ValuEngine upgraded shares of Navigant Consulting (NYSE:NCI) from a hold rating to a buy rating in a report published on Wednesday.

A number of other brokerages have also recently issued reports on NCI. Zacks Investment Research upgraded Navigant Consulting from a sell rating to a hold rating in a research note on Tuesday, January 2nd. Barrington Research cut Navigant Consulting from an outperform rating to a market perform rating in a research note on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. Navigant Consulting presently has a consensus rating of Hold and a consensus target price of $24.00.

NYSE NCI opened at $21.53 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.86 and a current ratio of 1.86. Navigant Consulting has a twelve month low of $14.62 and a twelve month high of $24.47. The company has a market cap of $970.31, a P/E ratio of 19.75, a PEG ratio of 1.23 and a beta of 0.92.

Navigant Consulting (NYSE:NCI) last released its quarterly earnings results on Tuesday, February 20th. The business services provider reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.11). Navigant Consulting had a net margin of 7.26% and a return on equity of 7.96%. The firm had revenue of $255.40 million for the quarter, compared to the consensus estimate of $244.79 million. During the same quarter in the prior year, the firm earned $0.30 earnings per share. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. research analysts predict that Navigant Consulting will post 1.3 EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in the business. BlackRock Inc. raised its stake in Navigant Consulting by 1.9% during the fourth quarter. BlackRock Inc. now owns 5,963,727 shares of the business services provider’s stock valued at $115,755,000 after buying an additional 111,461 shares during the last quarter. Engine Capital Management LLC purchased a new position in Navigant Consulting during the fourth quarter valued at $33,675,000. Boston Partners raised its stake in Navigant Consulting by 8.6% during the fourth quarter. Boston Partners now owns 1,408,791 shares of the business services provider’s stock valued at $27,344,000 after buying an additional 111,074 shares during the last quarter. Sunriver Management LLC raised its stake in Navigant Consulting by 5.9% during the fourth quarter. Sunriver Management LLC now owns 1,271,034 shares of the business services provider’s stock valued at $24,671,000 after buying an additional 71,042 shares during the last quarter. Finally, Macquarie Group Ltd. raised its stake in Navigant Consulting by 11.7% during 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 buying an additional 132,026 shares during the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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