Brokerages Set Navient Co. (NASDAQ:NAVI) Target Price at $20.72

Navient Co. (NASDAQ:NAVI) has been given a consensus rating of “Hold” by the ten research firms that are covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $20.72.

A number of equities analysts have weighed in on NAVI shares. Wedbush boosted their price objective on Navient from $19.00 to $25.00 and gave the stock an “outperform” rating in a research note on Monday, August 2nd. Jefferies Financial Group upped their price target on Navient from $19.00 to $23.00 and gave the company a “buy” rating in a research note on Thursday, June 10th. Keefe, Bruyette & Woods lowered Navient from an “outperform” rating to a “market perform” rating and upped their price target for the company from $19.00 to $20.00 in a research note on Tuesday, July 6th. Zacks Investment Research lowered Navient from a “strong-buy” rating to a “hold” rating and set a $20.00 target price on the stock. in a research note on Tuesday, June 29th. Finally, Stephens upped their price target on Navient from $18.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, July 29th.

Navient stock opened at $23.01 on Friday. The company has a quick ratio of 19.43, a current ratio of 19.43 and a debt-to-equity ratio of 27.96. Navient has a 52 week low of $7.42 and a 52 week high of $23.66. The company has a market capitalization of $3.86 billion, a price-to-earnings ratio of 4.50 and a beta of 1.82. The stock has a 50-day moving average price of $21.37 and a 200 day moving average price of $18.02.

Navient (NASDAQ:NAVI) last announced its quarterly earnings results on Monday, July 26th. The credit services provider reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.09. The company had revenue of $295.00 million during the quarter, compared to analysts’ expectations of $268.06 million. Navient had a return on equity of 32.60% and a net margin of 25.84%. During the same period last year, the business earned $0.92 earnings per share. Research analysts anticipate that Navient will post 4.27 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 17th. Investors of record on Friday, September 3rd will be given a $0.16 dividend. The ex-dividend date is Thursday, September 2nd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.78%. Navient’s dividend payout ratio (DPR) is presently 19.75%.

A number of institutional investors have recently bought and sold shares of NAVI. Amundi Pioneer Asset Management Inc. lifted its position in Navient by 72.6% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 77,804 shares of the credit services provider’s stock worth $899,000 after acquiring an additional 32,720 shares during the period. Victory Capital Management Inc. grew its position in shares of Navient by 36.4% in the first quarter. Victory Capital Management Inc. now owns 335,130 shares of the credit services provider’s stock valued at $4,796,000 after purchasing an additional 89,475 shares during the period. Signet Financial Management LLC grew its position in shares of Navient by 2.4% in the first quarter. Signet Financial Management LLC now owns 43,325 shares of the credit services provider’s stock valued at $620,000 after purchasing an additional 1,022 shares during the period. Cibc World Markets Corp purchased a new stake in shares of Navient in the first quarter valued at $282,000. Finally, BNP Paribas Arbitrage SA boosted its holdings in Navient by 62.2% in the first quarter. BNP Paribas Arbitrage SA now owns 122,485 shares of the credit services provider’s stock valued at $1,753,000 after acquiring an additional 46,969 shares during the last quarter. 87.36% of the stock is owned by institutional investors.

Navient Company Profile

Navient Corp. engages in the provision of asset management and business processing solutions for education, healthcare and government clients at the federal, state and local levels. It operates through the following segments: Federal Education Loans, Consumer Lending, Business Processing and Other. The Federal Education Loans segment owns FFELP Loans and performs servicing and asset recovery services on FFELP Loan portfolio.

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Analyst Recommendations for Navient (NASDAQ:NAVI)

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