FTI Consulting, Inc. (FCN - Free Report) yesterday announced the appointment of Colin McCafferty as a senior managing director to its wholly owned investment-banking subsidiary FTI Capital Advisors. McCafferty will join with his investment-banking team from McCafferty & Company, which he founded in 2006.
McCafferty is experienced in strategic consulting services, financial advisory, M&A (both sell-side and buy-side), private placements, valuation and restructuring assignments. He and his team have expertise in the areas of digital media, television and film production, broadcasting, advertising technology, and augmented and virtual reality.
FTI Consulting has said that their addition bolsters FTI Capital Advisors’ telecommunications, media and technology experience.
The new appointment is a part of FTI Consulting’s ongoing investments in the broader telecommunications, media and technology offerings globally. The company has acquired certain assets of Delta Partners and appointed Albert Leung and Harvind Raman as managing directors in the Telecom, Media & Technology industry practice in San Francisco, in July, as part of these investments.
Notably, FTI Consulting’s shares have declined 6% over the past six months, against the 51.1% rally of the industry it belongs to.
Zacks Rank and Stocks to Consider
FTI Consulting currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader Zacks Business Services sector are TeleTech Holdings TTEC, BG Staffing (BGSF - Free Report) and Elastic N.V. (ESTC - Free Report) . While TeleTech and BG Staffing sport a Zacks Rank #1 (Strong Buy), Elastic carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The long-term expected earnings per share (three to five years) growth rate for TeleTech, BG Staffing and Elastic is 12%, 20% and 26%, respectively.
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