Somewhat Critical News Coverage Somewhat Unlikely to Impact FTI Consulting (FCN) Share Price
Media coverage about FTI Consulting (NYSE:FCN) has been trending somewhat negative this week, according to Accern. Accern identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. FTI Consulting earned a news sentiment score of -0.01 on Accern’s scale. Accern also gave news stories about the business services provider an impact score of 46.2663572310345 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
A number of research firms have issued reports on FCN. Zacks Investment Research lowered FTI Consulting from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. TheStreet raised FTI Consulting from a “c” rating to a “b” rating in a report on Thursday, October 26th.
Shares of FTI Consulting (NYSE:FCN) opened at $42.94 on Wednesday. The stock has a market capitalization of $1,645.80, a P/E ratio of 34.91 and a beta of 0.34. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.41. FTI Consulting has a fifty-two week low of $31.65 and a fifty-two week high of $45.27.
FTI Consulting announced that its Board of Directors has authorized a stock buyback program on Monday, December 4th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the business services provider to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.
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About FTI Consulting
FTI Consulting, Inc is a business advisory company. The Company operates through five segments: Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology and Strategic Communications. The Company provides advice and services, such as restructuring (including bankruptcy), capital formation and indebtedness, interim business management, performance improvements, forensic accounting and litigation matters, international arbitrations, mergers and acquisitions (M&A), antitrust and competition matters, securities litigation, electronic discovery (or e-discovery), management and retrieval of electronically stored information (ESI), reputation management and strategic communications.
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