Investment analysts at Northland Securities dropped their target price on shares of FTI Consulting (NYSE: FCN) from $50.00 to $35.00 in a note issued to investors on Thursday. The firm currently has a “market perform” rating on the stock.
Shares of FTI Consulting traded down 1.29% during mid-day trading on Thursday, hitting $31.45. FTI Consulting has a 52 week low of $33.46 and a 52 week high of $45.00. The company has a market cap of $1.269 billion and a P/E ratio of 13.21.
FTI Consulting last announced its earnings results on Wednesday, May 9th. The company reported $0.43 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.61 by $0.18. FTI Consulting’s revenue was up 9.2% compared to the same quarter last year. On average, analysts predict that FTI Consulting will post $0.75 earnings per share next quarter.
Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of FTI Consulting from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, March 1st. They now have a $42.00 price target on the stock. Analysts at Deutsche Bank (NYSE: DB) reiterated a “hold” rating on shares of FTI Consulting in a research note to investors on Monday, February 27th. They now have a $43.00 price target on the stock.
FTI Consulting, Inc. (FTI) is a global business advisory firm. The Company assists its customers in addressing a range of business challenges, such as restructuring, financing and credit issues and indebtedness, interim business management, forensic accounting and litigation services, mergers and acquisitions (M&A), antitrust and competition matters, electronic discovery, management and retrieval of electronically stored information, reputation management and strategic communications.