Navient’s (NAVI) Hold Rating Reaffirmed at Jefferies Group

Navient (NASDAQ:NAVI)‘s stock had its “hold” rating reissued by stock analysts at Jefferies Group in a note issued to investors on Thursday, January 11th. They presently have a $14.00 target price on the credit services provider’s stock. Jefferies Group’s target price would indicate a potential upside of 2.12% from the company’s current price. Jefferies Group also issued estimates for Navient’s Q1 2018 earnings at $0.52 EPS, Q2 2018 earnings at $0.42 EPS, Q3 2018 earnings at $0.48 EPS, Q4 2018 earnings at $0.48 EPS and FY2018 earnings at $1.89 EPS.

Other equities research analysts have also recently issued reports about the company. Zacks Investment Research cut Navient from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Compass Point cut Navient from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $16.50 to $15.50 in a research report on Thursday, October 5th. ValuEngine raised Navient from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Oppenheimer initiated coverage on Navient in a research report on Monday, January 8th. They set a “hold” rating on the stock. Finally, UBS Group initiated coverage on Navient in a research report on Monday, January 8th. They issued a “market perform” rating on the stock. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. Navient has a consensus rating of “Hold” and an average price target of $17.36.

Shares of Navient (NASDAQ:NAVI) opened at $13.71 on Thursday. The company has a current ratio of 33.10, a quick ratio of 33.10 and a debt-to-equity ratio of 30.58. Navient has a 12-month low of $11.48 and a 12-month high of $16.97. The company has a market capitalization of $3,616.42, a price-to-earnings ratio of 7.57, a P/E/G ratio of 1.20 and a beta of 2.37.

Navient (NASDAQ:NAVI) last released its quarterly earnings data on Tuesday, October 17th. The credit services provider reported $0.55 EPS for the quarter, beating the consensus estimate of $0.50 by $0.05. Navient had a return on equity of 14.09% and a net margin of 10.88%. The company had revenue of $343.00 million for the quarter, compared to analysts’ expectations of $361.33 million. During the same period last year, the firm posted $0.50 earnings per share. Navient’s revenue was down 15.3% compared to the same quarter last year. research analysts predict that Navient will post 1.76 EPS for the current fiscal year.

Navient declared that its Board of Directors has initiated a stock repurchase program on Wednesday, October 4th that permits the company to repurchase outstanding shares. This repurchase authorization permits the credit services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

In related news, CFO Christian M. Lown acquired 6,000 shares of the firm’s stock in a transaction dated Friday, October 20th. The shares were purchased at an average price of $12.35 per share, with a total value of $74,100.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.68% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quantbot Technologies LP bought a new position in shares of Navient in the third quarter worth about $121,000. Advisors Asset Management Inc. raised its stake in shares of Navient by 84.0% in the third quarter. Advisors Asset Management Inc. now owns 10,168 shares of the credit services provider’s stock worth $153,000 after buying an additional 4,642 shares during the period. Thrivent Financial For Lutherans raised its stake in shares of Navient by 1.0% in the second quarter. Thrivent Financial For Lutherans now owns 10,770 shares of the credit services provider’s stock worth $179,000 after buying an additional 110 shares during the period. TLP Group LLC raised its stake in shares of Navient by 3,174.3% in the second quarter. TLP Group LLC now owns 11,100 shares of the credit services provider’s stock worth $185,000 after buying an additional 10,761 shares during the period. Finally, First Midwest Bank Trust Division bought a new position in shares of Navient in the third quarter worth about $175,000. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

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Navient Company Profile

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).

Analyst Recommendations for Navient (NASDAQ:NAVI)

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