BlackRock Fund Advisors has recently announced that it has increased stake in FTI Consulting Inc. (NYSE:FCN) by 0.86%. After grabbing 2.69 million shares, the institutional investor is now in possession of 22813.0 shares of the Industrials Company. The new investment brought the stake of investor firm to 7.81% having worth around $426.87 million. Moreover, Neuberger Berman Investment Advis increased its share by 39072.0 to have a control over 1.24 million shares. And Fidelity Management & Research Co raised its holdings to 239.0 shares by acquiring 1.01 million shares or 2.95% of the stake.
FTI Consulting Inc. (FCN) concluded trading on 01/18/23 at a closing price of $155.14, with 0.46 million shares of worth about $70.86 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -17.21% during that period and on Wednesday the price saw a loss of about -4.99%. Currently the company’s common shares owned by public are about 33.81M shares, out of which, 33.57M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 3 analysts are covering the FCN stock and their offered price forecasts bring an average price target of $193.50. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $220.00 and could fall to a lowest price of $167.00. The stock’s current price level is 19.82% above of average price target set by the analysts, while a rise to estimated low would result in gain of 7.1% for the stock. However, touching the estimated high of $220.00 would mean a gain of 29.48% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 51 times over the past 12 months. They bought 114,581 shares in 23 of the transactions. In 28 selling transactions, insiders dumped 36,391 shares.
Mawer Global Equity Fund, iShares Core S&P Mid Cap ETF, and Vanguard Total Stock Market Index are the top 3 mutual funds which are holding stakes in FTI Consulting Inc. Mawer Global Equity Fund is currently holding 1.6 million shares of worth totaling $253.95 million. The company recently came buying 96800.0 shares which brought its stake up to 4.65% of the company’s outstanding shares. iShares Core S&P Mid Cap ETF sold 202.0 shares, after which its hold over company’s outstanding shares shrunk to 3.09%, leaving 1.06 million shares with the mutual fund that have a worth of about $168.65 million. Vanguard Total Stock Market Index, after buying 0.99 million shares, have now control over 2.86% of the stake in the company. It holds 1053.0 shares of worth $156.57 million.
FTI Consulting Inc. (NYSE: FCN) started trading at $163.60, above $0.31 from concluding price of the previous day. However, the stock later moved at a day high price of 163.62, or with a loss of -4.99%. Stock saw a price change of -3.72% in past 5 days and over the past one month there was a price change of -1.45%. Year-to-date (YTD), FCN shares are showing a performance of -2.30% which increased to 2.54% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $132.36 but also hit the highest price of $190.43 during that period. The average intraday trading volume for FTI Consulting Inc. shares is 315.60K. The stock is currently trading -2.36% below its 20-day simple moving average (SMA20), while that difference is down -4.99% for SMA50 and it goes to -6.75% lower than SMA200.
BlackRock Fund Advisors acquired 2.69 million shares of FTI Consulting Inc. having value of about $426.87 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 22813.0 shares in the company valued at close to $3539208.82, or have control over 0.86% stake in the company. Holding of mutual funds in the company is about 38.18% while other institutional holders and individual stake holders have control over 66.03% and 18.31% of the stake respectively.
The stock has a current market capitalization of $5.29B and its 3Y-monthly beta is at 0.28. PE ratio of stock for trailing 12 months is 24.54, while it has posted earnings per share of $6.32 in the same period. Its PEG reads 3.12 and has Quick Ratio of 2.10 while making debt-to-equity ratio of 0.19. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FCN, volatility over the week remained 2.70% while standing at 2.20% over the month.
Analysts are in expectations that FTI Consulting Inc. (FCN) stock would likely to be making an EPS of $1.49 in the current quarter, while forecast for next quarter EPS is $1.76 and it is $7.82 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.35 which is $1.64 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.13 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 17.20% while it is estimated to increase by 10.98% in next year. EPS is likely to shrink at an annualized rate of 7.87% for next 5-years, compared to annual growth of 26.50% made by the stock over the past 5-years.
Analysts at 3 brokerage firms have issued recommendations for the FTI Consulting Inc. (FCN)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 3 Wall Street analysts, 2 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Goldman on January 11, 2023 offering a Neutral rating for the stock and assigned a target price of $167 to it. Stock get a Buy rating from SunTrust on July 10, 2019.