Navient Co. (NASDAQ:NAVI) Receives $15.56 Consensus Target Price from Brokerages

Shares of Navient Co. (NASDAQ:NAVI) have been assigned an average rating of “Reduce” from the nine brokerages that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating and six have given a hold rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $15.56.

NAVI has been the subject of several research analyst reports. Barclays decreased their target price on Navient from $11.00 to $10.00 and set an “underweight” rating for the company in a research report on Tuesday, July 9th. JPMorgan Chase & Co. decreased their price objective on shares of Navient from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Monday, July 8th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Navient from $15.00 to $16.00 and gave the stock a “market perform” rating in a research note on Thursday, July 25th.

Hedge Funds Weigh In On Navient

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Jupiter Asset Management Ltd. bought a new position in Navient in the first quarter worth approximately $4,813,000. Squarepoint Ops LLC purchased a new position in shares of Navient in the 2nd quarter valued at $3,345,000. Edgestream Partners L.P. raised its position in shares of Navient by 90.9% in the 1st quarter. Edgestream Partners L.P. now owns 386,379 shares of the credit services provider’s stock worth $6,723,000 after acquiring an additional 183,969 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Navient by 12.1% during the 2nd quarter. American Century Companies Inc. now owns 1,582,928 shares of the credit services provider’s stock worth $23,047,000 after purchasing an additional 171,160 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in Navient during the second quarter valued at about $2,327,000. 97.14% of the stock is currently owned by institutional investors.

Navient Stock Performance

Navient stock opened at $16.01 on Monday. The company has a debt-to-equity ratio of 17.30, a current ratio of 9.99 and a quick ratio of 9.99. The firm has a market capitalization of $1.79 billion, a P/E ratio of 10.26 and a beta of 1.39. Navient has a 1-year low of $13.95 and a 1-year high of $19.68. The company’s 50-day moving average is $15.55 and its 200 day moving average is $15.59.

Navient (NASDAQ:NAVI) last issued its quarterly earnings results on Wednesday, July 24th. The credit services provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.14). The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $157.27 million. Navient had a return on equity of 11.06% and a net margin of 3.41%. During the same period in the prior year, the business posted $0.70 earnings per share. Research analysts forecast that Navient will post 1.43 EPS for the current year.

Navient Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 4.00%. The ex-dividend date of this dividend is Friday, September 6th. Navient’s payout ratio is 41.03%.

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.