2024-04-03 01:13:41 ET
Summary
- FTI Consulting has experienced significant growth since going public in 1996, with its share price increasing 24-fold in 28 years.
- Due to its strategy, competitive advantages, expected earnings growth, and multiple tailwinds, I foresee more of the same in the next few years.
- It is slightly overvalued, but is a Buy for investors with a medium to long-term investing horizon.
Investment thesis
Growth with low risk is a description that captures the essence of FTI Consulting, Inc. (FCN). The company works with many large and prominent clients in the legal, banking, Fortune 100, and private equity firms.
Since going public in 1996, its share price has grown 24-fold in 28 years. It has the competitive advantages, financial resources, and strategy to continue that growth. Based on those elements, I rate FTI a Buy.
About FTI
The company was founded in 1982 under the name Forensic Technologies International, with a mandate to provide expert witnesses for litigation. It went public in 1996, changed its name in 1998 and then began trading on the New York Stock Exchange....
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FTI Consulting: Offers Growth With Modest Risk For 2024 And 2025