FTI Consulting (FCN) Cut to Hold at Zacks Investment Research

Zacks Investment Research lowered shares of FTI Consulting (NYSE:FCN) from a buy rating to a hold rating in a research note issued to investors on Friday.

According to Zacks, “FTI Consulting’s unique potential to bring together diverse issues like damage assessment, accounting, economics, statistics, finance and industry under a single platform makes it an excellent partner for global clients, thereby generating continued revenue growth from the existing international operations. The company is consistent in rewarding its shareholders in the form of share repurchases. The company's shares outperformed the industry it belongs in the past year. Despite such positives, FTI Consulting’s international operations exposes it to risks associated with foreign exchange rate fluctuations. The company's business also experiences seasonality. Escalating investments on people are likely to increase the costs incurred by FTI Consulting.”

Separately, ValuEngine upgraded FTI Consulting from a hold rating to a buy rating in a report on Wednesday, January 2nd.

Shares of FTI Consulting stock opened at $69.18 on Friday. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.19. The company has a market cap of $2.63 billion, a P/E ratio of 29.82 and a beta of 0.08. FTI Consulting has a 52 week low of $40.80 and a 52 week high of $81.91.

In related news, insider Paul Alderman Linton sold 3,800 shares of the company’s stock in a transaction that occurred on Thursday, December 6th. The stock was sold at an average price of $66.95, for a total transaction of $254,410.00. Following the completion of the transaction, the insider now owns 18,177 shares in the company, valued at $1,216,950.15. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 2.19% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC raised its holdings in shares of FTI Consulting by 214.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 660 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 450 shares in the last quarter. Bank of Montreal Can grew its stake in FTI Consulting by 37.4% in the fourth quarter. Bank of Montreal Can now owns 1,936 shares of the business services provider’s stock worth $128,000 after purchasing an additional 527 shares during the period. AdvisorNet Financial Inc purchased a new stake in FTI Consulting in the fourth quarter worth $131,000. Wakefield Asset Management LLLP purchased a new stake in FTI Consulting in the third quarter worth $250,000. Finally, Yorktown Management & Research Co Inc purchased a new stake in FTI Consulting in the third quarter worth $289,000. Institutional investors own 99.19% 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.

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