Navigant Consulting, Inc. (NYSE:NCI) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Tuesday.
A number of other analysts have also issued reports on NCI. Zacks Investment Research lowered Navigant Consulting from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Cowen and Company boosted their target price on Navigant Consulting from $16.50 to $24.00 and gave the company an “outperform” rating in a research report on Friday, June 9th. Finally, TheStreet lowered Navigant Consulting from a “b” rating to a “c+” rating in a research report on Friday, May 12th.
Navigant Consulting (NYSE NCI) opened at 16.01 on Tuesday. Navigant Consulting has a 52 week low of $15.90 and a 52 week high of $27.86. The company has a market cap of $756.44 million, a PE ratio of 13.80 and a beta of 0.83. The company has a 50-day moving average price of $19.61 and a 200 day moving average price of $21.82.
Navigant Consulting (NYSE:NCI) last released its quarterly earnings results on Monday, July 31st. The business services provider reported $0.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.09. The firm had revenue of $235.20 million for the quarter, compared to analysts’ expectations of $253.66 million. Navigant Consulting had a net margin of 4.97% and a return on equity of 9.01%. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.33 EPS. On average, equities research analysts forecast that Navigant Consulting will post $1.15 EPS for the current fiscal year.
Navigant Consulting announced that its Board of Directors has initiated a share repurchase plan on Wednesday, May 3rd that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the business services provider to buy up to 9.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
A number of hedge funds have recently made changes to their positions in NCI. State of Alaska Department of Revenue raised its stake in shares of Navigant Consulting by 1.4% in the first quarter. State of Alaska Department of Revenue now owns 5,200 shares of the business services provider’s stock worth $118,000 after buying an additional 70 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Navigant Consulting by 6.6% in the first quarter. Victory Capital Management Inc. now owns 5,872 shares of the business services provider’s stock worth $134,000 after buying an additional 362 shares during the last quarter. USA Financial Portformulas Corp purchased a new stake in shares of Navigant Consulting during the fourth quarter worth about $248,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Navigant Consulting during the second quarter worth about $212,000. Finally, Russell Investments Group Ltd. raised its stake in shares of Navigant Consulting by 32.1% in the second quarter. Russell Investments Group Ltd. now owns 10,771 shares of the business services provider’s stock worth $213,000 after buying an additional 2,616 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors.
Navigant Consulting Company Profile
Navigant Consulting, Inc is a global professional services company. The Company serves clients in the healthcare, energy and financial services industries. It operates through four segments. The Healthcare segment provides consulting services and business process management services. The Energy segment provides advisory solutions in business strategy and planning, distributed energy resources and renewables, energy efficiency and demand response and grid modernization The Financial Services Advisory and Compliance segment provides strategic, operational, valuation, risk management, investigative and compliance advisory services to clients primarily in the financial services industry.
Receive News & Ratings for Navigant Consulting Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navigant Consulting Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
