The Goldman Sachs Group Lowers Outlook for FTI Consulting Stock

FTI Consulting (NYSE:FCN) has faced a reduction in its price target by analysts at The Goldman Sachs Group, who have decreased it from $194.00 to $173.00 in a recent research note published on Friday. This change reflects a cautious outlook for the company, and Goldman Sachs has assigned a "neutral" rating for its stock. This updated price target implies a potential upside of about 7.06% based on the stock's previous close.

Recent Analyst Activity

Other analysts have also expressed their assessments regarding FTI Consulting. StockNews.com upgraded FTI Consulting from a "hold" to a "buy" rating in a report dated November 2nd. Additionally, Truist Financial lowered their price target from $275.00 to $225.00 while still maintaining a "buy" rating on the company.

FTI Consulting Stock Performance

During midday trading on Friday, FTI Consulting shares fell by $1.40, bringing the stock price to $161.59. In total, 256,603 shares were traded compared to the average trading volume of 223,308 shares. Over the past year, the stock has reached a low of $161.24 and a high of $243.60. FTI Consulting's market capitalization stands at $5.81 billion, with a P/E ratio of 18.61 and a beta of 0.15. Its 50-day and 200-day simple moving averages are $192.68 and $207.13, respectively.

Quarterly Earnings Report

FTI Consulting recently released its quarterly earnings data on February 20th. The company reported earnings of $1.56 per share for the quarter, which was below the consensus estimate of $1.73, missing by $0.17. FTI Consulting achieved a net margin of 8.37% and a return on equity of 14.79%. Its revenue for the quarter was $894.92 million, also falling short of the consensus estimate of $913.70 million. Analysts predict that the company will report an average of 8.1 earnings per share for the current year.

Institutional Investor Activity

Several institutional investors have recently made transactions involving FTI Consulting shares. Prospera Private Wealth LLC purchased a new stake in the company, valued at roughly $34,000 during the third quarter. Similarly, Wilmington Savings Fund Society FSB acquired a position worth approximately $35,000 in the same period. GeoWealth Management LLC increased its stake in FTI Consulting by 46.0% during the fourth quarter, bringing their total ownership to 181 shares valued at $35,000 after buying an additional 57 shares. Other notable investors include Quarry LP, which boosted its holdings by 337.8% in the third quarter, and True Wealth Design LLC, which also acquired a new position valued at around $38,000. It is noteworthy that institutional investors and hedge funds collectively own 99.36% of FTI Consulting's stock.

About FTI Consulting

FTI Consulting, Inc. provides a range of business advisory services aimed at helping organizations manage change, mitigate risks, and resolve disputes on a global scale. The company operates through several segments, including Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications. The Corporate Finance & Restructuring segment focuses on business transformation, strategy, transactions, and turnaround services.

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