Navient Co. (NASDAQ:NAVI) Receives $13.50 Average Price Target from Brokerages

Navient Co. (NASDAQ:NAVI - Get Free Report) has earned an average recommendation of "Hold" from the six research firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $13.00.

Several analysts have issued reports on NAVI shares. Keefe, Bruyette & Woods lowered their price objective on shares of Navient from $16.00 to $14.00 and set a "market perform" rating for the company in a research report on Monday, March 31st. Seaport Res Ptn raised shares of Navient from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 21st. JPMorgan Chase & Co. cut their price objective on shares of Navient from $13.50 to $11.00 and set a "neutral" rating on the stock in a report on Tuesday. Bank of America lowered their target price on Navient from $17.00 to $16.00 and set a "neutral" rating for the company in a research note on Tuesday, December 24th. Finally, TD Cowen upgraded Navient from a "strong sell" rating to a "hold" rating in a research note on Wednesday, April 2nd.

Institutional Investors Weigh In On Navient

A number of institutional investors have recently made changes to their positions in NAVI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Navient by 1.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,052 shares of the credit services provider's stock worth $585,000 after purchasing an additional 823 shares during the period. Quantinno Capital Management LP boosted its holdings in shares of Navient by 12.6% in the 3rd quarter. Quantinno Capital Management LP now owns 14,173 shares of the credit services provider's stock valued at $221,000 after buying an additional 1,587 shares during the period. Brevan Howard Capital Management LP grew its position in shares of Navient by 16.3% during the 4th quarter. Brevan Howard Capital Management LP now owns 12,877 shares of the credit services provider's stock valued at $171,000 after buying an additional 1,804 shares during the last quarter. Sterling Capital Management LLC grew its position in shares of Navient by 815.0% during the 4th quarter. Sterling Capital Management LLC now owns 2,443 shares of the credit services provider's stock valued at $32,000 after buying an additional 2,176 shares during the last quarter. Finally, Wedge Capital Management L L P NC raised its stake in Navient by 4.8% during the fourth quarter. Wedge Capital Management L L P NC now owns 47,774 shares of the credit services provider's stock worth $635,000 after acquiring an additional 2,190 shares during the period. 97.14% of the stock is currently owned by institutional investors.

Navient Stock Down 2.5 %

Shares of NASDAQ:NAVI traded down $0.28 during midday trading on Friday, hitting $10.76. 1,053,667 shares of the company's stock traded hands, compared to its average volume of 788,731. The firm's fifty day moving average price is $13.33 and its two-hundred day moving average price is $14.22. The company has a debt-to-equity ratio of 16.35, a quick ratio of 9.49 and a current ratio of 9.48. Navient has a twelve month low of $10.53 and a twelve month high of $17.28. The company has a market cap of $1.10 billion, a PE ratio of 9.28 and a beta of 1.24.

Navient (NASDAQ:NAVI - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The credit services provider reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.01). Navient had a return on equity of 6.69% and a net margin of 2.96%. On average, equities research analysts anticipate that Navient will post 1.04 EPS for the current fiscal year.

Navient Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 5.95%. The ex-dividend date was Friday, March 7th. Navient's payout ratio is currently 55.17%.

Navient Company Profile

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.