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Navigant Appoints 2 New Managing Directors for Asia Segment

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Navigant Consulting, Inc. continues to expand its Disputes, Forensics & Legal Technology segment in Asia with the appointment of two new managing directors, Neill Poole in Hong Kong and Gagan Puri in Singapore.

Neill Poole has 30 years of experience as a forensic accountant and has been based in Hong Kong for over 15 years. Before joining Navigant, he held senior positions in various consulting firms. He was responsible for developing the firms’ investigations and litigation support along with expert witness practices.

Gagan Puri has worked in the Big Four firms for around 20 years. He has worked in forensic, dispute, risk consulting and advisory matters across 29 countries. Puri also has experience in large global investigations with cross border ramifications.

Their expertise will enable Navigant provide its customer enhanced services. These experts will help clients in a wide range of commercial litigation, international arbitration, and investor-state disputes by acting as expert witnesses or advisors. By establishing a strong local team to serve clients across Asia, the company will be well positioned to expand its presence in these markets.

Management is taking steps to restructure the business in order to better align capacity with demand. Utilizing its strong cash flow generation capacity, the company continues to return capital to its shareholders and making investments in technology, new capabilities and client channels. At the same time, Navigant is focusing on corporate development efforts to build a very robust pipeline of investment opportunities which is in line with its growth strategy. All these measures augur well for its long-term growth.

However, Navigant has grossly underperformed the Zacks categorized Consulting Services industry in the last three months with an average decline of 13.4% against a gain of 3.8% for the latter. Navigant continues to face challenges on both domestic and international fronts. This is primarily attributable to the difficulties in managing and staffing foreign operations, relatively limited new assignments, currency fluctuations and regulatory stringencies due to the uncertainty in the global economy. We expect these management upgradations to help it outperform the industry in the upcoming quarters.

Navigant currently carries a Zacks Rank #4 (Sell). Some better-ranked stocks in the same space include Gartner, Inc. (IT - Free Report) , NV5 Global, Inc. (NVEE - Free Report) and Hill International, Inc. . NV5 Global and Gartner sport a Zacks Rank #1 (Strong Buy), whereas Hill International carries a Zacks Rank #2 (Buy).You can see the complete list of today’s Zacks #1 Rank stocks here.

NV5 Global has a long-term earnings growth expectation of 20%.

Gartner has an average positive earnings surprise of 17.3%.

Hill International is currently trading at a forward P/E of 56.7x.

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