Navigant Consulting (NCI) Cut to Sell at Zacks Investment Research

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

According to Zacks, “Navigant continues to face challenges on both the domestic and international fronts. This is primarily attributable to the difficulties in managing and staffing foreign operations, relatively limited new assignments, currency fluctuations and regulatory stringencies due to the uncertainty in the global economy. The consulting industry has low barriers to entry and it’s easier for consultants to start their own businesses. While hiring and retention of personnel are keys to driving revenues, full-time equivalent levels and related consultant compensation in excess of demand drive additional costs and can negatively impact the company’s margins. However, Navigant has outperformed the industry on an average in the last three months. By utilizing its strong cash flow generation capacity, Navigant continues to return capital to its shareholders and make investments in technology, new capabilities and client channels.”

Separately, TheStreet raised Navigant Consulting from a “c+” rating to a “b-” rating in a report on Monday, November 27th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $24.00.

Shares of Navigant Consulting (NYSE NCI) traded up $0.02 during mid-day trading on Tuesday, hitting $19.98. The stock had a trading volume of 223,000 shares, compared to its average volume of 211,471. Navigant Consulting has a 1 year low of $14.62 and a 1 year high of $25.55. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $917.48, a PE ratio of 21.48, a price-to-earnings-growth ratio of 1.14 and a beta of 0.90.

Navigant Consulting (NYSE:NCI) last issued its earnings results on Thursday, October 26th. The business services provider reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.01). Navigant Consulting had a return on equity of 8.25% and a net margin of 4.35%. The firm had revenue of $262.30 million during the quarter, compared to the consensus estimate of $241.77 million. During the same period last year, the firm posted $0.37 earnings per share. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. research analysts forecast that Navigant Consulting will post 1.2 EPS for the current fiscal year.

In other Navigant Consulting news, Director Randy H. Zwirn sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $17.46, for a total transaction of $87,300.00. Following the sale, the director now directly owns 21,226 shares of the company’s stock, valued at $370,605.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.32% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of NCI. Flinton Capital Management LLC increased its stake in Navigant Consulting by 59.5% during the second quarter. Flinton Capital Management LLC now owns 6,290 shares of the business services provider’s stock worth $124,000 after acquiring an additional 2,346 shares during the last quarter. Victory Capital Management Inc. increased its stake in Navigant Consulting by 17.6% during the second quarter. Victory Capital Management Inc. now owns 6,908 shares of the business services provider’s stock worth $137,000 after acquiring an additional 1,036 shares during the last quarter. SG Americas Securities LLC increased its stake in Navigant Consulting by 110.2% during the third quarter. SG Americas Securities LLC now owns 11,269 shares of the business services provider’s stock worth $191,000 after acquiring an additional 5,908 shares during the last quarter. Piedmont Investment Advisors LLC bought a new stake in Navigant Consulting during the second quarter worth approximately $204,000. Finally, Eqis Capital Management Inc. bought a new stake in Navigant Consulting during the third quarter worth approximately $204,000. 88.50% of the stock is currently owned by institutional investors.

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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.

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