Navient Co. (NASDAQ:NAVI – Get Rating) has received a consensus recommendation of “Hold” from the twelve analysts that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $17.86.
A number of research firms have weighed in on NAVI. JPMorgan Chase & Co. lowered shares of Navient from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $21.00 to $17.00 in a research note on Monday, April 11th. Keefe, Bruyette & Woods lowered their target price on shares of Navient from $18.00 to $17.00 in a report on Monday, July 11th. Citigroup increased their target price on shares of Navient from $16.00 to $18.00 in a report on Thursday, July 28th. Barclays decreased their price objective on shares of Navient from $25.00 to $18.00 and set an “overweight” rating for the company in a report on Monday, July 11th. Finally, Compass Point decreased their price objective on shares of Navient to $15.00 in a report on Monday, July 25th.
Navient Stock Down 4.2 %
Navient stock opened at $15.91 on Wednesday. Navient has a 1-year low of $12.45 and a 1-year high of $23.80. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 4.12 and a beta of 1.67. The firm’s fifty day moving average price is $14.88 and its two-hundred day moving average price is $16.36. The company has a current ratio of 15.69, a quick ratio of 15.69 and a debt-to-equity ratio of 23.14.
Navient (NASDAQ:NAVI – Get Rating) last released its quarterly earnings data on Tuesday, July 26th. The credit services provider reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.09. Navient had a net margin of 18.11% and a return on equity of 12.79%. During the same period last year, the business earned $0.94 EPS. On average, equities research analysts predict that Navient will post 3.41 earnings per share for the current fiscal year.
Navient Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 17th. Investors of record on Friday, June 3rd were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend was Thursday, June 2nd. Navient’s payout ratio is 16.58%.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the company. US Bancorp DE increased its stake in shares of Navient by 5.6% in the second quarter. US Bancorp DE now owns 11,481 shares of the credit services provider’s stock worth $161,000 after buying an additional 612 shares during the period. O Shaughnessy Asset Management LLC increased its stake in shares of Navient by 3.0% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 21,043 shares of the credit services provider’s stock worth $447,000 after buying an additional 619 shares during the period. Carolina Wealth Advisors LLC increased its stake in shares of Navient by 15.5% in the second quarter. Carolina Wealth Advisors LLC now owns 4,974 shares of the credit services provider’s stock worth $70,000 after buying an additional 667 shares during the period. Full18 Capital LLC increased its stake in shares of Navient by 1.9% in the fourth quarter. Full18 Capital LLC now owns 41,634 shares of the credit services provider’s stock worth $820,000 after buying an additional 787 shares during the period. Finally, Teacher Retirement System of Texas increased its stake in shares of Navient by 2.6% in the first quarter. Teacher Retirement System of Texas now owns 33,370 shares of the credit services provider’s stock worth $569,000 after buying an additional 856 shares during the period. 80.27% of the stock is owned by hedge funds and other institutional investors.
Navient Company Profile
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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Source: defenseworld.net
