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

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

Analysts Set New Price Targets

FCN has been the subject of several research reports. StockNews.com raised FTI Consulting from a “hold” rating to a “buy” rating in a research note on Thursday. Truist Financial decreased their target price 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 decreased their target price on FTI Consulting from $194.00 to $173.00 and set a “neutral” rating for the company in a research report on Friday, February 21st.

FTI Consulting Price Performance

The company has a fifty day moving average of $180.70 and a 200-day moving average of $198.66. The firm has a market capitalization of $5.75 billion, a PE ratio of 20.52 and a beta of 0.14.

FTI Consulting (NYSE:FCN) last announced 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 return on equity of 13.15% and a net margin of 7.57%. The firm had revenue of $894.92 million for the quarter, compared to analysts’ expectations of $913.70 million. Equities analysts anticipate that FTI Consulting, Inc. will post 8.55 EPS for the current year.

Institutional Trading of FTI Consulting

A number of institutional investors and hedge funds have recently made changes to their positions in FCN. Prospera Private Wealth LLC acquired a new stake in shares of FTI Consulting in the third quarter worth about $34,000. Wilmington Savings Fund Society FSB acquired a new position in shares of FTI Consulting during the 3rd quarter worth about $35,000. GeoWealth Management LLC lifted its position in shares of 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 purchasing an additional 57 shares during the last quarter. Quarry LP lifted its position in shares of FTI Consulting by 337.8% during the 3rd quarter. Quarry LP now owns 162 shares of the business services provider’s stock worth $37,000 after purchasing an additional 125 shares during the last quarter. Finally, True Wealth Design LLC acquired a new position in shares of FTI Consulting during the 3rd quarter worth about $38,000. Institutional investors and hedge funds own 99.36% 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 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.