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Navigant Consulting reports Q1 adjusted EPS 18c, consensus 8c
Reports Q1 revenue $202.9M, consensus $180.67M.
Navigant Consulting upgraded to Outperform from Market Perform at Barrington
Barrington analyst Kevin Steinke upgraded Navigant Consulting to Outperform with a $26 price target. The analyst views the Q1 results as "solid" and sees the company's business improving throughout 2018. He believes Navigant's risk/reward is favorable at current share levels.
Barrington views Navigant Consulting agreement to sell DFLT segment as positive
Barrington analyst Kevin Steinke notes that Navigant Consulting announced an agreement to sell its Disputes, Forensics and Legal Technology segment and its transaction advisory services practice within the Financial Services Advisory & Compliance segment to Ankura Consulting Group for $470M. The analyst views this as an attractive valuation from Navigant's perspective. Exiting the event-driven DFLT business gives management greater bandwidth to focus on the company's strategic and operational consulting services and managed services offerings, he contended. Steinke reiterates an Outperform rating and $26 price target on Navigant's shares.
Navigant Consulting downgraded to Market Perform at William Blair
William Blair analyst Timothy McHugh downgraded Navigant Consulting to Market Perform from Outperform following this morning's Q2 results. The analyst sees uncertainty regarding 2019.
Navigant Consulting price target raised to $30 from $26 at Barrington
Barrington analyst Kevin Steinke raised his price target for Navigant Consulting to $30 saying the company's continuing operations outlook implies a "strong" ramp in profitability. The analyst believes Navigant deserves to trade at a higher multiple going forward and keeps an Outperform rating on the shares.
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