FTI Consulting (NYSE:FCN) Reaches New 12-Month High - Here's Why

Key Points

• FTI Consulting shares hit a 52-week high of $202.93, up from the prior close of $198.62.
• The company reported quarterly EPS of $3.84, beating the $2.74 consensus estimate; revenue was $1.01 billion, up 5.9% year over year.
• Analysts’ average rating is “Hold,” with an average price target of $174.50—below the stock’s recent trading price.

FTI Consulting, Inc. (NYSE:FCN - Get Free Report)'s share price reached a new 52-week high during trading on Friday. The stock traded as high as $202.93 and last traded at $202.58, with a volume of 38,468 shares. The stock had previously closed at $198.62.

Analysts Set New Price Targets

A number of research firms have weighed in on FCN. Truist Financial restated a "hold" rating and issued a $180.00 price target (up from $158.00) on shares of FTI Consulting in a report on Monday, November 2nd. Weiss Ratings upgraded shares of FTI Consulting from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Monday, October 26th. Two analysts have rated the stock with a Hold rating. According to MarketBeat.com, FTI Consulting has an average rating of "Hold" and an average price target of $174.50.

FTI Consulting Trading Up 2.2%

The business has a 50 day simple moving average of $155.05 and a two-hundred day simple moving average of $160.68. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.64. The stock has a market cap of $5.53 billion, a price-to-earnings ratio of 25.31 and a beta of -0.15.

FTI Consulting (NYSE:FCN - Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The business services provider reported $3.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.74 by $1.10. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.01 billion. FTI Consulting had a return on equity of 18.41% and a net margin of 5.86%. FTI Consulting's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.60 EPS. As a group, equities analysts anticipate that FTI Consulting, Inc. will post 9.81 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. First Command Advisory Services Inc. acquired a new position in FTI Consulting during the 3rd quarter worth $36,000. Global Retirement Partners LLC acquired a new stake in shares of FTI Consulting in the 2nd quarter valued at about $37,000. Bessemer Group Inc. lifted its position in shares of FTI Consulting by 41.6% during the first quarter. Bessemer Group Inc. now owns 361 shares of the business services provider's stock worth $64,000 after purchasing an additional 106 shares during the last quarter. Steph & Co. lifted its position in shares of FTI Consulting by 113.1% during the third quarter. Steph & Co. now owns 1,010 shares of the business services provider's stock worth $136,000 after purchasing an additional 536 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of FTI Consulting by 92.1% during the third quarter. GAMMA Investing LLC now owns 1,516 shares of the business services provider's stock worth $204,000 after purchasing an additional 727 shares during the last quarter. 99.36% of the stock is currently owned by institutional investors.

About FTI Consulting

FTI Consulting, Inc. is a global business advisory firm that helps organizations address financial, legal, operational, regulatory and reputational challenges. Founded in 1982, the company serves businesses, law firms, government agencies and other organizations. Its services span corporate finance and restructuring, forensic and litigation consulting, economic consulting, technology and strategic communications. Work may include advising on restructuring and transactions, investigating disputes and misconduct, providing expert analysis in legal matters, managing electronic evidence and supporting communications during significant events.

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