Navient (NASDAQ:NAVI) Raised to “Buy” at StockNews.com

Navient (NASDAQ:NAVI) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Friday.

Several other research firms have also weighed in on NAVI. Keefe, Bruyette & Woods upped their price objective on Navient from $15.00 to $16.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. boosted their price target on Navient from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, October 7th. TD Cowen cut their price objective on Navient from $14.00 to $13.00 and set a “sell” rating for the company in a report on Friday. Bank of America started coverage on shares of Navient in a report on Monday, September 30th. They issued a “neutral” rating and a $17.00 target price on the stock. Finally, Barclays boosted their price target on shares of Navient from $10.00 to $11.00 and gave the company an “underweight” rating in a research report on Tuesday, October 8th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $15.78.

Navient Price Performance

NASDAQ:NAVI opened at $13.99 on Friday. The company has a debt-to-equity ratio of 16.59, a quick ratio of 9.99 and a current ratio of 9.49. The company has a 50-day moving average of $15.58 and a 200-day moving average of $15.29. Navient has a 52 week low of $13.95 and a 52 week high of $19.68. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 20.28 and a beta of 1.39.

Institutional Trading of Navient

Hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC acquired a new position in Navient during the 1st quarter worth $36,000. IAG Wealth Partners LLC bought a new stake in Navient during the 2nd quarter worth about $50,000. Signaturefd LLC lifted its position in Navient by 22.1% during the 2nd quarter. Signaturefd LLC now owns 4,797 shares of the credit services provider’s stock valued at $70,000 after purchasing an additional 869 shares during the period. nVerses Capital LLC acquired a new position in Navient during the 3rd quarter valued at about $87,000. Finally, Harbor Capital Advisors Inc. acquired a new stake in shares of Navient during the 3rd quarter worth approximately $95,000. 97.14% of the stock is owned by institutional investors.

Navient Company Profile

Navient Corporation provides technology-enabled education finance and business processing solutions for education, health care, and government clients in the United States. It operates through three segments: Federal Education Loans, Consumer Lending, and Business Processing. The company owns Federal Family Education Loan Program (FFELP) loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing on its portfolios, as well as federal education loans held by other institutions.