Navient Co. (NASDAQ:NAVI) Receives $13.90 Consensus Price Target from Analysts

Shares of Navient Co. (NASDAQ:NAVI) have received an average rating of “Hold” from the six brokerages that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $13.90.

A number of research analysts have weighed in on NAVI shares. Bank of America lowered their target price on Navient from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday, December 24th. StockNews.com downgraded shares of Navient from a “buy” rating to a “hold” rating in a report on Friday, January 31st. JPMorgan Chase & Co. cut their target price on shares of Navient from $15.00 to $13.50 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Finally, Seaport Res Ptn upgraded shares of Navient from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 21st.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Navient by 1.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,052 shares of the credit services provider’s stock worth $585,000 after buying an additional 823 shares in the last quarter. KBC Group NV grew its position in shares of Navient by 47.0% during the third quarter. KBC Group NV now owns 4,355 shares of the credit services provider’s stock worth $68,000 after purchasing an additional 1,392 shares in the last quarter. Covestor Ltd raised its stake in Navient by 24.6% during the 3rd quarter. Covestor Ltd now owns 7,360 shares of the credit services provider’s stock valued at $115,000 after purchasing an additional 1,455 shares during the period. Quantinno Capital Management LP lifted its holdings in Navient by 12.6% in the 3rd quarter. Quantinno Capital Management LP now owns 14,173 shares of the credit services provider’s stock worth $221,000 after purchasing an additional 1,587 shares in the last quarter. Finally, Brevan Howard Capital Management LP boosted its stake in Navient by 16.3% in the 4th quarter. Brevan Howard Capital Management LP now owns 12,877 shares of the credit services provider’s stock worth $171,000 after purchasing an additional 1,804 shares during the period. Hedge funds and other institutional investors own 97.14% of the company’s stock.

Navient Stock Performance

Shares of NASDAQ NAVI opened at $13.14 on Monday. The firm’s 50-day moving average price is $13.78 and its 200-day moving average price is $14.68. Navient has a 52-week low of $12.73 and a 52-week high of $17.56. The company has a market cap of $1.34 billion, a PE ratio of 11.33 and a beta of 1.36. The company has a quick ratio of 9.49, a current ratio of 9.48 and a debt-to-equity ratio of 16.35.

Navient (NASDAQ:NAVI) last issued its earnings results on Wednesday, January 29th. The credit services provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.01). Navient had a return on equity of 6.69% and a net margin of 2.96%. As a group, analysts anticipate that Navient will post 1.04 EPS for the current year.

Navient Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be paid a $0.16 dividend. The ex-dividend date is Friday, March 7th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.87%. Navient’s dividend payout ratio (DPR) is presently 55.17%.

About Navient

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.