NCI Inc (NASDAQ:NCIT) has been assigned a $24.00 price objective by stock analysts at Cowen and Company in a report issued on Thursday. The firm presently has a “buy” rating on the information technology services provider’s stock. Cowen and Company’s price objective would suggest a potential upside of 19.70% from the stock’s current price.
NCIT has been the topic of several other research reports. ValuEngine upgraded NCI from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. FBR & Co reaffirmed a “hold” rating and set a $11.00 price target on shares of NCI in a research note on Tuesday, April 4th. Zacks Investment Research lowered NCI from a “hold” rating to a “sell” rating in a research note on Saturday, April 8th. Finally, Noble Financial reaffirmed a “buy” rating on shares of NCI in a research note on Friday, May 12th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. NCI currently has an average rating of “Buy” and a consensus target price of $17.50.
Shares of NCI (NASDAQ NCIT) opened at 20.05 on Thursday. The stock’s 50 day moving average is $16.88 and its 200-day moving average is $14.60. The stock has a market cap of $271.70 million, a price-to-earnings ratio of 44.85 and a beta of 1.02. NCI has a 1-year low of $10.98 and a 1-year high of $20.89.
NCI (NASDAQ:NCIT) last issued its earnings results on Tuesday, May 9th. The information technology services provider reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.04. The business had revenue of $78.75 million during the quarter, compared to analyst estimates of $76.55 million. NCI had a return on equity of 12.10% and a net margin of 4.06%. On average, analysts anticipate that NCI will post $1.01 EPS for the current year.
COPYRIGHT VIOLATION WARNING: This article was first posted by sleekmoney and is owned by of sleekmoney. If you are accessing this article on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright laws. The correct version of this article can be viewed at https://sleekmoney.com/cowen-and-company-analysts-give-nci-inc-ncit-a-24-00-price-target/1893787.html.
A number of hedge funds have recently added to or reduced their stakes in NCIT. Royce & Associates LP purchased a new stake in NCI during the first quarter valued at $7,663,000. Renaissance Technologies LLC boosted its stake in NCI by 5.2% in the first quarter. Renaissance Technologies LLC now owns 404,799 shares of the information technology services provider’s stock valued at $6,092,000 after buying an additional 20,074 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in NCI by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 303,739 shares of the information technology services provider’s stock valued at $4,571,000 after buying an additional 3,044 shares during the last quarter. Vanguard Group Inc. boosted its stake in NCI by 3.5% in the first quarter. Vanguard Group Inc. now owns 301,397 shares of the information technology services provider’s stock valued at $4,536,000 after buying an additional 10,151 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in NCI by 6.7% in the first quarter. Geode Capital Management LLC now owns 90,650 shares of the information technology services provider’s stock valued at $1,364,000 after buying an additional 5,688 shares during the last quarter. 34.36% of the stock is owned by institutional investors and hedge funds.
NCI, Inc is a provider of enterprise services and solutions to defense, intelligence, healthcare and civilian government agencies. The Company provides information technology (IT), and professional services and solutions by leveraging its core service offerings, which include cloud computing and IT infrastructure optimization; cybersecurity and information assurance; engineering and logistics support; enterprise information management and advanced analytics; health IT and medical support; IT service management; modeling, simulation, and training, and agile development and integration.
This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/cowen-and-company-analysts-give-nci-inc-ncit-a-24-00-price-target/1893787.html
Receive News & Ratings for NCI Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NCI Inc and related companies with MarketBeat.com's FREE daily email newsletter.