Navient (NASDAQ:NAVI – Get Rating) was upgraded by Morgan Stanley from an “underweight” rating to an “equal weight” rating in a report released on Thursday, The Fly reports. The firm currently has a $16.00 price objective on the credit services provider’s stock, up from their prior price objective of $14.00. Morgan Stanley’s target price points to a potential downside of 3.44% from the company’s previous close.
NAVI has been the topic of a number of other reports. StockNews.com raised shares of Navient from a “hold” rating to a “buy” rating in a research note on Tuesday, November 8th. Barclays raised their target price on shares of Navient from $13.00 to $16.00 in a research note on Thursday, October 13th. Citigroup lowered their target price on shares of Navient from $18.00 to $15.00 in a research note on Thursday, October 13th. Credit Suisse Group lowered their target price on shares of Navient to $14.00 in a research note on Thursday, October 27th. Finally, Jefferies Financial Group decreased their price target on shares of Navient from $24.00 to $18.00 in a research note on Tuesday, October 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $16.39.
Navient Price Performance
Shares of NASDAQ:NAVI opened at $16.57 on Thursday. The company has a 50-day moving average price of $15.19 and a two-hundred day moving average price of $15.18. The company has a quick ratio of 12.32, a current ratio of 12.32 and a debt-to-equity ratio of 21.53. Navient has a twelve month low of $12.45 and a twelve month high of $22.59. The firm has a market capitalization of $2.25 billion, a PE ratio of 4.64 and a beta of 1.55.
Navient (NASDAQ:NAVI – Get Rating) last released its quarterly earnings data on Tuesday, October 25th. The credit services provider reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.02). Navient had a net margin of 15.08% and a return on equity of 10.97%. The firm had revenue of $247.00 million during the quarter, compared to the consensus estimate of $279.19 million. Equities analysts forecast that Navient will post 3.39 EPS for the current year.
Institutional Trading of Navient
Several large investors have recently added to or reduced their stakes in NAVI. Lazard Asset Management LLC bought a new stake in Navient in the third quarter valued at $27,000. Steward Partners Investment Advisory LLC bought a new stake in Navient in the first quarter valued at $35,000. Signaturefd LLC boosted its holdings in shares of Navient by 89.2% during the 3rd quarter. Signaturefd LLC now owns 2,937 shares of the credit services provider’s stock valued at $43,000 after buying an additional 1,385 shares in the last quarter. Carolina Wealth Advisors LLC boosted its holdings in shares of Navient by 15.5% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 4,974 shares of the credit services provider’s stock valued at $70,000 after buying an additional 667 shares in the last quarter. Finally, Covestor Ltd boosted its holdings in shares of Navient by 87.4% during the 1st quarter. Covestor Ltd now owns 5,042 shares of the credit services provider’s stock valued at $86,000 after buying an additional 2,352 shares in the last quarter. Institutional investors own 93.65% of the company’s stock.
About Navient
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.
Further Reading
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