Navient (NAVI) Receiving Somewhat Favorable Press Coverage, Accern Reports

News coverage about Navient (NASDAQ:NAVI) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Navient earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave media headlines about the credit services provider an impact score of 46.2197692234164 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the news stories that may have effected Accern Sentiment’s scoring:

Navient (NASDAQ:NAVI) traded down $0.16 during mid-day trading on Tuesday, hitting $13.53. 3,329,160 shares of the company traded hands, compared to its average volume of 3,002,500. The company has a debt-to-equity ratio of 30.58, a quick ratio of 33.10 and a current ratio of 33.10. Navient has a 52 week low of $11.48 and a 52 week high of $17.05. The company has a market cap of $3,580.00, a price-to-earnings ratio of 7.43 and a beta of 2.33.

Navient (NASDAQ:NAVI) last released its earnings results on Tuesday, October 17th. The credit services provider reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.05. Navient had a net margin of 10.88% and a return on equity of 14.09%. The company had revenue of $343.00 million for the quarter, compared to analyst estimates of $361.33 million. During the same quarter last year, the firm earned $0.50 EPS. The firm’s quarterly revenue was down 15.3% compared to the same quarter last year. equities analysts predict that Navient will post 1.76 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 4.73%. The ex-dividend date of this dividend was Thursday, November 30th. Navient’s dividend payout ratio is currently 35.16%.

Navient declared that its board has approved a stock buyback plan on Wednesday, October 4th that allows the company to buyback outstanding shares. This buyback authorization allows the credit services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board believes its shares are undervalued.

A number of brokerages have recently commented on NAVI. Zacks Investment Research lowered shares of Navient from a “hold” rating to a “sell” rating in a report on Tuesday. Oppenheimer began coverage on shares of Navient in a report on Monday. They issued a “hold” rating on the stock. UBS Group began coverage on shares of Navient in a report on Monday. They issued a “market perform” rating on the stock. Compass Point lowered shares of Navient from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $16.50 to $15.50 in a report on Thursday, October 5th. Finally, ValuEngine raised shares of Navient from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. Navient presently has an average rating of “Hold” and an average target price of $17.70.

In other Navient news, CFO Christian M. Lown bought 6,000 shares of Navient stock in a transaction that occurred on Friday, October 20th. The shares were bought at an average price of $12.35 per share, with a total value of $74,100.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.68% of the stock is currently owned by company insiders.

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About Navient

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).

Insider Buying and Selling by Quarter for Navient (NASDAQ:NAVI)

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