FTI Consulting (NYSE:FCN) Raised to Buy at StockNews.com

FTI Consulting (NYSE:FCN - Get Free Report) was upgraded by investment analysts at StockNews.com from a "hold" rating to a "buy" rating in a report issued on Wednesday.

Separately, Truist Financial upped their price objective on FTI Consulting from $240.00 to $255.00 and gave the company a "buy" rating in a research report on Friday, February 23rd.

FTI Consulting Stock Performance

Shares of FCN stock traded down $0.72 during mid-day trading on Wednesday, hitting $207.12. The company's stock had a trading volume of 101,615 shares, compared to its average volume of 204,218. FTI Consulting has a 52-week low of $167.39 and a 52-week high of $232.15. The business has a 50-day moving average price of $203.46 and a 200 day moving average price of $203.30. The stock has a market cap of $7.36 billion, a price-to-earnings ratio of 26.86 and a beta of 0.11.

FTI Consulting (NYSE:FCN - Get Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The business services provider reported $2.28 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.71. FTI Consulting had a return on equity of 14.94% and a net margin of 7.88%. The firm had revenue of $924.68 million during the quarter, compared to analysts' expectations of $840.40 million. During the same quarter in the previous year, the business earned $1.52 earnings per share. The company's revenue was up 19.4% on a year-over-year basis. Equities research analysts predict that FTI Consulting will post 8.15 EPS for the current fiscal year.

Insider Activity at FTI Consulting

In related news, insider Paul Alderman Linton sold 27,000 shares of the company's stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $206.10, for a total transaction of $5,564,700.00. Following the completion of the sale, the insider now owns 44,284 shares in the company, valued at $9,126,932.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Brenda J. Bacon purchased 1,120 shares of the business's stock in a transaction on Friday, February 23rd. The stock was acquired at an average price of $222.96 per share, with a total value of $249,715.20. Following the completion of the acquisition, the director now owns 15,292 shares of the company's stock, valued at approximately $3,409,504.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul Alderman Linton sold 27,000 shares of the business's stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $206.10, for a total value of $5,564,700.00. Following the sale, the insider now directly owns 44,284 shares of the company's stock, valued at approximately $9,126,932.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,715 shares of company stock worth $7,617,513. 3.34% of the stock is owned by insiders.

Institutional Trading of FTI Consulting

Several hedge funds have recently bought and sold shares of FCN. Perpetual Ltd boosted its stake in shares of FTI Consulting by 22.8% in the first quarter. Perpetual Ltd now owns 18,832 shares of the business services provider's stock worth $3,944,000 after acquiring an additional 3,500 shares during the period. Alaska Permanent Fund Corp boosted its stake in shares of FTI Consulting by 110.1% in the first quarter. Alaska Permanent Fund Corp now owns 51,993 shares of the business services provider's stock worth $10,934,000 after acquiring an additional 27,242 shares during the period. Los Angeles Capital Management LLC bought a new position in shares of FTI Consulting in the first quarter worth about $22,540,000. Kapitalo Investimentos Ltda boosted its stake in shares of FTI Consulting by 76.5% in the fourth quarter. Kapitalo Investimentos Ltda now owns 925 shares of the business services provider's stock worth $184,000 after acquiring an additional 401 shares during the period. Finally, Quadrature Capital Ltd bought a new position in shares of FTI Consulting in the fourth quarter worth about $427,000. Institutional investors own 99.36% of the company's stock.

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.

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