FTI Consulting (NYSE:FCN) Raised to Buy at SunTrust Banks

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.



FTI Consulting (NYSE:FCN) last released its quarterly earnings results on Thursday, April 25th. The business services provider reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.63. The business had revenue of $551.27 million for the quarter, compared to analysts’ expectations of $517.69 million. FTI Consulting had a net margin of 8.37% and a return on equity of 13.13%. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.04 earnings per share. Analysts predict that FTI Consulting will post 4.39 earnings per share for the current fiscal year.

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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