FTI Consulting (NYSE:FCN) Hits New 1-Year Low – Here’s What Happened

FTI Consulting, Inc. (NYSE:FCN) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $160.00 and last traded at $161.38, with a volume of 180516 shares traded. The stock had previously closed at $163.19.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on FCN. StockNews.com downgraded shares of FTI Consulting from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Truist Financial dropped their price objective on FTI Consulting from $275.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Finally, The Goldman Sachs Group lowered their target price on FTI Consulting from $194.00 to $173.00 and set a “neutral” rating for the company in a research note on Friday, February 21st.

FTI Consulting Trading Down 1.4 %

The business has a 50-day moving average of $185.38 and a two-hundred day moving average of $201.96. The firm has a market cap of $5.78 billion, a P/E ratio of 20.63 and a beta of 0.14.

FTI Consulting (NYSE:FCN) last released its quarterly earnings data 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). FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. The firm had revenue of $894.92 million during the quarter, compared to analyst estimates of $913.70 million. As a group, equities analysts expect that FTI Consulting, Inc. will post 8.55 EPS for the current year.

Hedge Funds Weigh In On FTI Consulting

Large investors have recently modified their holdings of the company. Atria Investments Inc grew its holdings in shares of FTI Consulting by 7.4% in the third quarter. Atria Investments Inc now owns 11,108 shares of the business services provider’s stock valued at $2,528,000 after acquiring an additional 767 shares in the last quarter. Axxcess Wealth Management LLC bought a new position in FTI Consulting in the 3rd quarter valued at $391,000. Crossmark Global Holdings Inc. boosted its stake in FTI Consulting by 176.5% during the third quarter. Crossmark Global Holdings Inc. now owns 6,454 shares of the business services provider’s stock valued at $1,469,000 after buying an additional 4,120 shares during the period. Venturi Wealth Management LLC lifted its position in FTI Consulting by 82.1% during the third quarter. Venturi Wealth Management LLC now owns 335 shares of the business services provider’s stock valued at $76,000 after purchasing an additional 151 shares during the last quarter. Finally, Entropy Technologies LP lifted its stake in FTI Consulting by 32.4% during the third quarter. Entropy Technologies LP now owns 2,450 shares of the business services provider’s stock worth $558,000 after purchasing an additional 600 shares during the last quarter. 99.36% of the stock is currently owned by 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.