SunTrust Banks upgraded shares of FTI Consulting (NYSE:FCN) from a hold rating to a buy rating in a research report report published on Wednesday morning, Benzinga reports. SunTrust Banks currently has $84.70 target price on the business services provider’s stock. SunTrust Banks also issued estimates for FTI Consulting’s Q3 2019 earnings at $0.92 EPS, Q4 2019 earnings at $0.93 EPS, FY2019 earnings at $4.28 EPS, Q1 2020 earnings at $1.10 EPS, Q2 2020 earnings at $1.11 EPS, Q3 2020 earnings at $1.09 EPS, Q4 2020 earnings at $1.09 EPS, FY2020 earnings at $4.39 EPS and FY2021 earnings at $4.68 EPS.
Separately, ValuEngine cut shares of W&T Offshore from a hold rating to a sell rating in a report on Friday, April 26th.
NYSE:FCN opened at $91.94 on Wednesday. The company has a market capitalization of $3.49 billion, a PE ratio of 19.99 and a beta of 0.26. The firm has a fifty day moving average of $84.62. FTI Consulting has a twelve month low of $59.06 and a twelve month 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.
In related news, insider Holly Paul sold 9,574 shares of FTI Consulting stock in a transaction on Friday, April 26th. The shares were sold at an average price of $84.41, for a total value of $808,141.34. Following the sale, the insider now owns 25,792 shares in the company, valued at $2,177,102.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gerard E. Holthaus sold 8,884 shares of FTI Consulting stock in a transaction on Friday, June 7th. The shares were sold at an average price of $86.82, for a total transaction of $771,308.88. Following the completion of the sale, the director now owns 77,759 shares in the company, valued at approximately $6,751,036.38. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,458 shares of company stock worth $2,446,950. 2.19% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. Carroll Financial Associates Inc. bought a new stake in FTI Consulting in the second quarter valued at $51,000. Marshall Wace North America L.P. boosted its holdings in FTI Consulting by 27.0% in the first quarter. Marshall Wace North America L.P. now owns 1,323 shares of the business services provider’s stock valued at $101,000 after acquiring an additional 281 shares in the last quarter. Bank of Montreal Can boosted its holdings in FTI Consulting by 6.3% in the first quarter. Bank of Montreal Can now owns 2,058 shares of the business services provider’s stock valued at $159,000 after acquiring an additional 122 shares in the last quarter. Magnus Financial Group LLC bought a new stake in shares of FTI Consulting during the 4th quarter valued at $207,000. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of FTI Consulting during the 1st quarter valued at $253,000. Institutional investors and hedge funds own 96.76% of the company’s stock.
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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