Navient (NAVI) Stock Rating Lowered by ValuEngine

ValuEngine downgraded shares of Navient (NASDAQ:NAVI) from a strong-buy rating to a buy rating in a report issued on Friday.

Several other analysts have also recently issued reports on NAVI. Compass Point cut shares of Navient from a buy rating to a neutral rating and lowered their target price for the stock from $16.50 to $15.50 in a research note on Thursday, October 5th. Zacks Investment Research cut shares of Navient from a hold rating to a sell rating in a research note on Thursday, October 12th. Citigroup started coverage on shares of Navient in a research note on Monday, October 16th. They issued a buy rating and a $20.00 target price on the stock. Jefferies Group reiterated a hold rating and issued a $16.00 target price on shares of Navient in a research note on Monday, October 16th. Finally, BMO Capital Markets lowered their target price on shares of Navient from $16.00 to $14.00 and set a market perform rating on the stock in a research note on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $17.45.

Shares of Navient (NAVI) opened at $14.21 on Friday. The company has a market cap of $3,737.40, a P/E ratio of 14.07, a P/E/G ratio of 1.24 and a beta of 2.30. The company has a debt-to-equity ratio of 30.13, a quick ratio of 33.10 and a current ratio of 22.41. Navient has a 52 week low of $11.48 and a 52 week high of $16.97.

Navient (NASDAQ:NAVI) last announced its quarterly earnings results on Tuesday, January 23rd. The credit services provider reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01. The company had revenue of $366.00 million for the quarter, compared to analysts’ expectations of $362.33 million. Navient had a net margin of 5.94% and a return on equity of 13.90%. During the same period in the prior year, the company posted $0.43 EPS. research analysts predict that Navient will post 1.91 earnings per share for the current fiscal year.

In other news, SVP Stephen M. Hauber sold 17,423 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $14.40, for a total value of $250,891.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.68% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of the company. Prudential Financial Inc. increased its holdings in shares of Navient by 3.4% in the 3rd quarter. Prudential Financial Inc. now owns 5,888,964 shares of the credit services provider’s stock worth $88,452,000 after buying an additional 192,614 shares during the last quarter. Alps Advisors Inc. increased its holdings in shares of Navient by 9.4% in the 3rd quarter. Alps Advisors Inc. now owns 3,353,227 shares of the credit services provider’s stock worth $50,365,000 after buying an additional 287,007 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Navient by 2.6% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 2,075,762 shares of the credit services provider’s stock worth $27,650,000 after buying an additional 53,497 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Navient by 56.4% in the 4th quarter. Bank of Montreal Can now owns 2,021,051 shares of the credit services provider’s stock worth $26,921,000 after buying an additional 729,149 shares during the last quarter. Finally, W. E. Donoghue & Co. LLC bought a new position in shares of Navient in the 2nd quarter worth $17,303,000. 92.43% of the stock is currently owned by hedge funds and other institutional investors.

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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).

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Analyst Recommendations for Navient (NASDAQ:NAVI)

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