Navigant Consulting Rating Reiterated by Zacks (NCI)
Navigant Consulting (NYSE:NCI)‘s stock had its “neutral” rating restated by Zacks in a note issued to investors on Friday. They currently have a $17.00 price objective on the stock. Zacks‘s price objective would suggest a potential upside of 4.87% from the company’s current price.
Zacks’ analyst wrote, “Navigant reported lackluster second-quarter 2014 results as adjusted earnings missed the Zacks Consensus Estimate by $0.03. The company’s strategy of inorganic expansion is likely to propel its growth momentum in the coming quarters. Navigant is also restructuring its business in order to better align the capacity with demand and aims to diligently reduce 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) opened at 16.21 on Friday. Navigant Consulting has a 1-year low of $13.53 and a 1-year high of $19.78. The stock’s 50-day moving average is $17.06 and its 200-day moving average is $17.51. The company’s market cap is $793.8 million.
Navigant Consulting (NYSE:NCI) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.22 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.32 by $0.10. The company had revenue of $208.10 million for the quarter, compared to the consensus estimate of $110.75 million. During the same quarter last year, the company posted $0.31 earnings per share. Navigant Consulting’s revenue was down .8% compared to the same quarter last year. Analysts expect that Navigant Consulting will post $0.98 EPS for the current fiscal year.
Separately, analysts at Barrington Research initiated coverage on shares of Navigant Consulting in a research note on Thursday, July 17th. They set a “market perform” rating on the stock.
Navigant Consulting, Inc is an independent specialty consulting firm. Professional services include dispute, investigative, economic, operational, risk management technology, financial and regulatory advisory solutions.
To view Zacks’ full report, visit Zacks’ official website.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.