Navient Corp. (NASDAQ:NAVI) shares were up 2.5% during trading on Thursday . The company traded as high as $12.30 and last traded at $12.11, with a volume of 1,019,021 shares changing hands. The stock had previously closed at $11.81.

A number of research analysts have recently commented on NAVI shares. Credit Suisse Group AG restated a “buy” rating on shares of Navient Corp. in a research report on Wednesday, June 8th. Zacks Investment Research upgraded shares of Navient Corp. from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Monday, April 25th. Finally, Compass Point boosted their price target on shares of Navient Corp. from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Wednesday, April 20th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $17.70.

The firm has a market capitalization of $4.02 billion and a price-to-earnings ratio of 5.01. The firm has a 50 day moving average of $12.60 and a 200-day moving average of $11.61.

Navient Corp. (NASDAQ:NAVI) last released its quarterly earnings results on Tuesday, April 19th. The company reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.02. During the same quarter in the prior year, the company earned $0.48 earnings per share. On average, analysts anticipate that Navient Corp. will post $1.86 EPS for the current fiscal year.

A number of hedge funds and institutional investors have added to or reduced their stakes in the company. ProShare Advisors LLC increased its position in Navient Corp. by 0.6% in the fourth quarter. ProShare Advisors LLC now owns 178,778 shares of the company’s stock valued at $2,047,000 after buying an additional 1,038 shares during the last quarter. Strategic Global Advisors LLC increased its stake in shares of Navient Corp. by 2.9% in the fourth quarter. Strategic Global Advisors LLC now owns 145,391 shares of the company’s stock valued at $1,665,000 after buying an additional 4,164 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its stake in shares of Navient Corp. by 10.7% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 109,651 shares of the company’s stock valued at $1,256,000 after buying an additional 10,566 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Navient Corp. by 2.0% in the fourth quarter. Principal Financial Group Inc. now owns 535,961 shares of the company’s stock valued at $6,137,000 after buying an additional 10,645 shares during the last quarter. Finally, US Bancorp DE increased its stake in shares of Navient Corp. by 13.5% in the fourth quarter. US Bancorp DE now owns 131,870 shares of the company’s stock valued at $1,509,000 after buying an additional 15,649 shares during the last quarter.

Navient Corporation is a loan management, servicing and asset recovery company. The Company holds the portfolio of education loans insured or guaranteed under the Federal Family Education Loan Program (FFELP), as well as the portfolio of Private Education Loans. FFELP Loans are insured or guaranteed by state based on guaranty agreements among the United States Department of Education (ED) and these agencies.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.