Navient Corp (NASDAQ:NAVI) has received an average recommendation of “Buy” from the eight brokerages that are covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $15.63.
A number of research analysts have recently commented on NAVI shares. Oppenheimer reiterated a “hold” rating on shares of Navient in a research report on Monday, March 25th. ValuEngine upgraded Navient from a “strong sell” rating to a “sell” rating in a research report on Tuesday, February 19th. BidaskClub upgraded Navient from a “hold” rating to a “buy” rating in a research report on Saturday, May 4th. BMO Capital Markets increased their target price on Navient from $14.00 to $16.00 and gave the company a “market perform” rating in a research report on Thursday, April 25th. Finally, JPMorgan Chase & Co. upgraded Navient from a “neutral” rating to an “overweight” rating and increased their target price for the company from $12.50 to $14.50 in a research report on Thursday, April 25th.
In other news, EVP Stephen M. Hauber sold 9,000 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $13.63, for a total transaction of $122,670.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.85% of the stock is currently owned by corporate insiders.
NAVI traded down $0.21 during trading on Monday, reaching $13.12. 1,281,323 shares of the company traded hands, compared to its average volume of 1,754,103. The company has a current ratio of 12.43, a quick ratio of 12.43 and a debt-to-equity ratio of 25.60. Navient has a 12-month low of $8.23 and a 12-month high of $14.48. The business’s fifty day simple moving average is $13.37. The stock has a market capitalization of $3.21 billion, a P/E ratio of 6.28, a P/E/G ratio of 2.08 and a beta of 2.19.
Navient (NASDAQ:NAVI) last announced its quarterly earnings data on Tuesday, April 23rd. The credit services provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.12. Navient had a net margin of 6.99% and a return on equity of 15.10%. The business had revenue of $285.00 million during the quarter, compared to analyst estimates of $304.67 million. During the same period last year, the firm posted $0.43 EPS. On average, equities research analysts predict that Navient will post 2.14 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be given a dividend of $0.16 per share. The ex-dividend date is Thursday, June 6th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.88%. Navient’s dividend payout ratio is currently 30.62%.
Navient Corporation provides education loan management and business processing solutions for education, healthcare, and government clients at the federal, state, and local levels in the United States. It operates in three segments: Federal Education Loans, Consumer Lending, and Business Processing. The company holds and acquires Federal Family Education Loan Program loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing and asset recovery services on its own loan portfolio, and federal education loans owned by the United States Department of Education and other institutions.
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