FTI Consulting (FCN) PT Raised to $88.00

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FTI Consulting (NYSE:FCN) had its target price raised by SunTrust Banks to $88.00 in a report released on Tuesday, April 30th, The Fly reports. SunTrust Banks currently has a hold rating on the business services provider’s stock. SunTrust Banks also issued estimates for FTI Consulting’s Q2 2019 earnings at $0.79 EPS, Q3 2019 earnings at $0.77 EPS, Q4 2019 earnings at $0.77 EPS, FY2019 earnings at $3.97 EPS, Q1 2020 earnings at $1.02 EPS, Q2 2020 earnings at $1.03 EPS, Q3 2020 earnings at $0.95 EPS, Q4 2020 earnings at $0.96 EPS and FY2020 earnings at $3.95 EPS.

FCN has been the subject of a number of other reports. ValuEngine upgraded shares of FTI Consulting from a hold rating to a buy rating in a report on Wednesday, January 2nd. Zacks Investment Research cut shares of FTI Consulting from a buy rating to a hold rating in a report on Wednesday, January 30th.

Shares of NYSE FCN opened at $81.61 on Tuesday. The stock has a market cap of $3.06 billion, a PE ratio of 20.40 and a beta of 0.29. FTI Consulting has a 1 year low of $59.06 and a 1 year high of $86.47. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.19.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings data on Thursday, April 25th. The business services provider reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.63. The firm had revenue of $551.27 million during the quarter, compared to analysts’ expectations of $517.69 million. FTI Consulting had a net margin of 8.37% and a return on equity of 13.13%. The business’s revenue was up 10.7% on a year-over-year basis. During the same period last year, the company earned $1.04 earnings per share. As a group, research analysts anticipate that FTI Consulting will post 4.24 EPS for the current fiscal year.

In related news, insider Holly Paul sold 9,574 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $84.41, for a total transaction of $808,141.34. Following the transaction, the insider now directly owns 25,792 shares in the company, valued at $2,177,102.72. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.19% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Texas Permanent School Fund boosted its stake in FTI Consulting by 4.5% in the fourth quarter. Texas Permanent School Fund now owns 25,120 shares of the business services provider’s stock valued at $1,674,000 after acquiring an additional 1,080 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in FTI Consulting by 4.5% in the third quarter. Bank of New York Mellon Corp now owns 494,149 shares of the business services provider’s stock valued at $36,166,000 after acquiring an additional 21,336 shares during the last quarter. BlackRock Inc. boosted its stake in FTI Consulting by 2.4% in the fourth quarter. BlackRock Inc. now owns 5,678,229 shares of the business services provider’s stock valued at $378,396,000 after acquiring an additional 131,504 shares during the last quarter. AQR Capital Management LLC boosted its stake in FTI Consulting by 194.0% in the third quarter. AQR Capital Management LLC now owns 176,771 shares of the business services provider’s stock valued at $12,938,000 after acquiring an additional 116,647 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of FTI Consulting by 6.8% in the third quarter. Vanguard Group Inc. now owns 4,104,681 shares of the business services provider’s stock valued at $300,422,000 after purchasing an additional 261,627 shares during the period. Hedge funds and other institutional investors own 98.15% of the company’s stock.

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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