Navient (NAVI) Now Covered by Analysts at UBS Group

Equities research analysts at UBS Group began coverage on shares of Navient (NASDAQ:NAVI) in a research report issued to clients and investors on Monday, January 8th, The Fly reports. The firm set a “market perform” rating on the credit services provider’s stock.

Several other brokerages have also commented on NAVI. Zacks Investment Research lowered shares of Navient from a “hold” rating to a “sell” rating in a research note on Thursday, October 12th. Barclays reiterated an “overweight” rating and set a $17.00 price objective on shares of Navient in a research note on Tuesday, November 14th. ValuEngine upgraded shares of Navient from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Jefferies Group reiterated a “hold” rating and set a $16.00 price objective on shares of Navient in a research note on Monday, October 16th. Finally, Compass Point lowered shares of Navient from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $16.50 to $15.50 in a research note on Thursday, October 5th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. Navient presently has an average rating of “Hold” and a consensus price target of $17.36.

Shares of Navient (NASDAQ:NAVI) traded down $0.09 during mid-day trading on Monday, hitting $13.88. 3,882,800 shares of the stock traded hands, compared to its average volume of 3,250,778. The company has a quick ratio of 33.10, a current ratio of 33.10 and a debt-to-equity ratio of 30.58. Navient has a twelve month low of $11.48 and a twelve month high of $17.05. The company has a market capitalization of $3,650.61, a PE ratio of 7.67, a price-to-earnings-growth ratio of 1.25 and a beta of 2.37.

Navient (NASDAQ:NAVI) last issued its earnings results on Tuesday, October 17th. The credit services provider reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $343.00 million for the quarter, compared to analysts’ expectations of $361.33 million. During the same quarter last year, the company posted $0.50 earnings per share. Navient’s revenue was down 15.3% on a year-over-year basis. equities research analysts expect that Navient will post 1.76 earnings per share for the current fiscal year.

Navient announced that its Board of Directors has initiated a share repurchase plan on Wednesday, October 4th that authorizes the company to buyback shares. This buyback authorization authorizes the credit services provider to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

In related news, CFO Christian M. Lown bought 6,000 shares of the firm’s stock in a transaction on Friday, October 20th. The stock was bought at an average price of $12.35 per share, with a total value of $74,100.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.68% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quantbot Technologies LP bought a new position in shares of Navient during the 3rd quarter worth about $121,000. Advisors Asset Management Inc. increased its holdings in shares of Navient by 84.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 10,168 shares of the credit services provider’s stock worth $153,000 after purchasing an additional 4,642 shares during the period. First Midwest Bank Trust Division bought a new position in shares of Navient during the 3rd quarter worth about $175,000. Thrivent Financial For Lutherans increased its holdings in shares of Navient by 1.0% during the 2nd quarter. Thrivent Financial For Lutherans now owns 10,770 shares of the credit services provider’s stock worth $179,000 after purchasing an additional 110 shares during the period. Finally, TLP Group LLC increased its holdings in shares of Navient by 3,174.3% during the 2nd quarter. TLP Group LLC now owns 11,100 shares of the credit services provider’s stock worth $185,000 after purchasing an additional 10,761 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

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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).

The Fly

Analyst Recommendations for Navient (NASDAQ:NAVI)

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