Deutsche Bank Initiates Coverage on FTI Consulting to Hold

Deutsche Bank Initiates Coverage on FTI Consulting(NYSE:FCN). The shares have been rated Hold. The rating by Deutsche Bank was issued on Aug 18, 2016.

FTI Consulting (FCN) made into the market gainers list on Mondays trading session with the shares advancing 0.38% or 0.17 points. Due to strong positive momentum, the stock ended at $44.85, which is also near the day’s high of $45.23. The stock began the session at $44.79 and the volume stood at 1,63,153 shares. The 52-week high of the shares is $45.98 and the 52 week low is $29.91. The company has a current market capitalization of $1,892 M and it has 4,21,79,584 shares in outstanding.

FTI Consulting(FCN) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $460.15M. Analysts had an estimated revenue of $460.35M. Earnings per share were $0.66. Analysts had estimated an EPS of $0.60.

Several Insider Transactions has been reported to the SEC. On Jun 9, 2016, Gerard E Holthaus (director) sold 8,403 shares at $43.01 per share price.Also, On Nov 6, 2015, David M /ct Johnson (CFO) purchased 15,000 shares at $36.14 per share price.On May 8, 2015, Heather Klink (Acting General Counsel) sold 1,381 shares at $39.17 per share price, according to the Form-4 filing with the securities and exchange commission.

FTI Consulting Inc. (FTI Consulting) is a global business advisory firm. The Company operates through five segments: Corporate Finance/Restructuring Forensic and Litigation Consulting Economic Consulting Technology and Strategic Communications. The Company assists clients addressing a range of business challenges such as restructuring (including bankruptcy) financing and credit issues and indebtedness interim business management forensic accounting and litigation matters international arbitrations merger and acquisitions (M&A) antitrust and competition matters securities litigation electronic discovery (e-discovery) management and retrieval of electronically stored information (ESI) reputation management and strategic communications. The Company also provides services to help its clients take advantage of economic regulatory financial and other business opportunities.

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