Navient Corp (NAVI) Given Consensus Rating of “Hold” by Analysts

Share on StockTwits

Navient Corp (NASDAQ:NAVI) has been given a consensus recommendation of “Hold” by the ten brokerages that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $15.75.

Several analysts have weighed in on NAVI shares. ValuEngine downgraded shares of Navient from a “hold” rating to a “sell” rating in a research note on Saturday, October 27th. Citigroup lowered their price objective on shares of Navient from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, October 25th. Zacks Investment Research downgraded shares of Navient from a “hold” rating to a “sell” rating in a research note on Tuesday, September 25th. Finally, BidaskClub downgraded shares of Navient from a “sell” rating to a “strong sell” rating in a research note on Thursday, December 13th.

Shares of NASDAQ:NAVI opened at $10.45 on Friday. Navient has a 52-week low of $8.23 and a 52-week high of $15.02. The firm has a market capitalization of $2.68 billion, a P/E ratio of 5.84 and a beta of 2.13. The company has a quick ratio of 19.74, a current ratio of 19.74 and a debt-to-equity ratio of 25.59.

Navient (NASDAQ:NAVI) last posted its quarterly earnings results on Tuesday, October 23rd. The credit services provider reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.04. The business had revenue of $327.00 million during the quarter, compared to the consensus estimate of $310.17 million. Navient had a net margin of 4.29% and a return on equity of 13.43%. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.55 earnings per share. Sell-side analysts predict that Navient will post 1.97 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 21st. Shareholders of record on Friday, December 7th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 6.12%. The ex-dividend date of this dividend was Thursday, December 6th. Navient’s dividend payout ratio (DPR) is presently 35.75%.

A number of institutional investors and hedge funds have recently made changes to their positions in NAVI. Gryphon Financial Partners LLC grew its holdings in shares of Navient by 212.9% during the third quarter. Gryphon Financial Partners LLC now owns 10,113 shares of the credit services provider’s stock valued at $137,000 after buying an additional 6,881 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in Navient by 347.6% during the second quarter. Oregon Public Employees Retirement Fund now owns 130,979 shares of the credit services provider’s stock valued at $1,707,000 after purchasing an additional 101,714 shares during the period. Paloma Partners Management Co lifted its position in Navient by 823.8% during the third quarter. Paloma Partners Management Co now owns 201,122 shares of the credit services provider’s stock valued at $2,711,000 after purchasing an additional 179,352 shares during the period. Dynamic Technology Lab Private Ltd lifted its position in Navient by 183.9% during the third quarter. Dynamic Technology Lab Private Ltd now owns 32,975 shares of the credit services provider’s stock valued at $445,000 after purchasing an additional 21,360 shares during the period. Finally, Eaton Vance Management lifted its position in Navient by 1.1% during the third quarter. Eaton Vance Management now owns 3,793,232 shares of the credit services provider’s stock valued at $51,133,000 after purchasing an additional 42,260 shares during the period. Institutional investors and hedge funds own 93.51% of the company’s stock.

Navient Company Profile

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.

Recommended Story: How to Profit and Limit Losses With Stop Orders

Analyst Recommendations for Navient (NASDAQ:NAVI)

Receive News & Ratings for Navient Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navient and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply