Navigant Consulting Inc. (NCI) Sees Strong Trading Volume
Navigant Consulting Inc. (NYSE:NCI) saw unusually-high trading volume on Tuesday . Approximately 185,719 shares were traded during mid-day trading, an increase of 0% from the previous session’s volume of 185,015 shares.The stock last traded at $19.81 and had previously closed at $19.54.
Separately, Zacks Investment Research downgraded shares of Navigant Consulting from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th.
The company has a market capitalization of $935.20 million and a P/E ratio of 17.62. The stock has a 50 day moving average price of $18.94 and a 200-day moving average price of $16.50.
Navigant Consulting (NYSE:NCI) last announced its earnings results on Tuesday, July 26th. The company reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.07. During the same period in the prior year, the firm posted $0.26 earnings per share. The company earned $238.49 million during the quarter, compared to the consensus estimate of $231.24 million. The company’s revenue was up 13.0% on a year-over-year basis. Analysts expect that Navigant Consulting Inc. will post $1.15 earnings per share for the current year.
A hedge fund recently raised its stake in Navigant Consulting stock. Principal Financial Group Inc. increased its position in Navigant Consulting Inc. (NYSE:NCI) by 45.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 842,804 shares of the company’s stock after buying an additional 264,724 shares during the period. Principal Financial Group Inc. owned about 1.77% of Navigant Consulting worth $13,536,000 at the end of the most recent reporting period.
Navigant Consulting, Inc (Navigant) is a global professional services firm. The Company serves clients in the healthcare, energy and financial services industries. The Company operates in four segments: Disputes, Investigations & Economics; Financial, Risk & Compliance; Healthcare, and Energy. The Disputes, Investigations & Economics segment’s professional services include valuation and economic analysis, as well as accounting, regulatory, construction and computer forensic expertise.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.