FTI Consulting (NYSE:FCN) Sets New 52-Week Low – Here’s What Happened

FTI Consulting, Inc. (NYSE:FCN)’s share price reached a new 52-week low during trading on Friday . The stock traded as low as $158.88 and last traded at $160.02, with a volume of 1379302 shares changing hands. The stock had previously closed at $161.90.

Analysts Set New Price Targets

Several equities analysts have commented on the company. The Goldman Sachs Group cut their price target on FTI Consulting from $194.00 to $173.00 and set a “neutral” rating for the company in a report on Friday, February 21st. Truist Financial lowered their price objective on FTI Consulting from $275.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Finally, StockNews.com upgraded FTI Consulting from a “hold” rating to a “buy” rating in a research note on Thursday.

FTI Consulting Stock Performance

The firm has a market capitalization of $5.75 billion, a P/E ratio of 20.52 and a beta of 0.14. The stock has a 50-day moving average of $180.70 and a 200 day moving average of $198.66.

FTI Consulting (NYSE:FCN) last released its quarterly earnings results on Thursday, February 20th. The business services provider reported $1.56 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.17). The business had revenue of $894.92 million for the quarter, compared to the consensus estimate of $913.70 million. FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. On average, equities analysts predict that FTI Consulting, Inc. will post 8.55 EPS for the current year.

Institutional Investors Weigh In On FTI Consulting

A number of large investors have recently bought and sold shares of FCN. CIBC Asset Management Inc lifted its holdings in FTI Consulting by 5.4% during the 4th quarter. CIBC Asset Management Inc now owns 1,083 shares of the business services provider’s stock worth $207,000 after buying an additional 55 shares in the last quarter. GeoWealth Management LLC lifted its holdings in FTI Consulting by 46.0% during the 4th quarter. GeoWealth Management LLC now owns 181 shares of the business services provider’s stock worth $35,000 after buying an additional 57 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in FTI Consulting by 2.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 3,435 shares of the business services provider’s stock worth $657,000 after buying an additional 85 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of FTI Consulting by 3.9% in the 4th quarter. Sequoia Financial Advisors LLC now owns 2,389 shares of the business services provider’s stock valued at $457,000 after purchasing an additional 89 shares during the period. Finally, UMB Bank n.a. lifted its stake in shares of FTI Consulting by 59.6% in the 4th quarter. UMB Bank n.a. now owns 265 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 99 shares during the period. 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.