Zacks Reiterates Neutral Rating for Navigant Consulting (NCI)
Navigant Consulting (NYSE:NCI)‘s stock had its “neutral” rating reiterated by Zacks in a research note issued on Wednesday, AR Network reports. They currently have a $18.00 target price on the stock. Zacks‘ price objective points to a potential upside of 3.15% from the stock’s previous close.
Zacks‘ analyst wrote, “Navigant reported strong third quarter 2013 results with healthy increase in revenue and adjusted earnings year over year. The company’s strategy of inorganic expansion is likely to further propel its growth momentum. Navigant is also restructuring its business in order to better align the capacity with demand and has diligently reduced its operating expenses to improve profitability. Share repurchase activity also remains another positive for the stock. However, increased currency fluctuations, stiff competition, and regulatory stringencies are likely to peg back its profitability to some extent. We maintain our long-term Neutral recommendation for the stock as we anticipate it to perform in-line with the broader market. “
Shares of Navigant Consulting (NYSE:NCI) traded down 0.63% on Wednesday, hitting $17.34. The stock had a trading volume of 44,411 shares. Navigant Consulting has a 1-year low of $9.47 and a 1-year high of $15.03. The stock’s 50-day moving average is $14.07 and its 200-day moving average is $13.16. The company has a market cap of $866.3 million and a price-to-earnings ratio of 16.94.
Navigant Consulting (NYSE:NCI) last announced its earnings results on Tuesday, October 29th. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.22 by $0.03. The company had revenue of $211.60 million for the quarter, compared to the consensus estimate of $204.12 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, analysts predict that Navigant Consulting will post $1.03 earnings per share for the current fiscal year.
Navigant Consulting, Inc is an independent specialty consulting firm. Professional services include dispute, investigative, economic, operational, risk management technology, financial and regulatory advisory solutions.
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