Navient (NASDAQ:NAVI) Lifted to “Hold” at ValuEngine

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Navient (NASDAQ:NAVI) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, September 18th.

Other analysts have also recently issued reports about the company. Wedbush upgraded Navient from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $14.50 to $15.75 in a research report on Friday, June 1st. BidaskClub upgraded Navient from a “hold” rating to a “buy” rating in a report on Friday, May 25th. Finally, Zacks Investment Research cut Navient from a “buy” rating to a “hold” rating in a report on Thursday, August 9th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. Navient presently has an average rating of “Hold” and a consensus price target of $16.11.

Shares of Navient stock traded down $0.21 on Tuesday, reaching $12.33. The company’s stock had a trading volume of 1,483,710 shares, compared to its average volume of 2,895,221. The stock has a market capitalization of $3.57 billion, a PE ratio of 6.89 and a beta of 2.15. Navient has a 52-week low of $11.48 and a 52-week 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 issued its quarterly earnings results on Tuesday, July 24th. The credit services provider reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.05. Navient had a return on equity of 13.95% and a net margin of 5.72%. The firm had revenue of $330.00 million during the quarter, compared to analysts’ expectations of $314.00 million. During the same period in the previous year, the business earned $0.43 earnings per share. The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. On average, equities research analysts anticipate that Navient will post 1.92 EPS for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Point72 Asset Management L.P. acquired a new position in Navient during the 2nd quarter worth about $125,000. Yorktown Management & Research Co Inc acquired a new position in Navient during the 2nd quarter worth about $130,000. Nomura Asset Management Co. Ltd. acquired a new position in Navient during the 1st quarter worth about $138,000. Shufro Rose & Co. LLC acquired a new position in Navient during the 2nd quarter worth about $139,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Navient during the 2nd quarter worth about $151,000. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Navient Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Navient (NASDAQ:NAVI)

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