BidaskClub Lowers Navient (NASDAQ:NAVI) to Hold

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BidaskClub cut shares of Navient (NASDAQ:NAVI) from a buy rating to a hold rating in a research note issued to investors on Thursday, BidAskClub reports.

Several other brokerages also recently weighed in on NAVI. Oppenheimer downgraded Gulfport Energy from an outperform rating to a market perform rating in a research report on Friday, April 5th. BMO Capital Markets upgraded Gold Fields from a market perform rating to an outperform rating in a research report on Thursday, April 25th. JPMorgan Chase & Co. restated a hold rating and set a $7.00 price objective on shares of Deutsche Bank in a research report on Thursday, April 25th. Finally, ValuEngine downgraded Zosano Pharma from a buy rating to a hold rating in a research report on Wednesday, May 1st. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $15.10.

Shares of NAVI stock opened at $13.63 on Thursday. The company has a current ratio of 12.43, a quick ratio of 12.43 and a debt-to-equity ratio of 25.60. Navient has a twelve month low of $8.23 and a twelve month high of $14.48. The company has a market cap of $3.26 billion, a P/E ratio of 6.34, a P/E/G ratio of 2.13 and a beta of 2.11. The stock’s fifty day simple moving average is $13.36.

Navient (NASDAQ:NAVI) last announced its quarterly earnings data on Tuesday, April 23rd. The credit services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.12. Navient had a return on equity of 15.10% and a net margin of 6.99%. The business had revenue of $285.00 million during the quarter, compared to the consensus estimate of $304.67 million. During the same period in the prior year, the company earned $0.43 EPS. On average, analysts anticipate that Navient will post 2.14 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were given a $0.16 dividend. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $0.64 annualized dividend and a yield of 4.70%. Navient’s dividend payout ratio is presently 30.62%.

In other Navient news, EVP Stephen M. Hauber sold 9,000 shares of the stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $13.63, for a total value of $122,670.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.85% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its position in Navient by 3.3% in the fourth quarter. BlackRock Inc. now owns 23,806,736 shares of the credit services provider’s stock valued at $209,740,000 after purchasing an additional 763,973 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Navient by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 12,204,398 shares of the credit services provider’s stock valued at $107,522,000 after purchasing an additional 298,646 shares during the last quarter. Boston Partners raised its position in Navient by 2.2% in the first quarter. Boston Partners now owns 10,769,375 shares of the credit services provider’s stock valued at $124,602,000 after purchasing an additional 228,392 shares during the last quarter. AJO LP raised its position in Navient by 2.5% in the first quarter. AJO LP now owns 4,331,228 shares of the credit services provider’s stock valued at $50,112,000 after purchasing an additional 107,243 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. raised its position in Navient by 9.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 4,046,468 shares of the credit services provider’s stock valued at $35,650,000 after purchasing an additional 348,004 shares during the last quarter. Hedge funds and other institutional investors own 94.10% of the company’s stock.

Navient Company Profile

Navient Corporation provides education loan management and business processing solutions for education, healthcare, and government clients at the federal, state, and local levels in the United States. It operates in three segments: Federal Education Loans, Consumer Lending, and Business Processing. The company holds and acquires Federal Family Education Loan Program loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing and asset recovery services on its own loan portfolio, and federal education loans owned by the United States Department of Education and other institutions.

See Also: Quiet Period

Analyst Recommendations for Navient (NASDAQ:NAVI)

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