Navient Corporation (NASDAQ:NAVI) Receives $9.29 Consensus PT from Analysts

Shares of Navient Corporation (NASDAQ:NAVI) have been assigned a consensus rating of “Reduce” from the nine analysts that are presently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $9.2857.

A number of research analysts have recently commented on NAVI shares. Barclays upped their price objective on shares of Navient from $7.00 to $8.00 and gave the company an “underweight” rating in a research report on Thursday, April 30th. Zacks Research raised shares of Navient from a “strong sell” rating to a “hold” rating in a research report on Monday, March 30th. TD Cowen upped their price objective on shares of Navient from $8.00 to $9.00 and gave the company a “sell” rating in a research report on Thursday, April 30th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Navient in a research report on Friday, March 27th. Finally, Wall Street Zen raised shares of Navient from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th.

Navient Stock Down 2.6%

Navient stock opened at $8.32 on Friday. The firm has a market cap of $782.00 million, a price-to-earnings ratio of -13.21 and a beta of 1.24. The company has a debt-to-equity ratio of 16.49, a current ratio of 7.67 and a quick ratio of 7.67. Navient has a fifty-two week low of $7.80 and a fifty-two week high of $16.07. The firm has a fifty day moving average price of $8.47 and a two-hundred day moving average price of $10.60.

Navient (NASDAQ:NAVI) last released its earnings results on Wednesday, April 29th. The credit services provider reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. The firm had revenue of $152.00 million during the quarter, compared to analyst estimates of $141.47 million. Navient had a negative net margin of 1.94% and a positive return on equity of 4.39%. During the same quarter in the previous year, the business earned $0.25 EPS. As a group, analysts forecast that Navient will post 0.71 earnings per share for the current year.

Navient Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Friday, March 6th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, March 6th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 7.7%. Navient’s dividend payout ratio is currently -101.59%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. raised its position in shares of Navient by 176.3% during the first quarter. PNC Financial Services Group Inc. now owns 11,681 shares of the credit services provider’s stock valued at $96,000 after buying an additional 7,453 shares during the last quarter. Parallel Advisors LLC increased its stake in Navient by 325.6% in the first quarter. Parallel Advisors LLC now owns 5,005 shares of the credit services provider’s stock valued at $41,000 after acquiring an additional 3,829 shares during the period. Greenwood Gearhart LLC bought a new stake in Navient in the first quarter valued at about $84,000. Illinois Municipal Retirement Fund increased its stake in Navient by 4.4% in the first quarter. Illinois Municipal Retirement Fund now owns 38,948 shares of the credit services provider’s stock valued at $319,000 after acquiring an additional 1,654 shares during the period. Finally, IMC Chicago LLC bought a new stake in Navient in the first quarter valued at about $143,000. Institutional investors and hedge funds own 97.14% of the company’s stock.

Navient Company Profile

Navient Corporation (NASDAQ: NAVI) is a specialized provider of asset management and business processing solutions, with a primary focus on student loan servicing. Established in 2014 through the separation from Sallie Mae, Navient assumed responsibility for servicing federal and private education loans, positioning itself as one of the largest servicers of higher education debt in the United States.

The company’s core activities center on federal student loan servicing under contracts with the U.S.