Shares of Navient Corp (NASDAQ:NAVI) have earned an average recommendation of “Buy” from the nine ratings firms that are presently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $15.65.

Several research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Navient from a “hold” rating to a “sell” rating in a report on Tuesday, January 29th. Oppenheimer restated a “hold” rating on shares of Navient in a report on Monday, March 25th. BidaskClub upgraded Navient from a “hold” rating to a “buy” rating in a report on Saturday, May 4th. ValuEngine upgraded Navient from a “strong sell” rating to a “sell” rating in a report on Tuesday, February 19th. Finally, BMO Capital Markets boosted their price target on Navient from $14.00 to $16.00 and gave the stock a “market perform” rating in a report on Thursday, April 25th.

In related news, EVP Stephen M. Hauber sold 9,000 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $13.63, for a total value of $122,670.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.85% of the company’s stock.

A number of hedge funds have recently made changes to their positions in NAVI. Doyle Wealth Management bought a new position in Navient in the fourth quarter worth approximately $46,000. Bessemer Group Inc. increased its holdings in Navient by 165.5% in the fourth quarter. Bessemer Group Inc. now owns 5,437 shares of the credit services provider’s stock valued at $48,000 after buying an additional 3,389 shares in the last quarter. NumerixS Investment Technologies Inc increased its holdings in Navient by 84.6% in the first quarter. NumerixS Investment Technologies Inc now owns 7,200 shares of the credit services provider’s stock valued at $84,000 after buying an additional 3,300 shares in the last quarter. Jane Street Group LLC purchased a new position in Navient in the fourth quarter valued at about $93,000. Finally, Signition LP increased its holdings in Navient by 13.6% in the fourth quarter. Signition LP now owns 11,362 shares of the credit services provider’s stock valued at $100,000 after buying an additional 1,358 shares in the last quarter. Institutional investors and hedge funds own 98.89% of the company’s stock.

Shares of NASDAQ NAVI traded up $0.22 during trading on Thursday, reaching $13.57. 936,220 shares of the company traded hands, compared to its average volume of 1,838,599. The firm has a market capitalization of $3.22 billion, a P/E ratio of 6.49, a PEG ratio of 2.13 and a beta of 2.34. Navient has a 12-month low of $8.23 and a 12-month high of $15.02. The company has a debt-to-equity ratio of 25.60, a quick ratio of 12.43 and a current ratio of 12.43.

Navient (NASDAQ:NAVI) last released its quarterly earnings data on Tuesday, April 23rd. The credit services provider reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.12. The business had revenue of $285.00 million during the quarter, compared to analyst estimates of $304.67 million. Navient had a return on equity of 15.10% and a net margin of 6.99%. During the same quarter last year, the business posted $0.43 EPS. As a group, analysts forecast that Navient will post 2.1 earnings per share for the current year.

About Navient

Navient Corporation provides education loan management and business processing solutions for education, healthcare, and government clients at the federal, state, and local levels in the United States. It operates in three segments: Federal Education Loans, Consumer Lending, and Business Processing. The company holds and acquires Federal Family Education Loan Program loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing and asset recovery services on its own loan portfolio, and federal education loans owned by the United States Department of Education and other institutions.

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Analyst Recommendations for Navient (NASDAQ:NAVI)

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