BidaskClub Lowers Navient (NASDAQ:NAVI) to Hold

BidaskClub lowered shares of Navient (NASDAQ:NAVI) from a buy rating to a hold rating in a report released on Thursday morning, BidAskClub reports.

A number of other equities research analysts have also recently commented on the company. JPMorgan Chase & Co. reissued a hold rating and issued a $7.00 price objective on shares of Deutsche Bank in a research note on Thursday, April 25th. ValuEngine cut Zosano Pharma from a buy rating to a hold rating in a research note on Wednesday, May 1st. Oppenheimer cut Gulfport Energy from an outperform rating to a market perform rating in a research note on Friday, April 5th. Finally, BMO Capital Markets raised Gold Fields from a market perform rating to an outperform rating in a research note on Thursday, April 25th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Navient presently has a consensus rating of Hold and a consensus price target of $15.10.

Shares of Navient stock opened at $13.63 on Thursday. The company has a quick ratio of 12.43, a current ratio of 12.43 and a debt-to-equity ratio of 25.60. Navient has a 52 week low of $8.23 and a 52 week high of $14.48. The firm has a 50 day moving average price of $13.36. The firm has a market capitalization of $3.26 billion, a PE ratio of 6.34, a PEG ratio of 2.13 and a beta of 2.11.

Navient (NASDAQ:NAVI) last announced its quarterly earnings data on Tuesday, April 23rd. The credit services provider reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.12. Navient had a return on equity of 15.10% and a net margin of 6.99%. The firm had revenue of $285.00 million during the quarter, compared to analysts’ expectations of $304.67 million. During the same quarter last year, the firm posted $0.43 earnings per share. As a group, analysts expect that Navient will post 2.14 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, June 7th were issued a $0.16 dividend. The ex-dividend date was Thursday, June 6th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.70%. Navient’s dividend payout ratio is presently 30.62%.

In other news, EVP Stephen M. Hauber sold 9,000 shares of the firm’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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.85% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of the company. HRT Financial LLC lifted its holdings in shares of Navient by 14.1% in the fourth quarter. HRT Financial LLC now owns 14,362 shares of the credit services provider’s stock valued at $126,000 after purchasing an additional 1,772 shares in the last quarter. Intrust Bank NA lifted its holdings in shares of Navient by 6.8% in the first quarter. Intrust Bank NA now owns 32,323 shares of the credit services provider’s stock valued at $374,000 after purchasing an additional 2,051 shares in the last quarter. Texas Permanent School Fund lifted its holdings in shares of Navient by 1.4% in the fourth quarter. Texas Permanent School Fund now owns 150,241 shares of the credit services provider’s stock valued at $1,324,000 after purchasing an additional 2,052 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services lifted its holdings in shares of Navient by 11.6% in the second quarter. First National Bank of Mount Dora Trust Investment Services now owns 22,412 shares of the credit services provider’s stock valued at $306,000 after purchasing an additional 2,325 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of Navient by 4.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 58,806 shares of the credit services provider’s stock valued at $518,000 after purchasing an additional 2,461 shares in the last quarter. Institutional investors own 94.10% of the company’s stock.

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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