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UPDATE: Stifel Initiates Coverage on Navigant Consulting as Positive Factors Seem Reasonably Discounted

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Navigant Shares Down Despite Q2 Earnings and Revenue Beat - Analyst Blog (Zacks)

In a report published Thursday, Stifel analyst Jerry Herman initiated coverage on Navigant Consulting (NYSE: NCI) with a Hold rating.

In the report, Stifel noted, “We are initiating coverage of Navigant Consulting (NCI) with a Hold rating. Led by a newer management team, there is an emphasis on improved profitability, greater exposure into higher growth industries, such as health care and energy, and an increasing contribution from more highly visible/predictable/recurring revenue streams. With the shares up 70% year to date, versus the S&P 500 at 29%, and trading at 16.5x and 8.4x FY14E EPS and EV/EBITDA, respectively, we believe the improved performance and growth prospects have been reasonably discounted for now. Thus, our rating is Hold.”

Navigant Consulting closed on Wednesday at $19.02.

Latest Ratings for NCI

DateFirmActionFromTo
Jul 2015Avondale PartnersUpgradesMarket PerformOutperform
Jul 2014Barrington ResearchInitiates Coverage onMarket Perform
Dec 2013Stifel NicolausInitiates Coverage onHold

View More Analyst Ratings for NCI
View the Latest Analyst Ratings

Posted-In: Jerry Herman StifelAnalyst Color Initiation Analyst Ratings

 

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