Somewhat Positive Press Coverage Extremely Likely to Impact Navient Corporation (NAVI) Share Price

Press coverage about Navient Corporation (NASDAQ:NAVI) has been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Navient Corporation earned a news sentiment score of 0.22 on Accern’s scale. Accern also gave media stories about the credit services provider an impact score of 100 out of 100, meaning that recent media coverage is extremely likely to have an effect on the stock’s share price in the immediate future.

Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:

Several equities analysts have recently issued reports on NAVI shares. BidaskClub raised Navient Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Jefferies Group LLC reissued a “hold” rating and set a $16.00 target price on shares of Navient Corporation in a research note on Friday, July 21st. Wedbush reaffirmed a “neutral” rating and issued a $16.50 price target on shares of Navient Corporation in a research note on Tuesday, April 18th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $20.00 price target on shares of Navient Corporation in a research note on Friday, July 14th. Finally, Zacks Investment Research cut Navient Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $18.55.

Navient Corporation (NASDAQ NAVI) traded down 0.15% on Friday, reaching $13.68. The company’s stock had a trading volume of 1,485,345 shares. The company has a market capitalization of $3.75 billion, a price-to-earnings ratio of 7.09 and a beta of 2.43. The firm’s 50 day moving average price is $15.54 and its 200-day moving average price is $15.12. Navient Corporation has a 1-year low of $12.66 and a 1-year high of $17.95.

Navient Corporation (NASDAQ:NAVI) last released its quarterly earnings results 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. Navient Corporation had a return on equity of 14.05% and a net margin of 11.50%. The firm had revenue of $343 million for the quarter, compared to analyst estimates of $331.67 million. During the same quarter last year, the company posted $0.47 earnings per share. The business’s revenue was down 15.9% on a year-over-year basis. Equities analysts forecast that Navient Corporation will post $1.76 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date of this dividend is Wednesday, August 30th. Navient Corporation’s dividend payout ratio is currently 33.68%.

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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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