Navient Corp (NASDAQ:NAVI) Receives Consensus Recommendation of “Buy” from Analysts

Share on StockTwits

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.

A number of institutional investors and hedge funds have recently modified their holdings of NAVI. Doyle Wealth Management bought a new stake in shares of Navient during the fourth quarter worth $46,000. Bessemer Group Inc. lifted its position in shares of Navient by 165.5% during the fourth quarter. Bessemer Group Inc. now owns 5,437 shares of the credit services provider’s stock worth $48,000 after purchasing an additional 3,389 shares during the last quarter. Thor Advisors LLC bought a new stake in shares of Navient during the first quarter worth $67,000. Jane Street Group LLC bought a new stake in shares of Navient during the fourth quarter worth $93,000. Finally, Oregon Public Employees Retirement Fund lifted its position in shares of Navient by 781.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 907,606 shares of the credit services provider’s stock worth $103,000 after purchasing an additional 804,586 shares during the last quarter. Institutional investors own 94.09% of the company’s stock.

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%.

About Navient

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.

Featured Story: How do taxes affect a CDs total return?

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.



Latest News

William I. Jacobs Sells 600 Shares of Global Payments Inc  Stock
William I. Jacobs Sells 600 Shares of Global Payments Inc Stock
Stewart Butterfield Sells 2,500 Shares of Slack  Stock
Stewart Butterfield Sells 2,500 Shares of Slack Stock
Alice Lindsay Caulder Sells 501 Shares of World Acceptance Corp.  Stock
Alice Lindsay Caulder Sells 501 Shares of World Acceptance Corp. Stock
Insider Buying: ALS Ltd  Insider Buys 14,983 Shares of Stock
Insider Buying: ALS Ltd Insider Buys 14,983 Shares of Stock
Opko Health Inc.  CEO Purchases $106,000.00 in Stock
Opko Health Inc. CEO Purchases $106,000.00 in Stock
Robert Langer Sells 7,500 Shares of Rubius Therapeutics Inc  Stock
Robert Langer Sells 7,500 Shares of Rubius Therapeutics Inc Stock


© 2006-2019 Ticker Report