Zacks Investment Research Downgrades Navigant Consulting Inc. (NCI) to Hold
Navigant Consulting Inc. (NYSE:NCI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday.
According to Zacks, “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 has a solid earnings history, with an average trailing four quarter earnings surprise of 28.66%. The earnings estimates of the company have remained stable over the last month as it focuses on cost-streamlining and restructuring activities to better align its capacity with market demand. However, Navigant relies heavily on a group of senior-level consultants and business development professionals. Competition for skilled consultants is intense and retention-related issues are a continuous challenge for the company. In addition, 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 20.09 on Tuesday. Navigant Consulting has a 52 week low of $14.07 and a 52 week high of $20.58. The company’s 50 day moving average price is $19.67 and its 200-day moving average price is $17.17. The company has a market capitalization of $952.27 million, a P/E ratio of 17.94 and a beta of 1.27.
Navigant Consulting (NYSE:NCI) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.07. The business earned $238.49 million during the quarter, compared to the consensus estimate of $231.24 million. Navigant Consulting had a return on equity of 9.64% and a net margin of 5.97%. The company’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the company earned $0.26 earnings per share. Equities research analysts expect that Navigant Consulting will post $1.15 earnings per share for the current year.
Large investors have recently modified their holdings of the company. Victory Capital Management Inc. increased its stake in shares of Navigant Consulting by 77.2% in the second quarter. Victory Capital Management Inc. now owns 6,227 shares of the company’s stock valued at $101,000 after buying an additional 2,713 shares in the last quarter. Teacher Retirement System of Texas increased its stake in shares of Navigant Consulting by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 6,643 shares of the company’s stock valued at $107,000 after buying an additional 799 shares in the last quarter. Mason Street Advisors LLC acquired a new stake in shares of Navigant Consulting during the second quarter valued at $150,000. GAM Holding AG acquired a new stake in shares of Navigant Consulting during the second quarter valued at $165,000. Finally, Profund Advisors LLC increased its stake in shares of Navigant Consulting by 1.3% in the second quarter. Profund Advisors LLC now owns 10,835 shares of the company’s stock valued at $175,000 after buying an additional 143 shares in the last quarter. 91.63% of the stock is owned by institutional investors and hedge funds.
About Navigant Consulting
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.
Receive News & Stock 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 stocks with our FREE daily email newsletter.