Navient Corporation (NASDAQ:NAVI)‘s stock had its “hold” rating reissued by analysts at BMO Capital Markets in a report issued on Thursday. They presently have a $16.00 target price on the credit services provider’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 4.71% from the stock’s current price.
A number of other equities research analysts have also weighed in on the stock. Barclays PLC set a $20.00 target price on shares of Navient Corporation and gave the stock a “buy” rating in a report on Wednesday, April 12th. Keefe, Bruyette & Woods set a $20.00 price target on shares of Navient Corporation and gave the stock a “buy” rating in a research note on Thursday, April 6th. Zacks Investment Research upgraded shares of Navient Corporation from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research note on Wednesday, April 5th. Jefferies Group LLC restated a “buy” rating on shares of Navient Corporation in a research note on Monday, June 12th. Finally, BidaskClub raised shares of Navient Corporation from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. One analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $18.41.
Shares of Navient Corporation (NAVI) opened at 15.29 on Thursday. The firm has a 50 day moving average price of $15.85 and a 200 day moving average price of $15.31. Navient Corporation has a 1-year low of $12.66 and a 1-year high of $17.95. The firm has a market cap of $4.36 billion, a P/E ratio of 8.04 and a beta of 2.48.
Navient Corporation (NASDAQ:NAVI) last released its quarterly earnings data on Tuesday, July 18th. The credit services provider reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.02. The company had revenue of $343 million for the quarter, compared to analysts’ expectations of $331.67 million. Navient Corporation had a net margin of 11.50% and a return on equity of 13.91%. The business’s revenue was down 15.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.47 EPS. Analysts anticipate that Navient Corporation will post $1.79 EPS for the current year.
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In other news, Director Gilleland Diane Suitt sold 5,467 shares of the business’s stock in a transaction that occurred on Monday, April 24th. The shares were sold at an average price of $15.89, for a total transaction of $86,870.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.68% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Coconut Grove Bank boosted its position in Navient Corporation by 107.1% in the first quarter. Coconut Grove Bank now owns 6,960 shares of the credit services provider’s stock valued at $103,000 after buying an additional 3,600 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in Navient Corporation by 1.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 6,952 shares of the credit services provider’s stock valued at $103,000 after buying an additional 118 shares during the last quarter. Ameritas Investment Partners Inc. bought a new position in Navient Corporation during the first quarter valued at $112,000. Creative Planning boosted its position in Navient Corporation by 7.2% in the second quarter. Creative Planning now owns 7,066 shares of the credit services provider’s stock valued at $118,000 after buying an additional 472 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in Navient Corporation during the first quarter valued at $153,000. 94.39% of the stock is owned by hedge funds and other institutional investors.
Navient Corporation Company Profile
Navient Corporation provides asset management and business processing services to education, healthcare and government clients at the federal, state and local levels. The Company holds the portfolio of education loans insured or federally guaranteed under the Federal Family Education Loan Program (FFELP).
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