FTI Consulting’s (FCN) “Buy” Rating Reaffirmed at SunTrust Banks
SunTrust Banks reissued their buy rating on shares of FTI Consulting (NYSE:FCN) in a report released on Friday morning, The Fly reports. SunTrust Banks currently has a $155.00 target price on the business services provider’s stock.
A number of other research analysts have also recently issued reports on the stock. William Blair reiterated a market perform rating on shares of FTI Consulting in a report on Friday, October 25th. ValuEngine cut shares of FTI Consulting from a sell rating to a strong sell rating in a report on Tuesday, November 5th. Finally, Sidoti lifted their price objective on shares of FTI Consulting from $121.00 to $134.00 and gave the company a buy rating in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $121.67.
Shares of NYSE FCN traded up $1.48 during mid-day trading on Friday, reaching $117.84. 246,983 shares of the company’s stock traded hands, compared to its average volume of 198,182. The stock has a market cap of $4.43 billion, a P/E ratio of 29.46 and a beta of 0.21. The business has a 50-day simple moving average of $112.30 and a 200 day simple moving average of $106.37. FTI Consulting has a 1-year low of $65.47 and a 1-year high of $119.07. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.00 and a quick ratio of 2.00.
In related news, Director Gerard E. Holthaus sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $111.69, for a total transaction of $558,450.00. 2.19% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC lifted its position in shares of FTI Consulting by 41.2% during the third quarter. Tower Research Capital LLC TRC now owns 706 shares of the business services provider’s stock valued at $75,000 after purchasing an additional 206 shares in the last quarter. IFP Advisors Inc lifted its position in shares of FTI Consulting by 244.9% during the fourth quarter. IFP Advisors Inc now owns 338 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 240 shares in the last quarter. Huntington National Bank lifted its position in shares of FTI Consulting by 91.4% during the third quarter. Huntington National Bank now owns 580 shares of the business services provider’s stock valued at $61,000 after purchasing an additional 277 shares in the last quarter. Flagship Harbor Advisors LLC lifted its position in shares of FTI Consulting by 243.4% during the third quarter. Flagship Harbor Advisors LLC now owns 498 shares of the business services provider’s stock valued at $52,000 after purchasing an additional 353 shares in the last quarter. Finally, Zacks Investment Management lifted its position in shares of FTI Consulting by 2.6% during the second quarter. Zacks Investment Management now owns 14,513 shares of the business services provider’s stock valued at $1,217,000 after purchasing an additional 366 shares in the last quarter. 96.75% of the stock is currently owned by institutional investors.
FTI Consulting Company Profile
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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