Navient (NASDAQ:NAVI) had its price target trimmed by Citigroup from $20.00 to $18.00 in a report released on Thursday. The firm currently has a buy rating on the credit services provider’s stock.

A number of other research analysts have also recently commented on the stock. BidaskClub cut shares of Navient from a hold rating to a sell rating in a research report on Friday, October 12th. ValuEngine upgraded shares of Navient from a sell rating to a hold rating in a research report on Tuesday, September 18th. Oppenheimer reiterated a hold rating on shares of Navient in a research report on Thursday. Finally, Zacks Investment Research upgraded shares of Navient from a sell rating to a hold rating and set a $13.00 price target on the stock in a research report on Monday, October 22nd. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $15.79.

Shares of NAVI stock traded down $0.22 during trading on Thursday, hitting $11.71. The company had a trading volume of 2,488,188 shares, compared to its average volume of 1,811,009. The company has a current ratio of 20.36, a quick ratio of 21.92 and a debt-to-equity ratio of 25.59. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of 6.54 and a beta of 2.15. Navient has a 52 week low of $11.60 and a 52 week high of $15.02.

Navient (NASDAQ:NAVI) last posted its quarterly earnings data on Tuesday, October 23rd. The credit services provider reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.04. The company had revenue of $327.00 million for the quarter, compared to analysts’ expectations of $310.17 million. Navient had a net margin of 4.29% and a return on equity of 13.43%. Navient’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.55 earnings per share. As a group, sell-side analysts forecast that Navient will post 1.91 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of NAVI. Canyon Capital Advisors LLC boosted its stake in shares of Navient by 27.1% during the second quarter. Canyon Capital Advisors LLC now owns 25,607,480 shares of the credit services provider’s stock valued at $333,665,000 after purchasing an additional 5,465,768 shares during the period. BlackRock Inc. boosted its stake in shares of Navient by 43.4% during the second quarter. BlackRock Inc. now owns 24,405,633 shares of the credit services provider’s stock valued at $318,005,000 after purchasing an additional 7,380,981 shares during the period. LSV Asset Management boosted its stake in shares of Navient by 4.0% during the second quarter. LSV Asset Management now owns 6,399,207 shares of the credit services provider’s stock valued at $83,381,000 after purchasing an additional 248,144 shares during the period. FMR LLC boosted its stake in shares of Navient by 4.0% during the second quarter. FMR LLC now owns 5,920,147 shares of the credit services provider’s stock valued at $77,139,000 after purchasing an additional 229,419 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Navient by 25.5% during the second quarter. Bank of New York Mellon Corp now owns 3,937,215 shares of the credit services provider’s stock valued at $51,301,000 after purchasing an additional 799,292 shares during the period. Institutional investors and hedge funds own 92.14% of the company’s stock.

Navient Company Profile

Navient Corporation provides asset management and business processing services to education, health care, and government clients at the federal, state, and local levels in the United States. The company operates in three segments: Federal Family Education Loan Program (FFELP) Loans, Private Education Loans, and Business Services.

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Analyst Recommendations for Navient (NASDAQ:NAVI)

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