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

According to Zacks, “Navigant reported strong second-quarter 2018 results surpassing the Zacks Consensus Estimate on both earnings and revenues. The company's Energy segment continues to expand over time through investments in hiring, solution development and acquisitions. The company continues to invest in technology infrastructure to augment its technology-based service offerings so that it can efficiently meet the changing demands of its clients. Navigant is also developing data analytic tools across multiple groups to meet the growing demand for technology-enabled solutions. Shares of Navigant outperformed its industry in the past year. However, Navigant 's operation in a highly labor-intensive sector remains a concern. Further, it continues to face challenges on both the domestic and international fronts due to difficulties in managing and staffing foreign operations.”

Several other analysts also recently weighed in on NCI. ValuEngine upgraded Navigant Consulting from a “hold” rating to a “buy” rating in a research report on Wednesday, April 18th. Barrington Research upgraded Navigant Consulting from a “market perform” rating to an “outperform” rating and set a $26.00 target price for the company in a research report on Monday, May 7th. Finally, William Blair downgraded Navigant Consulting from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 2nd. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Navigant Consulting has an average rating of “Buy” and an average price target of $25.50.

Shares of NYSE:NCI traded down $0.11 on Friday, hitting $24.17. 273,975 shares of the company’s stock were exchanged, compared to its average volume of 458,495. Navigant Consulting has a 12 month low of $14.62 and a 12 month high of $25.85. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 17.59, a price-to-earnings-growth ratio of 4.13 and a beta of 0.81. The company has a current ratio of 3.59, a quick ratio of 2.60 and a debt-to-equity ratio of 0.21.

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

In other news, EVP Monica M. Weed sold 23,775 shares of Navigant Consulting stock in a transaction on Monday, August 6th. The stock was sold at an average price of $24.67, for a total transaction of $586,529.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.75% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Navigant Consulting during the second quarter worth $212,000. Koch Industries Inc. purchased a new position in shares of Navigant Consulting during the first quarter valued at $199,000. Piedmont Investment Advisors LLC purchased a new position in shares of Navigant Consulting during the second quarter valued at $233,000. Pitcairn Co. purchased a new position in shares of Navigant Consulting during the first quarter valued at $214,000. Finally, Trexquant Investment LP purchased a new position in shares of Navigant Consulting during the second quarter valued at $261,000. Institutional investors and hedge funds 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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