Noble Financial Upgrades NCI to Hold (NCIT)

By admin | 6 years ago

NCI (NASDAQ: NCIT) was upgraded by equities research analysts at Noble Financial from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

NCIT has been the subject of a number of other recent research reports. Analysts at Wells Fargo & Co. (NYSE: WFC) upgraded shares of NCI from an “underperform” rating to a “market perform” rating in a research note to investors on Thursday, April 26th. Separately, analysts at BB&T (NYSE: BBT) upgraded shares of NCI from an “underweight” rating to a “hold” rating in a research note to investors on Wednesday, March 28th. Finally, analysts at FBR Capital (NASDAQ: FBCM) cut their price target on shares of NCI from $22.00 to $9.00 in a research note to investors on Friday, February 17th. They now have a “market perform” rating on the stock.

NCI traded up 1.39% on Thursday, hitting $5.10. NCI has a 1-year low of $4.73 and a 1-year high of $24.25. The company has a market cap of $69.3 million and a price-to-earnings ratio of 7.63.

The company last announced its quarterly results on Wednesday, May 2nd. It reported $0.12 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.09 EPS by $0.03. The company’s quarterly revenue was down 34.0% on a year-over-year basis. On average, analysts predict that NCI will post $0.06 earnings per share next quarter.

NCI, Inc. (NCI) is a provider of information technology (IT), engineering, logistics, and professional services and solutions to Federal Government agencies.

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