Navigant Consulting (NCI) Upgraded at Barrington Research

Barrington Research upgraded shares of Navigant Consulting (NYSE:NCI) from a market perform rating to an outperform rating in a research note issued to investors on Monday, Marketbeat reports. Barrington Research currently has $26.00 price objective on the business services provider’s stock. Barrington Research also issued estimates for Navigant Consulting’s Q2 2018 earnings at $0.30 EPS, Q3 2018 earnings at $0.32 EPS, Q4 2018 earnings at $0.33 EPS, FY2018 earnings at $1.31 EPS and FY2019 earnings at $1.34 EPS.

Several other analysts have also recently commented on NCI. Zacks Investment Research cut shares of Navigant Consulting from a hold rating to a sell rating in a report on Tuesday, January 23rd. ValuEngine upgraded shares of Navigant Consulting from a hold rating to a buy rating in a report on Wednesday, March 7th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $25.00.

NCI stock opened at $22.87 on Monday. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.27. The company has a market cap of $1.01 billion, a P/E ratio of 21.20, a P/E/G ratio of 1.30 and a beta of 0.92. Navigant Consulting has a 52 week low of $22.83 and a 52 week high of $23.23.

Navigant Consulting (NYSE:NCI) last posted its quarterly earnings results on Wednesday, May 2nd. The business services provider reported $0.30 EPS for the quarter, hitting the consensus estimate of $0.30. The business had revenue of $243.90 million during the quarter, compared to analysts’ expectations of $233.79 million. Navigant Consulting had a net margin of 7.29% and a return on equity of 7.95%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the company posted $0.27 earnings per share. analysts anticipate that Navigant Consulting will post 1.28 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Engine Capital Management LLC acquired a new stake in Navigant Consulting in the fourth quarter valued at approximately $33,675,000. BlackRock Inc. lifted its stake in Navigant Consulting by 1.9% in the fourth quarter. BlackRock Inc. now owns 5,963,727 shares of the business services provider’s stock valued at $115,755,000 after acquiring an additional 111,461 shares during the last quarter. Macquarie Group Ltd. lifted its stake in Navigant Consulting by 11.7% in the fourth quarter. Macquarie Group Ltd. now owns 1,262,309 shares of the business services provider’s stock valued at $24,501,000 after acquiring an additional 132,026 shares during the last quarter. Rhumbline Advisers lifted its stake in Navigant Consulting by 6.5% in the fourth quarter. Rhumbline Advisers now owns 111,885 shares of the business services provider’s stock valued at $2,172,000 after acquiring an additional 6,808 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Navigant Consulting by 24.7% in the fourth quarter. Wells Fargo & Company MN now owns 173,633 shares of the business services provider’s stock valued at $3,370,000 after acquiring an additional 34,387 shares during the last quarter. Hedge funds and other institutional investors own 94.47% of the company’s stock.

About Navigant Consulting

Navigant Consulting, Inc provides professional services to corporate executives and senior management, corporate counsel, law firms, corporate boards, special committees, and governmental agencies worldwide. It operates through four segments: Healthcare; Energy; Financial Services Advisory and Compliance; and Disputes, Forensics and Legal Technology.

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