Navient (NASDAQ:NAVI) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Saturday, October 27th.
A number of other research analysts have also issued reports on the stock. Citigroup dropped their price objective on shares of Navient from $20.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, October 25th. Oppenheimer reiterated a “hold” rating on shares of Navient in a report on Thursday, October 25th. Zacks Investment Research upgraded shares of Navient from a “sell” rating to a “hold” rating and set a $13.00 price target for the company in a report on Monday, October 22nd. Finally, BidaskClub lowered shares of Navient from a “hold” rating to a “sell” rating in a report on Friday, October 12th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $15.55.
NASDAQ NAVI traded up $0.47 during trading hours on Friday, reaching $11.20. The company’s stock had a trading volume of 3,151,557 shares, compared to its average volume of 2,376,734. The firm has a market cap of $2.77 billion, a PE ratio of 6.26 and a beta of 2.12. Navient has a 52 week low of $10.69 and a 52 week high of $15.02. The company has a debt-to-equity ratio of 25.59, a current ratio of 19.74 and a quick ratio of 19.74.
Navient (NASDAQ:NAVI) last issued its quarterly earnings data on Tuesday, October 23rd. The credit services provider reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.04. The business had revenue of $327.00 million during the quarter, compared to analyst estimates of $310.17 million. Navient had a net margin of 4.29% and a return on equity of 13.43%. The firm’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter last year, the business earned $0.55 EPS. As a group, research analysts anticipate that Navient will post 1.9 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the business. Point72 Asset Management L.P. bought a new position in Navient during the 2nd quarter worth approximately $125,000. Yorktown Management & Research Co Inc bought a new position in Navient during the 2nd quarter worth approximately $130,000. Signition LP bought a new position in Navient during the 3rd quarter worth approximately $135,000. Gryphon Financial Partners LLC raised its holdings in Navient by 212.9% during the 3rd quarter. Gryphon Financial Partners LLC now owns 10,113 shares of the credit services provider’s stock worth $137,000 after purchasing an additional 6,881 shares during the last quarter. Finally, Shufro Rose & Co. LLC bought a new stake in shares of Navient in the 2nd quarter valued at $139,000. Hedge funds and other institutional investors own 94.92% of the company’s stock.
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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To view ValuEngine’s full report, visit ValuEngine’s official website.
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