Navient Corp. (NAVI) Shares Up 2.5%
Navient Corp. (NASDAQ:NAVI)’s share price shot up 2.5% on Thursday . The stock 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.
Several equities analysts have recently issued reports on NAVI shares. Zacks Investment Research upgraded Navient Corp. from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Monday, April 25th. Compass Point lifted their price objective on Navient Corp. from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Wednesday, April 20th. Finally, Credit Suisse Group AG reiterated a “buy” rating on shares of Navient Corp. in a research note on Wednesday, June 8th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $17.70.
The stock has a market cap of $4.19 billion and a P/E ratio of 5.24. The company has a 50-day moving average of $12.59 and a 200-day moving average of $11.62.
Navient Corp. (NASDAQ:NAVI) last announced its quarterly earnings results on Tuesday, April 19th. The company reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.02. During the same period last year, the business earned $0.48 EPS. On average, equities research analysts expect that Navient Corp. will post $1.86 EPS for the current year.
A number of large investors have recently made changes to their positions in NAVI. Vanguard Group Inc. raised its stake in shares of Navient Corp. by 7.2% in the fourth quarter. Vanguard Group Inc. now owns 36,591,108 shares of the company’s stock valued at $418,967,000 after buying an additional 2,465,700 shares in the last quarter. Boston Partners raised its stake in shares of Navient Corp. by 51.1% in the fourth quarter. Boston Partners now owns 22,880,776 shares of the company’s stock valued at $261,985,000 after buying an additional 7,742,798 shares in the last quarter. Teacher Retirement System of Texas raised its stake in shares of Navient Corp. by 49.3% in the fourth quarter. Teacher Retirement System of Texas now owns 2,723,721 shares of the company’s stock valued at $31,187,000 after buying an additional 899,864 shares in the last quarter. Alps Advisors Inc. purchased a new stake in shares of Navient Corp. during the fourth quarter valued at approximately $18,098,000. Finally, Morgan Stanley raised its stake in shares of Navient Corp. by 11.2% in the fourth quarter. Morgan Stanley now owns 1,167,474 shares of the company’s stock valued at $13,367,000 after buying an additional 117,313 shares in 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.
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