Navigant Consulting’s (NCI) Buy Rating Reiterated at Barrington Research
Barrington Research reiterated their buy rating on shares of Navigant Consulting (NYSE:NCI) in a research report sent to investors on Thursday, AnalystRatings.com reports. The brokerage currently has a $28.00 target price on the business services provider’s stock.
“We expect Healthcare growth to be driven by continued ramp-up of the revenue cycle managed services joint venture with Florida (BHSF), which launched in the summer of 2018. In addition, Navigant noted on its Q4/18 conference call that it is seeing improved demand momentum for its healthcare consulting services at the outset of 2019, as indicated by several recent new contract awards. Advisory & Compliance (FSAC) segment (20% of Q1 estimated RBR), we are projecting a mid-single-digit RBR decline due to a difficult year-ago comparison and the expectation that issues which impacted the FSAC consulting business in Q4/18 (e.g. client pauses, project start-up delays and lower project conversion rates) will continue to affect Q1/19.”,” the firm’s analyst wrote.
NCI has been the topic of several other research reports. TheStreet lowered Navigant Consulting from a b- rating to a c rating in a report on Friday, March 15th. Zacks Investment Research lowered Navigant Consulting from a buy rating to a hold rating in a report on Wednesday, January 16th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $27.00.
Navigant Consulting (NYSE:NCI) last posted its earnings results on Tuesday, February 26th. The business services provider reported $0.10 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.03). The business had revenue of $193.20 million during the quarter, compared to analysts’ expectations of $173.33 million. Navigant Consulting had a net margin of 13.10% and a return on equity of 6.59%. The business’s quarterly revenue was down 24.4% compared to the same quarter last year. During the same period last year, the company earned $0.29 EPS. As a group, equities analysts expect that Navigant Consulting will post 0.89 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Thursday, May 30th. Navigant Consulting’s payout ratio is 42.55%.
Hedge funds have recently modified their holdings of the business. Pacer Advisors Inc. purchased a new position in shares of Navigant Consulting during the third quarter worth about $222,000. Municipal Employees Retirement System of Michigan purchased a new position in shares of Navigant Consulting during the fourth quarter worth about $393,000. Fox Run Management L.L.C. purchased a new position in shares of Navigant Consulting during the fourth quarter worth about $202,000. SG Americas Securities LLC grew its holdings in shares of Navigant Consulting by 361.6% during the fourth quarter. SG Americas Securities LLC now owns 95,280 shares of the business services provider’s stock worth $2,291,000 after purchasing an additional 74,637 shares during the last quarter. Finally, MetLife Investment Advisors LLC grew its holdings in shares of Navigant Consulting by 51.9% during the third quarter. MetLife Investment Advisors LLC now owns 32,945 shares of the business services provider’s stock worth $760,000 after purchasing an additional 11,259 shares during the last quarter. 97.77% of the stock is currently owned by institutional investors.
About Navigant Consulting
Navigant Consulting, Inc provides professional services worldwide. It operates through three segments: Healthcare, Energy, and Financial Services Advisory and Compliance. The Healthcare segment offers consulting and business process management services to healthcare providers, payers, and life sciences companies.
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