Zacks Investment Research Upgrades Navigant Consulting (NCI) to “Hold”

Navigant Consulting (NYSE:NCI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “Utilizing its strong cash flow generation capacity, Navigant continues to return capital to its shareholders and make investments in technology, new capabilities and client channels. At the same time, it is focusing on corporate development efforts to build a very robust pipeline of investment opportunities which is in-line with its growth strategy. Navigant has outperformed the industry on an average in the last three months. However, Navigant continues to face challenges on both the domestic and international fronts. This is primarily attributable to the difficulties in managing and staffing foreign operations, relatively limited new assignments, currency fluctuations and regulatory stringencies due to the uncertainty in the global economy. Competition for skilled consultants is intense and retention-related issues are a continuous challenge for the company.”

Separately, TheStreet upgraded Navigant Consulting from a “c+” rating to a “b-” rating in a report on Monday, November 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. Navigant Consulting currently has a consensus rating of “Hold” and an average price target of $24.00.

Shares of Navigant Consulting (NCI) traded down $0.29 during trading hours on Tuesday, reaching $19.38. The company’s stock had a trading volume of 266,700 shares, compared to its average volume of 256,500. The firm has a market cap of $889.93, a PE ratio of 20.84, a PEG ratio of 1.12 and a beta of 0.90. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.27. Navigant Consulting has a 52-week low of $14.62 and a 52-week high of $25.93.

Navigant Consulting (NYSE:NCI) last announced its earnings results on Thursday, October 26th. The business services provider reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). The company had revenue of $262.30 million for the quarter, compared to analyst estimates of $241.77 million. Navigant Consulting had a net margin of 4.35% and a return on equity of 8.25%. Navigant Consulting’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.37 EPS. equities analysts anticipate that Navigant Consulting will post 1.2 EPS for the current year.

In other news, Director Randy H. Zwirn sold 5,000 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $17.46, for a total transaction of $87,300.00. Following the sale, the director now owns 21,226 shares in the company, valued at $370,605.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.32% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its holdings in shares of Navigant Consulting by 0.4% during the second quarter. PNC Financial Services Group Inc. now owns 32,857 shares of the business services provider’s stock worth $650,000 after purchasing an additional 130 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of Navigant Consulting by 0.8% during the second quarter. Arizona State Retirement System now owns 24,622 shares of the business services provider’s stock worth $487,000 after purchasing an additional 200 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Navigant Consulting by 0.4% during the second quarter. Rhumbline Advisers now owns 103,657 shares of the business services provider’s stock worth $2,048,000 after purchasing an additional 373 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of Navigant Consulting by 0.9% during the second quarter. Nordea Investment Management AB now owns 110,800 shares of the business services provider’s stock worth $2,189,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Navigant Consulting by 17.6% during the second quarter. Victory Capital Management Inc. now owns 6,908 shares of the business services provider’s stock worth $137,000 after purchasing an additional 1,036 shares during the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.

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Navigant Consulting Company Profile

Navigant Consulting, Inc is a global professional services company. The Company serves clients in the healthcare, energy and financial services industries. It operates through four segments. The Healthcare segment provides consulting services and business process management services. The Energy segment provides advisory solutions in business strategy and planning, distributed energy resources and renewables, energy efficiency and demand response and grid modernization The Financial Services Advisory and Compliance segment provides strategic, operational, valuation, risk management, investigative and compliance advisory services to clients primarily in the financial services industry.

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