Navient stock rating (NASDAQ: NAVI) reaffirmed by Seaport Res Ptn
Ship (NASDAQ: NAVI)Seaport Res Ptn’s stock revised its “neutral” rating in a research note released Thursday, Zacks.com reports.
Several other analysts have also recently published reports on NAVI. Zacks Investment Research downgraded Navient from a “strong buy” rating to a “conservation” rating and set a price target of $ 20.00 for the company. in a report on Tuesday, June 29. Credit Suisse Group raised its price target on Navient from $ 15.50 to $ 17.50 and gave the company a “neutral” rating in a research note on Friday, July 2. Citigroup downgraded Navient from a “buy” rating to a “neutral” rating and raised its target price for the company from $ 19.00 to $ 21.00 in a research note on Thursday, July 29. Seaport Global Securities launched coverage on Navient in a research note Thursday. They set a “neutral” rating for the company. Finally, Stephens raised its price target on Navient from $ 18.00 to $ 22.00 and assigned the company an “overweight” rating in a research note on Thursday, July 29. Seven analysts rated the stock with a conservation rating and four gave the company a buy rating. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $ 20.72.
NASDAQ NAVI shares opened at $ 19.12 on Thursday. Navient has a 12-month low of $ 7.89 and a 12-month high of $ 23.80. The company has a market cap of $ 3.21 billion, a P / E ratio of 3.74 and a beta of 1.82. The company has a current ratio of 19.43, a rapid ratio of 19.43 and a debt ratio of 27.96. The stock has a fifty-day moving average price of $ 21.99 and a 200-day moving average price of $ 18.84.
Navient (NASDAQ: NAVI) last reported its quarterly results on Monday, July 26. The credit service provider reported earnings per share (EPS) of $ 0.94 for the quarter, beating the consensus estimate of $ 0.85 by $ 0.09. Navient achieved a return on equity of 32.60% and a net margin of 25.84%. The company reported sales of $ 295.00 million in the quarter, compared to a consensus estimate of $ 268.06 million. During the same period of the previous year, the company achieved EPS of $ 0.92. On average, sell-side analysts expect Navient to post an EPS of 4.27 for the current fiscal year.
Hedge funds and other institutional investors have recently changed their holdings in the company. Bank of Montreal Can increased its holdings in Navient by 9.4% in the first quarter. Bank of Montreal Can now owns 505,338 shares of the credit service provider valued at $ 7,344,000 after acquiring an additional 43,240 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Navient by 13.3% in the first quarter. Principal Financial Group Inc. now owns 1,071,471 shares of the credit service provider valued at $ 15,333,000 after acquiring an additional 125,515 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Navient by 72.2% in the first quarter. Russell Investments Group Ltd. Now owns 300,261 shares of the credit service provider valued at $ 4,293,000 after acquiring an additional 125,944 shares during the last quarter. Brandywine Global Investment Management LLC purchased a new position in Navient in the first quarter valued at approximately $ 4,956,000. Finally, WBI Investments increased its stake in Navient by 79.6% in the first quarter. WBI Investments now owns 42,300 shares of the credit service provider valued at $ 605,000 after acquiring an additional 18,750 shares in the last quarter. 87.36% of the shares are currently held by hedge funds and other institutional investors.
Navient Company Profile
Navient Corp. is committed to providing asset management and business processing solutions for education, healthcare and government clients at the federal, state and local levels. It operates in the following segments: Federal Education Loans, Consumer Loans, Business Processing and Others. The Federal Education Loans segment holds the FFELP loans and provides asset management and recovery services on the FFELP loan portfolio.
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