FTI Consulting (NYSE:FCN) Rating Lowered to Hold at ValuEngine

FTI Consulting (NYSE:FCN) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Thursday, ValuEngine reports.

Several other analysts have also commented on the stock. SunTrust Banks set a $120.00 price target on shares of FTI Consulting and gave the company a “buy” rating in a research report on Friday, July 26th. Sidoti increased their price target on shares of FTI Consulting from $99.00 to $117.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd.

Shares of FCN stock traded down $0.93 during mid-day trading on Thursday, hitting $102.78. 237,467 shares of the stock traded hands, compared to its average volume of 307,885. The stock has a market capitalization of $3.92 billion, a PE ratio of 25.70 and a beta of 0.26. The stock’s fifty day moving average price is $90.35. FTI Consulting has a 52-week low of $59.06 and a 52-week high of $106.22. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.20 and a current ratio of 2.20.

FTI Consulting (NYSE:FCN) last released its quarterly earnings results on Thursday, July 25th. The business services provider reported $1.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.78. The business had revenue of $606.12 million during the quarter, compared to analyst estimates of $528.56 million. FTI Consulting had a net margin of 8.98% and a return on equity of 14.42%. The company’s quarterly revenue was up 18.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.14 earnings per share. As a group, sell-side analysts expect that FTI Consulting will post 5.41 earnings per share for the current fiscal year.

In related news, Director Gerard E. Holthaus sold 8,884 shares of the stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $86.82, for a total value of $771,308.88. Following the completion of the transaction, the director now directly owns 77,759 shares of the company’s stock, valued at approximately $6,751,036.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gerard E. Holthaus sold 10,000 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $86.75, for a total transaction of $867,500.00. Following the completion of the transaction, the director now directly owns 77,759 shares of the company’s stock, valued at $6,745,593.25. The disclosure for this sale can be found here. Insiders sold a total of 28,873 shares of company stock valued at $2,667,976 over the last ninety days. 2.19% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the stock. Swiss National Bank lifted its stake in FTI Consulting by 0.6% in the second quarter. Swiss National Bank now owns 70,400 shares of the business services provider’s stock valued at $5,902,000 after buying an additional 400 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in FTI Consulting by 9.1% in the second quarter. Envestnet Asset Management Inc. now owns 8,582 shares of the business services provider’s stock valued at $720,000 after buying an additional 716 shares during the last quarter. Aperio Group LLC lifted its stake in FTI Consulting by 6.6% in the second quarter. Aperio Group LLC now owns 10,938 shares of the business services provider’s stock valued at $917,000 after buying an additional 673 shares during the last quarter. AGF Investments LLC lifted its stake in FTI Consulting by 1,231.3% in the second quarter. AGF Investments LLC now owns 3,834 shares of the business services provider’s stock valued at $321,000 after buying an additional 3,546 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its stake in FTI Consulting by 19.0% in the second quarter. BNP Paribas Arbitrage SA now owns 12,800 shares of the business services provider’s stock valued at $1,073,000 after buying an additional 2,047 shares during the last quarter. 96.20% of the stock is owned by hedge funds and other institutional investors.

FTI Consulting Company Profile

FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company's Corporate Finance & Restructuring segment provides turnaround and restructuring, business transformation, interim management, valuation and financial advisory, transaction, dispute advisory, and tax services, as well as mergers and acquisitions (M&A), and M&A integration services.

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