BidaskClub Upgrades Navient (NAVI) to Sell

BidaskClub upgraded shares of Navient (NASDAQ:NAVI) from a strong sell rating to a sell rating in a report published on Thursday.

Other equities research analysts also recently issued research reports about the company. ValuEngine downgraded Navient from a hold rating to a sell rating in a report on Saturday, October 27th. Zacks Investment Research downgraded Navient from a buy rating to a hold rating in a report on Monday, October 29th. Citigroup reduced their target price on Navient from $20.00 to $18.00 and set a buy rating on the stock in a report on Thursday, October 25th. Finally, Oppenheimer reaffirmed a hold rating on shares of Navient in a report on Thursday, October 25th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $15.79.

NASDAQ:NAVI traded down $0.01 during trading hours on Thursday, reaching $12.62. 1,473,514 shares of the company were exchanged, compared to its average volume of 2,815,942. The company has a market capitalization of $3.17 billion, a P/E ratio of 7.05 and a beta of 2.12. Navient has a 1-year low of $11.30 and a 1-year high of $15.02. The company has a debt-to-equity ratio of 25.59, a current ratio of 19.74 and a quick ratio of 21.92.

Navient (NASDAQ:NAVI) last issued its earnings results on Tuesday, October 23rd. The credit services provider reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.04. The firm had revenue of $327.00 million for the quarter, compared to the consensus estimate of $310.17 million. Navient had a return on equity of 13.43% and a net margin of 4.29%. The company’s revenue was down 5.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 EPS. On average, sell-side analysts anticipate that Navient will post 1.9 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the stock. Point72 Asset Management L.P. bought a new position in Navient during the 2nd quarter worth $125,000. Yorktown Management & Research Co Inc bought a new position in Navient during the 2nd quarter worth $130,000. Signition LP bought a new position in Navient during the 3rd quarter worth $135,000. Gryphon Financial Partners LLC raised its position in Navient by 212.9% during the 3rd quarter. Gryphon Financial Partners LLC now owns 10,113 shares of the credit services provider’s stock worth $137,000 after purchasing an additional 6,881 shares during the last quarter. Finally, Shufro Rose & Co. LLC bought a new position in Navient during the 2nd quarter worth $139,000. 91.65% of the stock is owned by institutional investors and hedge funds.

About Navient

Navient Corporation provides asset management and business processing services to education, health care, and government clients at the federal, state, and local levels in the United States. The company operates in three segments: Federal Family Education Loan Program (FFELP) Loans, Private Education Loans, and Business Services.

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Analyst Recommendations for Navient (NASDAQ:NAVI)

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