Navient (NASDAQ:NAVI) Hits New 12-Month High on Analyst Upgrade


Share on StockTwits

Navient Co. (NASDAQ:NAVI)’s stock price reached a new 52-week high during mid-day trading on Monday after Barclays raised their price target on the stock from $16.00 to $20.00. Barclays currently has an overweight rating on the stock. Navient traded as high as $14.85 and last traded at $14.73, with a volume of 8638 shares changing hands. The stock had previously closed at $14.64.

Several other equities research analysts have also issued reports on the stock. Jefferies Financial Group raised shares of Navient from a “hold” rating to a “buy” rating and increased their target price for the stock from $11.50 to $19.00 in a report on Thursday, March 25th. Zacks Investment Research downgraded shares of Navient from a “buy” rating to a “hold” rating and set a $15.00 price objective on the stock. in a research report on Tuesday, March 23rd. Finally, JPMorgan Chase & Co. downgraded shares of Navient from an “overweight” rating to a “neutral” rating in a report on Tuesday, January 19th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $14.21.

Institutional investors have recently added to or reduced their stakes in the company. Golden Green Inc. purchased a new position in shares of Navient in the first quarter worth $490,000. Carolina Wealth Advisors LLC increased its holdings in Navient by 143.4% in the 1st quarter. Carolina Wealth Advisors LLC now owns 5,168 shares of the credit services provider’s stock valued at $74,000 after acquiring an additional 3,045 shares during the last quarter. Amundi Pioneer Asset Management Inc. increased its holdings in Navient by 30.5% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,137,664 shares of the credit services provider’s stock valued at $11,172,000 after acquiring an additional 265,888 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its stake in Navient by 78.0% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 30,800 shares of the credit services provider’s stock worth $302,000 after purchasing an additional 13,500 shares in the last quarter. Finally, Navis Wealth Advisors LLC bought a new position in shares of Navient during the 4th quarter valued at about $74,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

The company has a quick ratio of 12.02, a current ratio of 12.02 and a debt-to-equity ratio of 34.94. The stock has a market capitalization of $2.67 billion, a P/E ratio of 7.41 and a beta of 1.82. The company has a fifty day moving average price of $13.49 and a 200-day moving average price of $11.00.

Navient (NASDAQ:NAVI) last released its quarterly earnings data on Monday, January 25th. The credit services provider reported $0.97 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.14. The business had revenue of $241.00 million for the quarter, compared to the consensus estimate of $283.38 million. Navient had a return on equity of 25.22% and a net margin of 9.65%. The company’s revenue was down 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS. As a group, research analysts expect that Navient Co. will post 3.25 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 19th. Investors of record on Friday, March 5th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 4.40%. The ex-dividend date of this dividend was Thursday, March 4th. Navient’s dividend payout ratio is presently 24.24%.

Navient Company Profile (NASDAQ:NAVI)

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 through four segments: Federal Education Loans, Consumer Lending, Business Processing, and Other.

See Also: Stock Portfolio Tracker

Receive News & Ratings for Navient Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navient and related companies with MarketBeat.com's FREE daily email newsletter.