FTI Consulting (NYSE:FCN) Downgraded by ValuEngine

ValuEngine cut shares of FTI Consulting (NYSE:FCN) from a sell rating to a strong sell rating in a research report released on Tuesday, ValuEngine reports.

FCN has been the subject of several other reports. SunTrust Banks set a $130.00 price objective on FTI Consulting and gave the company a buy rating in a research note on Friday, October 25th. William Blair reaffirmed a market perform rating on shares of FTI Consulting in a research note on Friday, October 25th. Finally, Sidoti raised their price objective on FTI Consulting from $134.00 to $150.00 and gave the company a buy rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $118.67.

NYSE FCN traded up $0.38 during mid-day trading on Tuesday, hitting $106.45. The stock had a trading volume of 190,739 shares, compared to its average volume of 310,926. FTI Consulting has a 52-week low of $59.06 and a 52-week high of $118.23. The company has a market cap of $4.05 billion, a price-to-earnings ratio of 26.61 and a beta of 0.21. The company has a 50 day simple moving average of $108.76 and a 200 day simple moving average of $96.83. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.30.

FTI Consulting (NYSE:FCN) last released its quarterly earnings data on Thursday, October 24th. The business services provider reported $1.63 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.66. FTI Consulting had a return on equity of 15.79% and a net margin of 9.37%. The firm had revenue of $593.10 million during the quarter, compared to the consensus estimate of $516.48 million. During the same period last year, the business posted $1.00 EPS. FTI Consulting’s quarterly revenue was up 15.6% on a year-over-year basis. As a group, equities analysts anticipate that FTI Consulting will post 5.91 earnings per share for the current fiscal year.

In other FTI Consulting news, CFO Ajay Sabherwal sold 7,458 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $107.08, for a total transaction of $798,602.64. Following the completion of the transaction, the chief financial officer now owns 10,677 shares of the company’s stock, valued at $1,143,293.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Vernon James Ellis sold 4,000 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $106.88, for a total value of $427,520.00. Following the transaction, the director now directly owns 28,093 shares of the company’s stock, valued at approximately $3,002,579.84. The disclosure for this sale can be found here. Company insiders own 2.19% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Northern Trust Corp increased its position in FTI Consulting by 7.3% during the second quarter. Northern Trust Corp now owns 1,244,537 shares of the business services provider’s stock worth $104,342,000 after buying an additional 84,559 shares in the last quarter. Acadian Asset Management LLC increased its position in FTI Consulting by 1.2% during the second quarter. Acadian Asset Management LLC now owns 867,244 shares of the business services provider’s stock worth $72,712,000 after buying an additional 10,408 shares in the last quarter. APG Asset Management N.V. increased its position in FTI Consulting by 56.6% during the second quarter. APG Asset Management N.V. now owns 578,600 shares of the business services provider’s stock worth $42,597,000 after buying an additional 209,100 shares in the last quarter. Scout Investments Inc. purchased a new position in FTI Consulting during the third quarter worth $40,564,000. Finally, Man Group plc increased its position in FTI Consulting by 15.7% during the second quarter. Man Group plc now owns 340,737 shares of the business services provider’s stock worth $28,568,000 after buying an additional 46,309 shares in the last quarter. 96.70% of the stock is 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'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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