Navient’s (NAVI) Sell (D+) Rating Reiterated at Weiss Ratings

Navient (NASDAQ:NAVI)‘s stock had its “sell (d+)” rating reiterated by Weiss Ratings in a report issued on Saturday,Weiss Ratings reports.

A number of other analysts have also recently commented on NAVI. Keefe, Bruyette & Woods cut their price target on shares of Navient from $15.00 to $14.50 and set a “market perform” rating on the stock in a research report on Wednesday, October 1st. Morgan Stanley reduced their target price on shares of Navient from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Thursday, July 31st. JPMorgan Chase & Co. cut their price objective on shares of Navient from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Tuesday, October 7th. Finally, Bank of America downgraded shares of Navient from a “neutral” rating to an “underperform” rating and set a $12.00 price target for the company. in a report on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $13.07.

Navient Trading Up 1.0%

Shares of NASDAQ:NAVI opened at $12.82 on Friday. The company has a quick ratio of 9.94, a current ratio of 9.94 and a debt-to-equity ratio of 16.52. The stock has a market cap of $1.27 billion, a PE ratio of 41.36 and a beta of 1.34. The business has a 50 day moving average of $13.03 and a 200-day moving average of $13.20. Navient has a 12-month low of $10.53 and a 12-month high of $16.15.

Navient (NASDAQ:NAVI) last announced its quarterly earnings data on Monday, February 28th. The credit services provider reported $0.97 EPS for the quarter. The business had revenue of $511.00 million during the quarter. Navient had a net margin of 0.89% and a return on equity of 4.08%. As a group, equities research analysts forecast that Navient will post 1.04 earnings per share for the current year.

Hedge Funds Weigh In On Navient

Hedge funds and other institutional investors have recently modified their holdings of the stock. CWM LLC raised its stake in shares of Navient by 79.0% in the third quarter. CWM LLC now owns 2,525 shares of the credit services provider’s stock valued at $33,000 after acquiring an additional 1,114 shares during the period. Quantbot Technologies LP purchased a new position in Navient during the 1st quarter valued at about $40,000. New Age Alpha Advisors LLC purchased a new position in Navient during the 1st quarter valued at about $71,000. Covestor Ltd grew its position in shares of Navient by 15.7% in the 1st quarter. Covestor Ltd now owns 7,303 shares of the credit services provider’s stock worth $92,000 after buying an additional 993 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of Navient by 77.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 7,766 shares of the credit services provider’s stock worth $109,000 after buying an additional 3,378 shares during the last quarter. Institutional investors own 97.14% of the company’s stock.

About Navient

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.