Navigant Consulting, Inc. (NYSE:NCI) had its price objective hoisted by investment analysts at Cowen and Company from $16.50 to $24.00 in a research report issued on Friday. The brokerage currently has an “outperform” rating on the business services provider’s stock. Cowen and Company’s price objective would suggest a potential upside of 17.94% from the company’s previous close.

A number of other analysts have also recently issued reports on the company. TheStreet cut Navigant Consulting from a “b” rating to a “c+” rating in a research report on Friday, May 12th. Zacks Investment Research cut Navigant Consulting from a “hold” rating to a “sell” rating in a research report on Friday, May 5th.

Navigant Consulting (NCI) traded up 1.43% during trading on Friday, reaching $20.64. The company had a trading volume of 198,703 shares. The stock has a 50 day moving average price of $21.05 and a 200 day moving average price of $23.45. The firm has a market capitalization of $975.20 million, a price-to-earnings ratio of 17.79 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 data on Wednesday, May 3rd. The business services provider reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. The firm 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 business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.27 earnings per share. On average, equities research analysts predict that Navigant Consulting will post $1.15 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “Cowen and Company Raises Navigant Consulting, Inc. (NCI) Price Target to $24.00” was published by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & international copyright law. The original version of this news story can be viewed at https://www.americanbankingnews.com/2017/06/09/navigant-consulting-inc-nci-stock-rating-reaffirmed-by-cowen-and-company.html.

Hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. boosted its stake in Navigant Consulting by 10.0% in the first quarter. Goldman Sachs Group Inc. now owns 284,601 shares of the business services provider’s stock worth $6,506,000 after buying an additional 25,836 shares during the last quarter. AQR Capital Management LLC boosted its stake in Navigant Consulting by 0.7% in the first quarter. AQR Capital Management LLC now owns 140,872 shares of the business services provider’s stock worth $3,220,000 after buying an additional 989 shares during the last quarter. Gotham Asset Management LLC boosted its stake in Navigant Consulting by 1,389.2% in the first quarter. Gotham Asset Management LLC now owns 115,488 shares of the business services provider’s stock worth $2,640,000 after buying an additional 107,733 shares during the last quarter. Highbridge Capital Management LLC boosted its stake in Navigant Consulting by 308.7% in the first quarter. Highbridge Capital Management LLC now owns 48,727 shares of the business services provider’s stock worth $1,113,000 after buying an additional 36,804 shares during the last quarter. Finally, State Street Corp boosted its stake in Navigant Consulting by 8.5% in the first quarter. State Street Corp now owns 1,165,014 shares of the business services provider’s stock worth $26,626,000 after buying an additional 91,546 shares during the last quarter. 92.84% of the stock is owned by hedge funds and other institutional investors.

About Navigant Consulting

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.

Receive News & Ratings for Navigant Consulting Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navigant Consulting Inc. and related companies with MarketBeat.com's FREE daily email newsletter.