FTI Consulting (NYSE:FCN) Shares Gap Up - Time to Buy?

Key Points

• FTI Consulting shares opened sharply higher, rising from a prior close of $140.09 to $147.83, though trading volume was light.
• Analyst sentiment is cautious: Weiss Ratings downgraded the stock to “sell,” while the broader consensus is “Reduce” with a $174.50 price target.
• The company slightly missed quarterly EPS estimates but exceeded revenue expectations, with sales up 5.3% year over year; institutional investors own 99.36% of outstanding shares.

FTI Consulting, Inc. (NYSE:FCN - Get Free Report) shares gapped up before the market opened on Friday. The stock had previously closed at $140.09, but opened at $147.83. FTI Consulting shares last traded at $147.4550, with a volume of 7,658 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings lowered FTI Consulting from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday, October 2nd. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, FTI Consulting has a consensus rating of "Reduce" and a consensus price target of $174.50.

FTI Consulting Stock Down 0.2%

The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.76. The firm has a 50-day moving average price of $145.52 and a two-hundred day moving average price of $156.31. The company has a market capitalization of $4.03 billion, a P/E ratio of 17.67 and a beta of -0.06.

FTI Consulting (NYSE:FCN - Get Free Report) last issued its earnings results on Thursday, July 30th. The business services provider reported $2.16 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.01). FTI Consulting had a return on equity of 15.91% and a net margin of 6.44%. The firm had revenue of $993.46 million during the quarter, compared to the consensus estimate of $992.75 million. During the same period last year, the business earned $2.13 earnings per share. The firm's revenue for the quarter was up 5.3% compared to the same quarter last year. FTI Consulting has set its FY 2026 guidance at 8.700-9.300 EPS. Equities research analysts anticipate that FTI Consulting, Inc. will post 9.25 EPS for the current fiscal year.

Institutional Investors Weigh In On FTI Consulting

Several hedge funds have recently bought and sold shares of FCN. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in FTI Consulting in the 2nd quarter valued at about $28,307,000. Engineers Gate Manager LP acquired a new stake in FTI Consulting during the second quarter worth approximately $1,247,000. Hsbc Holdings PLC grew its stake in shares of FTI Consulting by 331.7% in the 2nd quarter. Hsbc Holdings PLC now owns 31,267 shares of the business services provider's stock valued at $4,671,000 after buying an additional 24,024 shares during the period. Bank of America Corp DE bought a new position in shares of FTI Consulting in the 2nd quarter worth $8,941,000. Finally, Legal & General Group Plc bought a new stake in FTI Consulting during the 2nd quarter worth approximately $6,417,000. 99.36% of the stock is currently owned by institutional investors and hedge funds.

About FTI Consulting

FTI Consulting, Inc is a global business advisory firm that helps organizations address complex financial, operational, regulatory and reputational challenges. Its clients include corporations, law firms, financial institutions, government agencies and other organizations.

The company provides services through practices focused on corporate finance and restructuring, forensic and litigation consulting, economic consulting, technology and strategic communications. Its work includes restructuring advice, investigations, disputes and expert testimony, data and technology services, economic analysis, crisis communications and support for major transactions and regulatory matters.

FTI Consulting serves clients internationally through offices and professionals across North America, Europe, the Middle East, Asia-Pacific and other global markets.

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