Navient Corporation (NASDAQ:NAVI) Receives Average Recommendation of “Reduce” from Brokerages

by · The Cerbat Gem

Navient Corporation (NASDAQ:NAVI – Get Free Report) has been given a consensus recommendation of “Reduce” by the ten analysts that are currently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $12.8333.

Several analysts recently issued reports on the stock. Keefe, Bruyette & Woods reduced their price target on shares of Navient from $15.00 to $14.50 and set a “market perform” rating for the company in a research report on Wednesday, October 1st. Bank of America cut shares of Navient from a “neutral” rating to an “underperform” rating and set a $12.00 target price on the stock. in a report on Thursday, September 4th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Navient in a report on Monday. Wall Street Zen lowered Navient from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Finally, JPMorgan Chase & Co. decreased their price target on shares of Navient from $14.00 to $12.50 and set a “neutral” rating on the stock in a report on Thursday, October 30th.

Get Our Latest Stock Analysis on Navient

Hedge Funds Weigh In On Navient

A number of institutional investors and hedge funds have recently modified their holdings of NAVI. CWM LLC increased its holdings in Navient by 79.0% in the 3rd quarter. CWM LLC now owns 2,525 shares of the credit services provider’s stock worth $33,000 after acquiring an additional 1,114 shares in the last quarter. Quantbot Technologies LP bought a new position in Navient in the 1st quarter worth about $40,000. Quent Capital LLC bought a new stake in Navient during the 3rd quarter valued at $68,000. New Age Alpha Advisors LLC purchased a new stake in Navient in the first quarter worth about $71,000. Finally, Root Financial Partners LLC purchased a new position in shares of Navient in the 3rd quarter valued at $88,000. 97.14% of the stock is currently owned by hedge funds and other institutional investors.

Navient Trading Up 3.3%

NAVI stock traded up $0.43 during midday trading on Wednesday, reaching $13.48. The stock had a trading volume of 71,226 shares, compared to its average volume of 825,947. Navient has a twelve month low of $10.53 and a twelve month high of $16.07. The company has a quick ratio of 9.41, a current ratio of 9.41 and a debt-to-equity ratio of 16.98. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of -24.94 and a beta of 1.30. The business has a fifty day simple moving average of $12.27 and a two-hundred day simple moving average of $13.12.

Navient (NASDAQ:NAVI – Get Free Report) last announced its quarterly earnings data on Monday, February 28th. The credit services provider reported $0.97 earnings per share (EPS) for the quarter. The company had revenue of $511.00 million for the quarter. Navient had a positive return on equity of 4.12% and a negative net margin of 1.48%. As a group, research analysts expect that Navient will post 1.04 EPS for the current fiscal year.

Navient Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be given a $0.16 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $0.64 dividend on an annualized basis and a yield of 4.7%. Navient’s payout ratio is -118.52%.

Navient Company Profile

(Get Free Report)

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.

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