FTI Consulting (NYSE:FCN) Upgraded at ValuEngine

ValuEngine upgraded shares of FTI Consulting (NYSE:FCN) from a hold rating to a buy rating in a research note issued to investors on Thursday morning, ValuEngine reports.

Separately, SunTrust Banks restated a hold rating and issued a $125.00 price target on shares of PepsiCo in a research note on Wednesday.

FCN stock opened at $91.94 on Thursday. The stock has a market cap of $3.49 billion, a P/E ratio of 19.99 and a beta of 0.26. FTI Consulting has a 1 year low of $59.06 and a 1 year high of $92.25. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.19. The business has a fifty day moving average price of $84.62.

FTI Consulting (NYSE:FCN) last released its quarterly earnings results on Thursday, April 25th. The business services provider reported $1.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.63. The firm had revenue of $551.27 million for the quarter, compared to the consensus estimate of $517.69 million. FTI Consulting had a return on equity of 13.13% and a net margin of 8.37%. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period last year, the business posted $1.04 EPS. Sell-side analysts expect that FTI Consulting will post 4.39 earnings per share for the current year.

In other news, Director Gerard E. Holthaus sold 10,000 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $86.75, for a total value of $867,500.00. Following the transaction, the director now directly owns 77,759 shares in the company, valued at approximately $6,745,593.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Holly Paul sold 9,574 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $84.41, for a total value of $808,141.34. Following the completion of the transaction, the insider now owns 25,792 shares in the company, valued at $2,177,102.72. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,458 shares of company stock worth $2,446,950. Company insiders own 2.19% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in FCN. New York State Common Retirement Fund boosted its stake in FTI Consulting by 11.4% during the fourth quarter. New York State Common Retirement Fund now owns 58,015 shares of the business services provider’s stock worth $3,866,000 after buying an additional 5,930 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of FTI Consulting by 0.5% in the 4th quarter. Bank of New York Mellon Corp now owns 496,498 shares of the business services provider’s stock valued at $33,086,000 after purchasing an additional 2,349 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of FTI Consulting by 6.1% in the 4th quarter. Great West Life Assurance Co. Can now owns 51,181 shares of the business services provider’s stock valued at $3,147,000 after purchasing an additional 2,927 shares in the last quarter. Hsbc Holdings PLC boosted its stake in shares of FTI Consulting by 257.7% in the 4th quarter. Hsbc Holdings PLC now owns 40,860 shares of the business services provider’s stock valued at $2,724,000 after purchasing an additional 29,438 shares in the last quarter. Finally, California State Teachers Retirement System boosted its stake in shares of FTI Consulting by 2.4% in the 4th quarter. California State Teachers Retirement System now owns 59,520 shares of the business services provider’s stock valued at $3,966,000 after purchasing an additional 1,382 shares in the last quarter. Hedge funds and other institutional investors own 96.76% 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'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.

Featured Article: What is the Quick Ratio?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for FTI Consulting Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FTI Consulting and related companies with MarketBeat.com's FREE daily email newsletter.