Navient Corp (NASDAQ:NAVI) has been assigned an average recommendation of “Hold” from the twelve brokerages that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $16.29.
Several research firms recently commented on NAVI. ValuEngine upgraded shares of Navient from a “sell” rating to a “hold” rating in a report on Saturday. Zacks Investment Research lowered shares of Navient from a “hold” rating to a “sell” rating in a report on Tuesday, September 25th. Finally, BidaskClub lowered shares of Navient from a “buy” rating to a “hold” rating in a report on Wednesday, June 13th.
Shares of NAVI stock traded up $0.01 during trading hours on Wednesday, hitting $13.37. 69,358 shares of the company were exchanged, compared to its average volume of 2,914,726. The firm has a market cap of $3.57 billion, a P/E ratio of 7.45 and a beta of 2.15. Navient has a 1 year low of $11.48 and a 1 year high of $15.02. The company has a debt-to-equity ratio of 26.35, a current ratio of 21.92 and a quick ratio of 21.92.
Navient (NASDAQ:NAVI) last announced its quarterly earnings data on Tuesday, July 24th. The credit services provider reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.05. The business had revenue of $330.00 million for the quarter, compared to analyst estimates of $314.00 million. Navient had a net margin of 5.72% and a return on equity of 13.95%. The company’s revenue was down 3.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.43 EPS. Analysts expect that Navient will post 1.92 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 21st. Investors of record on Friday, September 7th were issued a $0.16 dividend. The ex-dividend date of this dividend was Thursday, September 6th. This represents a $0.64 annualized dividend and a yield of 4.79%. Navient’s payout ratio is 35.75%.
Large investors have recently modified their holdings of the business. Bank of New York Mellon Corp increased its stake in Navient by 25.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,937,215 shares of the credit services provider’s stock worth $51,301,000 after purchasing an additional 799,292 shares in the last quarter. Advisors Asset Management Inc. increased its stake in Navient by 20.7% in the 2nd quarter. Advisors Asset Management Inc. now owns 30,473 shares of the credit services provider’s stock worth $397,000 after purchasing an additional 5,233 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in Navient by 10.6% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 146,763 shares of the credit services provider’s stock worth $1,912,000 after purchasing an additional 14,053 shares in the last quarter. Verition Fund Management LLC increased its stake in Navient by 714.1% in the 2nd quarter. Verition Fund Management LLC now owns 96,191 shares of the credit services provider’s stock worth $1,253,000 after purchasing an additional 84,375 shares in the last quarter. Finally, Sapience Investments LLC purchased a new position in Navient in the 2nd quarter worth about $10,344,000. 91.83% of the stock is owned by institutional investors.
Navient Corporation provides asset management and business processing services to education, health care, and government clients at the federal, state, and local levels in the United States. The company operates in three segments: Federal Family Education Loan Program (FFELP) Loans, Private Education Loans, and Business Services.
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