Navigant Consulting (NCI) Stock Rating Reaffirmed by William Blair

Navigant Consulting (NYSE:NCI)‘s stock had its “hold” rating restated by William Blair in a note issued to investors on Sunday.

NCI has been the topic of a number of other research reports. ValuEngine upgraded Navigant Consulting from a “hold” rating to a “buy” rating in a research note on Wednesday, April 18th. Zacks Investment Research downgraded Navigant Consulting from a “buy” rating to a “hold” rating in a research note on Monday, July 9th. Finally, Barrington Research restated a “buy” rating on shares of Navigant Consulting in a research note on Tuesday, June 26th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $25.50.

NYSE NCI traded down $0.11 on Friday, reaching $24.17. The stock had a trading volume of 273,975 shares, compared to its average volume of 458,495. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.59 and a quick ratio of 2.60. Navigant Consulting has a 1 year low of $14.62 and a 1 year high of $25.85. The company has a market capitalization of $1.09 billion, a P/E ratio of 22.17, a price-to-earnings-growth ratio of 4.13 and a beta of 0.81.

Navigant Consulting (NYSE:NCI) last issued its earnings results on Thursday, August 2nd. The business services provider reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.17. Navigant Consulting had a return on equity of 9.45% and a net margin of 9.05%. The firm had revenue of $252.40 million for the quarter, compared to the consensus estimate of $241.73 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. equities analysts anticipate that Navigant Consulting will post 0.44 EPS for the current year.

In other Navigant Consulting news, EVP Monica M. Weed sold 23,775 shares of the business’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $24.67, for a total value of $586,529.25. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.75% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Koch Industries Inc. bought a new stake in shares of Navigant Consulting during the 1st quarter worth about $199,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Navigant Consulting during the 1st quarter worth about $1,616,000. Engine Capital Management LLC boosted its stake in shares of Navigant Consulting by 17.4% during the 1st quarter. Engine Capital Management LLC now owns 2,036,348 shares of the business services provider’s stock worth $39,179,000 after acquiring an additional 301,406 shares in the last quarter. A.R.T. Advisors LLC bought a new stake in shares of Navigant Consulting during the 1st quarter worth about $1,170,000. Finally, Pitcairn Co. bought a new stake in shares of Navigant Consulting during the 1st quarter worth about $214,000. Institutional investors own 93.02% 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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