FTI Consulting (NYSE:FCN) Upgraded at ValuEngine

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

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

Shares of FCN stock opened at $91.94 on Thursday. 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 company has a market cap of $3.49 billion, a PE ratio of 19.99 and a beta of 0.26. The company has a 50-day moving average of $84.62. FTI Consulting has a one year low of $59.06 and a one year high of $92.25.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings results on Thursday, April 25th. The business services provider reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.63. The company had revenue of $551.27 million during the quarter, compared to analysts’ expectations of $517.69 million. FTI Consulting had a return on equity of 13.13% and a net margin of 8.37%. FTI Consulting’s revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.04 EPS. Analysts anticipate that FTI Consulting will post 4.39 EPS for the current year.

In other news, Director Gerard E. Holthaus sold 8,884 shares of the company’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $86.82, for a total value of $771,308.88. Following the completion of the sale, the director now directly owns 77,759 shares of the company’s stock, valued at approximately $6,751,036.38. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gerard E. Holthaus sold 10,000 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $86.75, for a total value of $867,500.00. Following the completion of the sale, the director now directly owns 77,759 shares of the company’s stock, valued at $6,745,593.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,458 shares of company stock valued at $2,446,950. 2.19% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in the company. Parametrica Management Ltd bought a new stake in FTI Consulting during the 1st quarter worth approximately $337,000. Nordea Investment Management AB increased its stake in FTI Consulting by 70.9% during the 4th quarter. Nordea Investment Management AB now owns 107,149 shares of the business services provider’s stock worth $7,141,000 after purchasing an additional 44,449 shares in the last quarter. Two Sigma Advisers LP increased its stake in FTI Consulting by 4.3% during the 4th quarter. Two Sigma Advisers LP now owns 77,200 shares of the business services provider’s stock worth $5,145,000 after purchasing an additional 3,155 shares in the last quarter. GAM Holding AG increased its stake in FTI Consulting by 1.9% during the 1st quarter. GAM Holding AG now owns 12,775 shares of the business services provider’s stock worth $981,000 after purchasing an additional 244 shares in the last quarter. Finally, Sawgrass Asset Management LLC bought a new stake in FTI Consulting during the 1st quarter worth approximately $653,000. 96.76% of the stock is 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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