Navigant Consulting Inc. (NYSE:NCI) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Thursday. The firm presently has a $27.00 target price on the stock. Zacks Investment Research’s price target would indicate a potential upside of 17.49% from the stock’s previous close.
According to Zacks, “Navigant recorded strong third-quarter 2016 results as adjusted earnings beat the Zacks Consensus Estimate by $0.08. The company continues to focus on cost-streamlining and restructuring activities to better align its capacity with market demand. Navigant expects its future growth to primarily come from expanded capabilities in the healthcare and energy sectors. The company is presently developing data analytic tools across multiple groups to meet the growing demand for technology-enabled solutions. Navigant is also focusing on inorganic growth to expand its market presence and boost revenue as exemplified by the strategic acquisitions of Cymetrix Corporation and RevenueMed. The company raised its guidance for 2016 on favorable growth dynamics. However, stiff competition, low barriers to entry, currency fluctuations and regulatory stringencies are likely to peg back its profitability to some extent.”
Navigant Consulting (NYSE:NCI) opened at 22.98 on Thursday. The firm has a 50-day moving average of $20.21 and a 200 day moving average of $17.93. The company has a market capitalization of $1.08 billion, a PE ratio of 19.47 and a beta of 1.35. Navigant Consulting has a 12-month low of $14.07 and a 12-month high of $24.66.
Navigant Consulting (NYSE:NCI) last posted its quarterly earnings results on Tuesday, October 25th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.08. Navigant Consulting had a net margin of 6.12% and a return on equity of 10.03%. The firm earned $237.10 million during the quarter, compared to the consensus estimate of $183.29 million. During the same period in the previous year, the firm posted $0.30 earnings per share. The business’s revenue was up 13.1% compared to the same quarter last year. Analysts forecast that Navigant Consulting will post $1.15 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of NCI. New York State Teachers Retirement System boosted its position in shares of Navigant Consulting by 2.0% in the second quarter. New York State Teachers Retirement System now owns 108,507 shares of the company’s stock worth $1,752,000 after buying an additional 2,100 shares in the last quarter. Independent Portfolio Consultants Inc. boosted its position in shares of Navigant Consulting by 56.8% in the second quarter. Independent Portfolio Consultants Inc. now owns 46,700 shares of the company’s stock worth $754,000 after buying an additional 16,920 shares in the last quarter. Foundry Partners LLC acquired a new position in shares of Navigant Consulting during the second quarter worth about $2,485,000. BNP Paribas Arbitrage SA boosted its position in shares of Navigant Consulting by 101.8% in the second quarter. BNP Paribas Arbitrage SA now owns 15,280 shares of the company’s stock worth $247,000 after buying an additional 7,708 shares in the last quarter. Finally, Integre Asset Management LLC acquired a new position in shares of Navigant Consulting during the first quarter worth about $405,000. Hedge funds and other institutional investors own 91.72% of the company’s stock.
Navigant Consulting Company Profile
Navigant Consulting, Inc (Navigant) is a global professional services firm. The Company serves clients in the healthcare, energy and financial services industries. The Company operates in four segments: Disputes, Investigations & Economics; Financial, Risk & Compliance; Healthcare, and Energy. The Disputes, Investigations & Economics segment’s professional services include valuation and economic analysis, as well as accounting, regulatory, construction and computer forensic expertise.