FTI Consulting (NYSE:FCN) Reaches New 1-Year Low – Time to Sell?

FTI Consulting, Inc. (NYSE:FCN)’s stock price 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 changing hands. The stock had previously closed at $161.90.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. StockNews.com raised shares of FTI Consulting from a “hold” rating to a “buy” rating in a research report on Thursday. Truist Financial decreased their target price on shares of FTI Consulting from $275.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Finally, The Goldman Sachs Group dropped their price target on shares of FTI Consulting from $194.00 to $173.00 and set a “neutral” rating on the stock in a research note on Friday, February 21st.

FTI Consulting Price Performance

The stock has a market cap of $5.75 billion, a price-to-earnings ratio of 20.52 and a beta of 0.14. The business has a fifty day moving average of $181.35 and a 200 day moving average of $199.30.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings results on Thursday, February 20th. The business services provider reported $1.56 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 business had revenue of $894.92 million for the quarter, compared to analyst estimates of $913.70 million. On average, analysts expect that FTI Consulting, Inc. will post 8.55 EPS for the current year.

Institutional Trading of FTI Consulting

Several large investors have recently made changes to their positions in FCN. CIBC Asset Management Inc lifted its holdings in FTI Consulting by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 1,083 shares of the business services provider’s stock worth $207,000 after purchasing an additional 55 shares during the last quarter. GeoWealth Management LLC raised its position in shares of FTI Consulting by 46.0% in the fourth quarter. GeoWealth Management LLC now owns 181 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 57 shares during the period. Exchange Traded Concepts LLC lifted its stake in shares of FTI Consulting by 2.5% in the fourth 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 during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of FTI Consulting by 3.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 2,389 shares of the business services provider’s stock worth $457,000 after buying an additional 89 shares during the period. Finally, UMB Bank n.a. grew its stake in 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 buying an additional 99 shares during the last quarter. Institutional investors own 99.36% of the company’s stock.

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.