FTI Consulting (NYSE:FCN) Sets New 12-Month High – Time to Buy?

Shares of FTI Consulting, Inc. (NYSE:FCN) hit a new 52-week high during trading on Monday. The stock traded as high as $189.34 and last traded at $187.7910, with a volume of 78,798 shares traded. The stock had previously closed at $182.84.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Weiss Ratings raised FTI Consulting from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, October 26th. Truist Financial reaffirmed a “hold” rating and set a $180.00 price objective (up from $158.00) on shares of FTI Consulting in a research report on Monday. Two investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, FTI Consulting currently has an average rating of “Hold” and an average target price of $174.50.

FTI Consulting Stock Up 2.6%

The firm has a fifty day moving average price of $148.68 and a 200 day moving average price of $160.10. The firm has a market capitalization of $5.41 billion, a price-to-earnings ratio of 24.76 and a beta of -0.15. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.64.

FTI Consulting (NYSE:FCN) last issued its earnings results on Thursday, October 29th. The business services provider reported $3.84 EPS for the quarter, beating the consensus estimate of $2.74 by $1.10. FTI Consulting had a net margin of 5.86% and a return on equity of 18.41%. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the firm earned $2.60 earnings per share. The business’s quarterly revenue was up 5.9% on a year-over-year basis. Sell-side analysts anticipate that FTI Consulting, Inc. will post 9.81 EPS for the current fiscal year.

Institutional Trading of FTI Consulting

Several institutional investors have recently added to or reduced their stakes in FCN. BlackRock Inc. purchased a new position in FTI Consulting during the second quarter worth about $408,202,000. Dimensional Fund Advisors LP grew its position in FTI Consulting by 6.9% in the first quarter. Dimensional Fund Advisors LP now owns 921,218 shares of the business services provider’s stock worth $162,836,000 after acquiring an additional 59,524 shares in the last quarter. Quantinno Capital Management LP raised its position in FTI Consulting by 141.6% in the 1st quarter. Quantinno Capital Management LP now owns 256,490 shares of the business services provider’s stock worth $45,340,000 after purchasing an additional 150,348 shares during the period. Neumeier Poma Investment Counsel LLC purchased a new stake in FTI Consulting during the 2nd quarter valued at $44,699,275. Finally, Bank of New York Mellon Corp raised its holdings in FTI Consulting by 2.2% in the 1st quarter. Bank of New York Mellon Corp now owns 209,668 shares of the business services provider’s stock worth $37,063,000 after purchasing an additional 4,603 shares in the last quarter. 99.36% of the stock is currently owned by institutional investors.

About FTI Consulting

FTI Consulting, Inc is a global business advisory firm that helps organizations address complex financial, legal, operational and reputational challenges. The company provides independent expertise to corporations, law firms, financial institutions, government agencies and other organizations involved in major disputes, transactions, investigations, restructurings and regulatory matters.

FTI Consulting operates through several practice areas, including Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology and Strategic Communications.