Shares of Navigant Consulting, Inc. (NYSE:NCI) have earned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $24.00.
A number of equities research analysts recently issued reports on the stock. ValuEngine downgraded shares of Navigant Consulting from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Zacks Investment Research raised shares of Navigant Consulting from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Finally, Barrington Research downgraded shares of Navigant Consulting from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 21st.
Institutional investors and hedge funds have recently made changes to their positions in the company. Engine Capital Management LLC purchased a new stake in shares of Navigant Consulting in the fourth quarter valued at $33,675,000. Macquarie Group Ltd. raised its holdings in shares of Navigant Consulting by 11.7% during the 4th quarter. Macquarie Group Ltd. now owns 1,262,309 shares of the business services provider’s stock worth $24,501,000 after acquiring an additional 132,026 shares during the period. BlackRock Inc. raised its holdings in shares of Navigant Consulting by 1.9% during the 4th quarter. BlackRock Inc. now owns 5,963,727 shares of the business services provider’s stock worth $115,755,000 after acquiring an additional 111,461 shares during the period. Rhumbline Advisers raised its holdings in shares of Navigant Consulting by 6.5% during the 4th quarter. Rhumbline Advisers now owns 111,885 shares of the business services provider’s stock worth $2,172,000 after acquiring an additional 6,808 shares during the period. Finally, Pacific Ridge Capital Partners LLC raised its holdings in shares of Navigant Consulting by 58.1% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 30,520 shares of the business services provider’s stock worth $592,000 after acquiring an additional 11,220 shares during the period. 95.27% of the stock is currently owned by institutional investors and hedge funds.
Navigant Consulting stock traded up $0.33 during mid-day trading on Thursday, reaching $21.43. 72,023 shares of the company’s stock traded hands, compared to its average volume of 264,162. The company has a market cap of $941.46, a price-to-earnings ratio of 18.99, a PEG ratio of 1.19 and a beta of 0.92. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.19. Navigant Consulting has a 12-month low of $14.62 and a 12-month high of $24.47.
Navigant Consulting (NYSE:NCI) last released its quarterly earnings results on Tuesday, February 20th. The business services provider reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.11). The business had revenue of $255.40 million for the quarter, compared to analysts’ expectations of $244.79 million. Navigant Consulting had a net margin of 7.26% and a return on equity of 7.96%. Navigant Consulting’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.30 EPS. equities research analysts anticipate that Navigant Consulting will post 1.3 earnings per share for the current fiscal year.
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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.
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