FTI Consulting (NYSE:FCN) Given New $173.00 Price Target at The Goldman Sachs Group

FTI Consulting (NYSE:FCN) had its price objective lowered by The Goldman Sachs Group from $194.00 to $173.00 in a report issued on Friday morning,Benzinga reports. The firm currently has a neutral rating on the business services provider’s stock.

FCN has been the subject of several other reports. Truist Financial lowered their price objective on FTI Consulting from $275.00 to $225.00 and set a “buy” rating for the company in a research note on Friday. StockNews.com raised FTI Consulting from a “hold” rating to a “buy” rating in a research note on Saturday, November 2nd.

FTI Consulting Stock Performance

Shares of NYSE:FCN opened at $164.51 on Friday. The business’s 50 day simple moving average is $192.00 and its two-hundred day simple moving average is $206.78. The firm has a market cap of $5.91 billion, a P/E ratio of 18.91 and a beta of 0.15. FTI Consulting has a 52-week low of $161.24 and a 52-week high of $243.60.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings results on Thursday, February 20th. The business services provider reported $1.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($0.17). The firm had revenue of $894.92 million during the quarter, compared to the consensus estimate of $913.70 million. FTI Consulting had a return on equity of 14.79% and a net margin of 8.37%. On average, equities analysts forecast that FTI Consulting will post 8.1 earnings per share for the current fiscal year.

Institutional Trading of FTI Consulting

Institutional investors and hedge funds have recently modified their holdings of the business. Prospera Private Wealth LLC purchased a new stake in shares of FTI Consulting during the third quarter valued at approximately $34,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of FTI Consulting during the third quarter valued at approximately $35,000. GeoWealth Management LLC grew its holdings in FTI Consulting by 46.0% during the fourth quarter. GeoWealth Management LLC now owns 181 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 57 shares during the period. Quarry LP grew its holdings in FTI Consulting by 337.8% during the third quarter. Quarry LP now owns 162 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 125 shares during the period. Finally, True Wealth Design LLC bought a new position in FTI Consulting during the third quarter valued at $38,000. 99.36% of the stock is owned by hedge funds and other institutional investors.

About FTI Consulting

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.