Market Overview

UPDATE: Deutsche Bank Reiterates Hold Rating, Raises PT on FTI Consulting

Related FCN
FTI Consulting Beats on Earnings & Revs in Q1 - Analyst Blog
Stocks Hitting 52-Week Lows

In a report published Friday, Deutsche Bank reiterated its Hold rating on FTI Consulting (NYSE: FCN), and slightly raised its price target from $27.00 to $28.00.

Deutsche Bank noted, “Raising EPS and price target as cost cuts come through. Despite the down revs QoQ, margins were up QoQ due to lower costs. We are lowering our 4QE EPS from $0.69 to $0.61 (prior Street at $0.63), while our FY13E EPS increases from $2.62 to $2.65 (Street previously at $2.51). We are raising our price target from $27 to $28 to reflect our higher estimates. We maintain our Hold rating due to the lack of revenue growth but reasonable valuation.”

FTI Consulting closed on Thursday at $28.19.

Latest Ratings for FCN

DateFirmActionFromTo
Jun 2014MacquarieUpgradesNeutralOutperform
Jun 2014Deutsche BankMaintainsHold
Feb 2014MacquarieMaintainsNeutral

View More Analyst Ratings for FCN
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings

 

Related Articles (FCN)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters