BidaskClub Upgrades Navient Corporation (NAVI) to “Buy”

Navient Corporation (NASDAQ:NAVI) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Saturday.

NAVI has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of Navient Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, March 28th. Keefe, Bruyette & Woods set a $20.00 price target on shares of Navient Corporation and gave the company a “buy” rating in a report on Thursday, April 6th. Stifel Nicolaus boosted their price target on shares of Navient Corporation from $24.00 to $26.00 and gave the company a “hold” rating in a report on Monday, June 12th. J P Morgan Chase & Co cut their price target on shares of Navient Corporation from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, April 3rd. Finally, ValuEngine upgraded shares of Navient Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $18.50.

Analyst Recommendations for Navient Corporation (NASDAQ:NAVI)

Shares of Navient Corporation (NASDAQ:NAVI) traded down 2.050% on Friday, hitting $15.525. 7,499,649 shares of the stock were exchanged. The company has a market cap of $4.42 billion, a P/E ratio of 8.167 and a beta of 2.50. The firm’s 50-day moving average is $14.72 and its 200-day moving average is $15.39. Navient Corporation has a one year low of $11.01 and a one year high of $17.95.

Navient Corporation (NASDAQ:NAVI) last released its earnings results on Tuesday, April 18th. The credit services provider reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by $0.06. Navient Corporation had a return on equity of 14.75% and a net margin of 11.95%. The business had revenue of $334 million during the quarter, compared to the consensus estimate of $345.60 million. During the same quarter in the previous year, the firm earned $0.43 earnings per share. The firm’s revenue for the quarter was down 19.7% compared to the same quarter last year. On average, equities analysts forecast that Navient Corporation will post $1.80 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 16th. Investors of record on Friday, June 2nd were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date of this dividend was Wednesday, May 31st. Navient Corporation’s payout ratio is presently 33.86%.

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In related news, Director Gilleland Diane Suitt sold 5,467 shares of the business’s stock in a transaction that occurred on Monday, April 24th. The shares were sold at an average price of $15.89, for a total transaction of $86,870.63. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.68% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Achmea Investment Management B.V. bought a new position in shares of Navient Corporation during the first quarter worth approximately $1,081,000. North Star Asset Management Inc. increased its position in shares of Navient Corporation by 24.1% in the first quarter. North Star Asset Management Inc. now owns 529,673 shares of the credit services provider’s stock worth $7,818,000 after buying an additional 102,978 shares during the last quarter. Bank of Nova Scotia bought a new position in shares of Navient Corporation during the first quarter worth approximately $884,000. HighTower Advisors LLC increased its position in shares of Navient Corporation by 24.5% in the first quarter. HighTower Advisors LLC now owns 13,297 shares of the credit services provider’s stock worth $196,000 after buying an additional 2,618 shares during the last quarter. Finally, Caxton Associates LP bought a new position in shares of Navient Corporation during the first quarter worth approximately $277,000. 93.00% of the stock is currently owned by hedge funds and other institutional investors.

Navient Corporation 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).

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