Shares of Navient Corporation (NASDAQ:NAVI) have been assigned an average rating of “Hold” from the fourteen analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $18.00.

A number of equities research analysts recently weighed in on NAVI shares. Zacks Investment Research downgraded shares of Navient Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, October 12th. Barclays PLC reissued an “overweight” rating and set a $17.00 price target on shares of Navient Corporation in a research note on Tuesday. Jefferies Group LLC reissued a “hold” rating and set a $16.00 price target on shares of Navient Corporation in a research note on Friday, July 21st. BidaskClub downgraded shares of Navient Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Compass Point downgraded shares of Navient Corporation from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $16.50 to $15.50 in a research note on Thursday, October 5th.

Shares of Navient Corporation (NASDAQ:NAVI) traded up $0.27 during midday trading on Friday, hitting $12.35. 5,162,700 shares of the company’s stock were exchanged, compared to its average volume of 2,818,385. Navient Corporation has a one year low of $11.48 and a one year high of $17.95. The company has a market capitalization of $3,177.19, a P/E ratio of 6.82 and a beta of 2.39. The company has a debt-to-equity ratio of 30.58, a quick ratio of 33.10 and a current ratio of 33.10.

Navient Corporation (NASDAQ:NAVI) last posted its quarterly earnings results on Tuesday, October 17th. The credit services provider reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.05. The business had revenue of $343.00 million during the quarter, compared to the consensus estimate of $361.33 million. Navient Corporation had a net margin of 10.88% and a return on equity of 14.09%. Navient Corporation’s revenue for the quarter was down 15.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.50 earnings per share. research analysts expect that Navient Corporation will post 1.76 earnings per share for the current year.

Navient Corporation announced that its Board of Directors has approved a stock buyback plan on Wednesday, October 4th that permits the company to repurchase shares. This repurchase authorization permits the credit services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 5.18%. The ex-dividend date of this dividend is Thursday, November 30th. Navient Corporation’s payout ratio is presently 35.36%.

In other news, CFO Christian M. Lown bought 6,000 shares of the stock in a transaction on Friday, October 20th. The stock was purchased at an average price of $12.35 per share, with a total value of $74,100.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John M. Kane sold 28,886 shares of the company’s stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $15.00, for a total transaction of $433,290.00. The disclosure for this sale can be found here. 1.68% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the business. Creative Planning increased its stake in Navient Corporation by 7.2% in the second quarter. Creative Planning now owns 7,066 shares of the credit services provider’s stock valued at $118,000 after purchasing an additional 472 shares in the last quarter. Ffcm LLC increased its stake in Navient Corporation by 144.5% in the second quarter. Ffcm LLC now owns 7,071 shares of the credit services provider’s stock valued at $119,000 after purchasing an additional 4,179 shares in the last quarter. Quantbot Technologies LP bought a new stake in Navient Corporation in the third quarter valued at approximately $121,000. Bronfman E.L. Rothschild L.P. increased its stake in Navient Corporation by 8.8% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 7,564 shares of the credit services provider’s stock valued at $126,000 after purchasing an additional 612 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its stake in Navient Corporation by 84.0% in the third quarter. Advisors Asset Management Inc. now owns 10,168 shares of the credit services provider’s stock valued at $153,000 after purchasing an additional 4,642 shares in the last quarter. 95.76% of the stock is owned by hedge funds and other institutional investors.

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Navient Corporation 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).

Analyst Recommendations for Navient Corporation (NASDAQ:NAVI)

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