Navient Co. (NASDAQ:NAVI) Receives $16.67 Consensus PT from Brokerages

Navient Co. (NASDAQ:NAVI) has been given an average recommendation of “Reduce” by the nine brokerages that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $16.67.

A number of research analysts have issued reports on NAVI shares. Stephens downgraded shares of Navient from an “equal weight” rating to an “underweight” rating and set a $16.00 price objective on the stock. in a research report on Tuesday, January 2nd. JPMorgan Chase & Co. raised shares of Navient from an “underweight” rating to a “neutral” rating and decreased their price target for the stock from $18.00 to $17.00 in a research note on Wednesday, April 3rd. Barclays reaffirmed an “underweight” rating and set a $14.00 price objective (down from $17.00) on shares of Navient in a research report on Wednesday, January 10th. TD Cowen lowered Navient from a “market perform” rating to an “underperform” rating and decreased their target price for the stock from $17.00 to $15.00 in a research report on Monday, January 8th. Finally, StockNews.com cut Navient from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st.

Navient Stock Up 0.1 %

NASDAQ NAVI opened at $16.60 on Friday. Navient has a 1 year low of $14.10 and a 1 year high of $19.69. The stock has a market capitalization of $1.86 billion, a PE ratio of 9.33 and a beta of 1.38. The company has a debt-to-equity ratio of 19.35, a current ratio of 13.64 and a quick ratio of 13.63. The business’s 50-day moving average is $16.57 and its 200 day moving average is $17.12.

Navient (NASDAQ:NAVI) last issued its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.07). The business had revenue of $193.00 million during the quarter, compared to the consensus estimate of $210.76 million. Navient had a return on equity of 14.17% and a net margin of 4.72%. Sell-side analysts forecast that Navient will post 2.12 earnings per share for the current year.

Navient Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.16 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.64 annualized dividend and a dividend yield of 3.86%. Navient’s payout ratio is currently 35.96%.

Insider Buying and Selling at Navient

In related news, EVP Mark L. Heleen sold 10,000 shares of the company’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $17.20, for a total value of $172,000.00. Following the transaction, the executive vice president now owns 385,577 shares in the company, valued at approximately $6,631,924.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 27.99% of the stock is owned by company insiders.

Institutional Investors Weigh In On Navient

Institutional investors and hedge funds have recently made changes to their positions in the company. Impact Partnership Wealth LLC lifted its position in Navient by 277.8% in the 3rd quarter. Impact Partnership Wealth LLC now owns 1,511 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 1,111 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Navient during the first quarter valued at $36,000. CWM LLC boosted its position in shares of Navient by 314.6% during the third quarter. CWM LLC now owns 2,193 shares of the credit services provider’s stock valued at $38,000 after buying an additional 1,664 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Navient by 13.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,236 shares of the credit services provider’s stock worth $90,000 after buying an additional 607 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its position in Navient by 367.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 6,795 shares of the credit services provider’s stock worth $117,000 after buying an additional 5,342 shares during the last quarter. Institutional investors own 97.14% of the company’s stock.

Navient Company Profile

Navient Corporation provides technology-enabled education finance and business processing solutions for education, health care, and government clients in the United States. It operates through three segments: Federal Education Loans, Consumer Lending, and Business Processing. The company owns Federal Family Education Loan Program (FFELP) loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing on its portfolios, as well as federal education loans held by other institutions.