Navient Co. (NASDAQ:NAVI) Given Average Recommendation of “Hold” by Brokerages

Navient Co. (NASDAQ:NAVIGet Rating) has been given a consensus recommendation of “Hold” by the fourteen ratings firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $20.56.

A number of analysts have recently commented on NAVI shares. TheStreet cut shares of Navient from a “b” rating to a “c+” rating in a report on Tuesday, January 25th. StockNews.com began coverage on shares of Navient in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. JPMorgan Chase & Co. cut shares of Navient from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $21.00 to $17.00 in a research note on Monday, April 11th. Compass Point cut shares of Navient from a “buy” rating to a “neutral” rating and set a $18.00 price target on the stock. in a research note on Thursday, March 31st. Finally, Credit Suisse Group dropped their price target on shares of Navient from $20.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, January 27th.

Shares of NAVI stock opened at $16.45 on Monday. Navient has a 12 month low of $14.84 and a 12 month high of $23.80. The stock has a market cap of $2.50 billion, a PE ratio of 4.09 and a beta of 1.72. The company has a current ratio of 30.68, a quick ratio of 30.68 and a debt-to-equity ratio of 28.56. The company’s fifty day moving average price is $17.15 and its 200-day moving average price is $19.05.

Navient (NASDAQ:NAVIGet Rating) last announced its earnings results on Tuesday, January 25th. The credit services provider reported ($0.43) EPS for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($1.28). Navient had a net margin of 20.76% and a return on equity of 20.46%. The business had revenue of $272.00 million for the quarter, compared to the consensus estimate of $281.89 million. During the same quarter last year, the firm posted $0.88 EPS. The business’s quarterly revenue was down 13.4% on a year-over-year basis. On average, sell-side analysts forecast that Navient will post 3.02 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 18th. Stockholders of record on Friday, March 4th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 3.89%. The ex-dividend date of this dividend was Thursday, March 3rd. Navient’s payout ratio is currently 15.92%.

In related news, EVP Stephen M. Hauber sold 3,161 shares of the business’s stock in a transaction that occurred on Thursday, February 3rd. The stock was sold at an average price of $17.66, for a total transaction of $55,823.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Newbury Investors Llc acquired 315,408 shares of the business’s stock in a transaction that occurred on Thursday, March 31st. The shares were bought at an average price of $17.13 per share, with a total value of $5,402,939.04. The disclosure for this purchase can be found here. 2.85% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of NAVI. Allianz Asset Management GmbH boosted its stake in Navient by 536.9% in the 3rd quarter. Allianz Asset Management GmbH now owns 1,683,262 shares of the credit services provider’s stock worth $33,210,000 after purchasing an additional 1,418,986 shares during the period. North Star Asset Management Inc. bought a new position in Navient in the 4th quarter worth approximately $19,108,000. Morgan Stanley boosted its stake in Navient by 224.3% in the 2nd quarter. Morgan Stanley now owns 1,119,626 shares of the credit services provider’s stock worth $21,642,000 after purchasing an additional 774,347 shares during the period. Goldman Sachs Group Inc. boosted its stake in Navient by 55.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,185,629 shares of the credit services provider’s stock worth $25,159,000 after purchasing an additional 425,200 shares during the period. Finally, Citigroup Inc. boosted its position in shares of Navient by 399.0% during the 3rd quarter. Citigroup Inc. now owns 491,180 shares of the credit services provider’s stock valued at $9,691,000 after acquiring an additional 392,744 shares during the last quarter. Institutional investors and hedge funds own 77.13% of the company’s stock.

About Navient (Get Rating)

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 through three segments: Federal Education Loans, Consumer Lending, and Business Processing.

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Analyst Recommendations for Navient (NASDAQ:NAVI)

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