Separately, Zacks Investment Research upgraded Navigant Consulting from a hold rating to a buy rating and set a $25.00 price target for the company in a report on Tuesday, April 18th.
Shares of Navigant Consulting (NCI) traded down 1.29% during midday trading on Friday, reaching $19.87. The company had a trading volume of 374,576 shares. The company has a 50 day moving average of $20.54 and a 200 day moving average of $23.29. The firm has a market capitalization of $938.82 million, a price-to-earnings ratio of 17.13 and a beta of 0.87. Navigant Consulting has a 12-month low of $15.12 and a 12-month high of $27.86.
Navigant Consulting (NYSE:NCI) last released its quarterly earnings results on Wednesday, May 3rd. The business services provider reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.01. The business had revenue of $236.20 million during the quarter, compared to analysts’ expectations of $241.52 million. Navigant Consulting had a return on equity of 9.83% and a net margin of 5.53%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.27 EPS. Analysts anticipate that Navigant Consulting will post $1.15 EPS for the current year.
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Several institutional investors have recently made changes to their positions in NCI. Essex Investment Management Co. LLC acquired a new position in Navigant Consulting during the third quarter worth about $1,392,000. Hood River Capital Management LLC boosted its position in Navigant Consulting by 64.0% in the third quarter. Hood River Capital Management LLC now owns 611,553 shares of the business services provider’s stock worth $12,366,000 after buying an additional 238,641 shares during the last quarter. BlackRock Inc. boosted its position in Navigant Consulting by 2.6% in the third quarter. BlackRock Inc. now owns 14,151 shares of the business services provider’s stock worth $286,000 after buying an additional 360 shares during the last quarter. BlackRock Fund Advisors boosted its position in Navigant Consulting by 8.9% in the third quarter. BlackRock Fund Advisors now owns 3,315,999 shares of the business services provider’s stock worth $67,049,000 after buying an additional 270,584 shares during the last quarter. Finally, TIAA CREF Investment Management LLC boosted its position in Navigant Consulting by 2.4% in the third quarter. TIAA CREF Investment Management LLC now owns 295,587 shares of the business services provider’s stock worth $5,977,000 after buying an additional 6,970 shares during the last quarter. Hedge funds and other institutional investors own 92.84% of the company’s stock.
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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