Navient Co. (NASDAQ:NAVI) Receives $13.90 Average Price Target from Brokerages

Navient Co. (NASDAQ:NAVI - Get Free Report) has received an average recommendation of "Hold" from the six brokerages that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $13.90.

A number of equities research analysts recently weighed in on NAVI shares. StockNews.com lowered shares of Navient from a "buy" rating to a "hold" rating in a report on Friday, January 31st. JPMorgan Chase & Co. dropped their target price on shares of Navient from $15.00 to $13.50 and set a "neutral" rating on the stock in a research report on Tuesday, January 14th. Bank of America reduced their target price on Navient from $17.00 to $16.00 and set a "neutral" rating for the company in a report on Tuesday, December 24th. Finally, Seaport Res Ptn raised Navient from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 21st.

Hedge Funds Weigh In On Navient

Hedge funds and other institutional investors have recently modified their holdings of the stock. Marshall Wace LLP grew its holdings in shares of Navient by 1,043.8% during the 4th quarter. Marshall Wace LLP now owns 635,466 shares of the credit services provider's stock worth $8,445,000 after acquiring an additional 579,909 shares during the period. Wellington Management Group LLP boosted its stake in Navient by 47.4% during the fourth quarter. Wellington Management Group LLP now owns 1,315,841 shares of the credit services provider's stock worth $17,488,000 after acquiring an additional 423,013 shares in the last quarter. Tudor Investment Corp ET AL grew its holdings in Navient by 1,088.8% in the fourth quarter. Tudor Investment Corp ET AL now owns 460,646 shares of the credit services provider's stock worth $6,122,000 after purchasing an additional 421,898 shares during the period. Voloridge Investment Management LLC bought a new position in shares of Navient during the fourth quarter valued at approximately $4,009,000. Finally, Lighthouse Investment Partners LLC bought a new position in shares of Navient during the fourth quarter valued at approximately $3,717,000. Hedge funds and other institutional investors own 97.14% of the company's stock.

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Navient Price Performance

Shares of NAVI stock traded down $0.28 on Monday, reaching $13.91. The company had a trading volume of 1,128,129 shares, compared to its average volume of 815,876. The stock has a market capitalization of $1.42 billion, a PE ratio of 11.99 and a beta of 1.36. The company has a quick ratio of 9.49, a current ratio of 9.48 and a debt-to-equity ratio of 16.35. The business's 50-day moving average is $13.76 and its 200 day moving average is $14.72. Navient has a one year low of $12.73 and a one year high of $17.56.

Navient (NASDAQ:NAVI - Get Free Report) last issued its quarterly earnings results 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%. Equities research analysts forecast that Navient will post 1.04 EPS for the current fiscal year.

Navient Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date is Friday, March 7th. Navient's payout ratio is presently 55.17%.

About Navient

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.