Navient Co. (NASDAQ:NAVI - Get Free Report) hit a new 52-week low during trading on Monday after TD Cowen lowered their price target on the stock from $14.00 to $13.00. TD Cowen currently has a sell rating on the stock. Navient traded as low as $13.74 and last traded at $13.76, with a volume of 40880 shares. The stock had previously closed at $13.99.
A number of other equities research analysts also recently weighed in on the company. Bank of America began coverage on Navient in a report on Monday, September 30th. They set a "neutral" rating and a $17.00 target price for the company. Keefe, Bruyette & Woods raised their target price on shares of Navient from $15.00 to $16.00 and gave the stock a "market perform" rating in a report on Thursday, July 25th. JPMorgan Chase & Co. increased their price target on Navient from $15.00 to $16.00 and gave the stock a "neutral" rating in a research report on Monday, October 7th. Finally, Barclays lifted their price objective on Navient from $10.00 to $11.00 and gave the company an "underweight" rating in a report on Tuesday, October 8th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Navient presently has an average rating of "Hold" and an average target price of $15.78.
Check Out Our Latest Stock Report on NAVI
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC bought a new position in Navient in the first quarter valued at about $36,000. IAG Wealth Partners LLC acquired a new position in Navient in the 2nd quarter valued at approximately $50,000. Signaturefd LLC raised its stake in shares of Navient by 22.1% during the second quarter. Signaturefd LLC now owns 4,797 shares of the credit services provider's stock valued at $70,000 after acquiring an additional 869 shares during the last quarter. nVerses Capital LLC acquired a new position in shares of Navient during the third quarter worth $87,000. Finally, Harbor Capital Advisors Inc. bought a new stake in shares of Navient in the third quarter worth $95,000. Institutional investors own 97.14% of the company's stock.
Navient Stock Up 1.5 %
The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 20.58 and a beta of 1.39. The stock has a fifty day moving average of $15.58 and a two-hundred day moving average of $15.28. The company has a debt-to-equity ratio of 16.59, a current ratio of 9.49 and a quick ratio of 9.99.
Navient (NASDAQ:NAVI - Get Free Report) last announced its earnings results on Wednesday, October 30th. The credit services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $0.25 by $1.20. The business had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $150.04 million. Navient had a return on equity of 8.62% and a net margin of 1.71%. During the same period in the prior year, the business posted $0.84 earnings per share. Sell-side analysts anticipate that Navient Co. will post 1.39 earnings per share for the current year.
Navient Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 4.51%. The ex-dividend date was Friday, September 6th. Navient's dividend payout ratio (DPR) is presently 92.75%.
Navient Company Profile
(
Get Free Report)
Navient Corporation provides technology-enabled education finance and business processing solutions for education, health care, and government clients in the United States. It operates through three segments: Federal Education Loans, Consumer Lending, and Business Processing. The company owns Federal Family Education Loan Program (FFELP) loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing on its portfolios, as well as federal education loans held by other institutions.
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