Navient Corp (NAVI) Receives $15.79 Average Target Price from Brokerages

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Shares of Navient Corp (NASDAQ:NAVI) have received a consensus rating of “Hold” from the eleven research firms that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $16.35.

Several equities research analysts have recently commented on the company. ValuEngine raised Navient from a “sell” rating to a “hold” rating in a report on Tuesday, September 18th. Zacks Investment Research downgraded Navient from a “hold” rating to a “sell” rating in a report on Tuesday, September 25th. BidaskClub downgraded Navient from a “hold” rating to a “sell” rating in a report on Friday, October 12th. Citigroup reduced their target price on Navient from $20.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, October 25th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Navient in a report on Thursday, October 25th.

Shares of Navient stock opened at $11.57 on Friday. The company has a quick ratio of 21.92, a current ratio of 20.36 and a debt-to-equity ratio of 25.59. The firm has a market capitalization of $3.10 billion, a PE ratio of 6.46 and a beta of 2.15. Navient has a fifty-two week low of $11.30 and a fifty-two week high of $15.02.

Navient (NASDAQ:NAVI) last announced its quarterly earnings data on Tuesday, October 23rd. The credit services provider reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.04. Navient had a return on equity of 13.43% and a net margin of 4.29%. The business had revenue of $327.00 million during the quarter, compared to analyst estimates of $310.17 million. During the same quarter in the prior year, the firm posted $0.55 earnings per share. The company’s revenue was down 5.2% on a year-over-year basis. Equities analysts anticipate that Navient will post 1.91 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in NAVI. Sei Investments Co. lifted its holdings in shares of Navient by 37.9% during the first quarter. Sei Investments Co. now owns 19,543 shares of the credit services provider’s stock valued at $256,000 after purchasing an additional 5,375 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in Navient by 11.7% in the 1st quarter. Allianz Asset Management GmbH now owns 115,158 shares of the credit services provider’s stock worth $1,510,000 after acquiring an additional 12,101 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Navient by 18.4% in the 1st quarter. The Manufacturers Life Insurance Company now owns 362,132 shares of the credit services provider’s stock worth $4,752,000 after acquiring an additional 56,168 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake in Navient by 15.9% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 27,208 shares of the credit services provider’s stock worth $357,000 after acquiring an additional 3,740 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in Navient by 2.4% in the 1st quarter. Royal Bank of Canada now owns 785,584 shares of the credit services provider’s stock worth $10,307,000 after acquiring an additional 18,754 shares in the last quarter. 92.07% of the stock is owned by institutional investors and hedge funds.

About Navient

Navient Corporation provides asset management and business processing services to education, health care, and government clients at the federal, state, and local levels in the United States. The company operates in three segments: Federal Family Education Loan Program (FFELP) Loans, Private Education Loans, and Business Services.

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Analyst Recommendations for Navient (NASDAQ:NAVI)

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