Navient Corp (NAVI) Downgraded by BidaskClub to “Sell”
BidaskClub downgraded shares of Navient Corp (NASDAQ:NAVI) from a hold rating to a sell rating in a research report report published on Saturday morning.
A number of other equities analysts have also issued reports on the company. Barclays PLC set a $20.00 price target on Navient Corp and gave the stock a buy rating in a report on Wednesday, April 12th. Zacks Investment Research lowered Navient Corp from a hold rating to a sell rating in a report on Monday, July 17th. Wedbush reissued a neutral rating and set a $16.50 price target on shares of Navient Corp in a report on Tuesday, April 18th. BMO Capital Markets reissued a hold rating and set a $17.00 price target on shares of Navient Corp in a report on Tuesday, April 11th. Finally, Jefferies Group LLC reissued a buy rating on shares of Navient Corp in a report on Monday, June 12th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $18.55.
Shares of Navient Corp (NASDAQ NAVI) traded up 0.35% during mid-day trading on Friday, hitting $14.27. The stock had a trading volume of 3,011,441 shares. The firm has a market cap of $3.91 billion, a PE ratio of 7.40 and a beta of 2.43. Navient Corp has a 52-week low of $12.66 and a 52-week high of $17.95. The firm has a 50 day moving average price of $15.88 and a 200 day moving average price of $15.18.
Navient Corp (NASDAQ:NAVI) last released its quarterly earnings results on Tuesday, July 18th. The credit services provider reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.02. Navient Corp had a return on equity of 12.50% and a net margin of 31.91%. The firm had revenue of $343 million for the quarter, compared to analyst estimates of $331.67 million. During the same quarter last year, the company posted $0.47 earnings per share. The business’s revenue was down 15.9% on a year-over-year basis. Equities analysts predict that Navient Corp will post $1.76 EPS for the current year.
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Large investors have recently made changes to their positions in the stock. Nicolet Bankshares Inc. raised its stake in shares of Navient Corp by 0.3% in the first quarter. Nicolet Bankshares Inc. now owns 18,405 shares of the credit services provider’s stock worth $272,000 after buying an additional 50 shares in the last quarter. Ledyard National Bank acquired a new stake in shares of Navient Corp during the first quarter worth $202,000. Boston Advisors LLC acquired a new stake in shares of Navient Corp during the first quarter worth $403,000. Bank of The West raised its stake in shares of Navient Corp by 6.9% in the first quarter. Bank of The West now owns 182,445 shares of the credit services provider’s stock worth $2,693,000 after buying an additional 11,844 shares in the last quarter. Finally, DnB Asset Management AS raised its stake in shares of Navient Corp by 1,362.9% in the first quarter. DnB Asset Management AS now owns 290,240 shares of the credit services provider’s stock worth $4,284,000 after buying an additional 270,400 shares in the last quarter. 94.23% of the stock is currently owned by institutional investors.
Navient Corp 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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