FTI Consulting (NYSE:FCN) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

FTI Consulting, Inc. (NYSE:FCN) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $167.39 and traded as high as $180.20. FTI Consulting shares last traded at $174.6250, with a volume of 329,759 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of FTI Consulting in a research note on Wednesday, December 24th. Wall Street Zen upgraded shares of FTI Consulting from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Finally, Truist Financial dropped their target price on FTI Consulting from $178.00 to $165.00 and set a “hold” rating for the company in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $169.00.

FTI Consulting Stock Down 0.1%

The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.29. The stock’s 50-day moving average price is $173.36 and its 200-day moving average price is $167.44. The company has a market cap of $5.39 billion, a P/E ratio of 22.23 and a beta of 0.09.

FTI Consulting announced that its board has approved a stock buyback plan on Tuesday, October 21st that permits the company to buyback $500.00 million in shares. This buyback authorization permits the business services provider to buy up to 9.9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Institutional Investors Weigh In On FTI Consulting

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Sequoia Financial Advisors LLC boosted its holdings in shares of FTI Consulting by 76.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,181 shares of the business services provider’s stock worth $675,000 after buying an additional 1,807 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new position in shares of FTI Consulting in the second quarter worth about $73,000. CWA Asset Management Group LLC raised its holdings in FTI Consulting by 108.5% during the 3rd quarter. CWA Asset Management Group LLC now owns 117,717 shares of the business services provider’s stock valued at $19,029,000 after acquiring an additional 61,266 shares during the period. Squarepoint Ops LLC lifted its holdings in FTI Consulting by 1,039.6% during the 2nd quarter. Squarepoint Ops LLC now owns 31,602 shares of the business services provider’s stock worth $5,104,000 after purchasing an additional 28,829 shares in the last quarter. Finally, Millington Financial Advisors LLC grew its stake in FTI Consulting by 23.6% during the second quarter. Millington Financial Advisors LLC now owns 11,385 shares of the business services provider’s stock valued at $1,908,000 after acquiring an additional 2,176 shares in the last quarter. 99.36% of the stock is owned by institutional investors.

FTI Consulting Company Profile

FTI Consulting, Inc is a global business advisory firm providing multidisciplinary solutions designed to address complex challenges and strategic opportunities. The company’s primary service offerings encompass corporate finance & restructuring, economic consulting, forensic & litigation consulting, strategic communications, and technology. These capabilities enable clients to manage financial distress, navigate regulatory environments, resolve disputes, build trust with stakeholders, and leverage data-driven insights.

In its corporate finance & restructuring practice, FTI delivers restructuring, interim management, and transaction advisory services to companies facing operational or financial pressures.