new position in shares of FTI Consulting during the 2nd quarter valued at approximately $65,039,000. Jacobs Levy Equity Management Inc. lifted its holdings in FTI Consulting by 1,668.1% during the first quarter. Jacobs Levy Equity Management Inc. now owns 310,157 shares of the business services provider’s stock valued at $50,891,000 after purchasing an additional 292,615 shares in the last quarter. Invesco Ltd. boosted its position in shares of FTI Consulting by 435.9% in the second quarter. Invesco Ltd. now owns 303,750 shares of the business services provider’s stock worth $49,056,000 after purchasing an additional 247,066 shares during the period. Two Sigma Investments LP boosted its position in shares of FTI Consulting by 936.0% in the third quarter. Two Sigma Investments LP now owns 212,385 shares of the business services provider’s stock worth $34,332,000 after purchasing an additional 191,885 shares during the period. Finally, Capital Research Global Investors purchased a new stake in shares of FTI Consulting in the third quarter worth $23,862,000. 99.36% of the stock is owned by hedge funds and other institutional investors.

FTI Consulting Company Profile

FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company operates through Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications segments. The Corporate Finance & Restructuring segment provides business transformation and strategy, transactions, and turnaround and restructuring services.