Shares of Navient Corp (NASDAQ:NAVI) have received a consensus rating of “Hold” from the fourteen ratings firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $16.72.
A number of analysts recently issued reports on the stock. BidaskClub upgraded shares of Navient from a “strong sell” rating to a “sell” rating in a research note on Friday, March 9th. Zacks Investment Research lowered shares of Navient from a “buy” rating to a “hold” rating in a research note on Tuesday, March 13th. ValuEngine lowered shares of Navient from a “hold” rating to a “sell” rating in a research note on Tuesday, June 12th. Wedbush upgraded shares of Navient from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $14.50 to $15.75 in a research note on Friday, June 1st. Finally, Compass Point upgraded shares of Navient from a “neutral” rating to a “buy” rating and set a $16.00 price target for the company in a research note on Wednesday, April 4th.
Get Navient alerts:Hedge funds have recently added to or reduced their stakes in the business. Nomura Asset Management Co. Ltd. bought a new stake in Navient during the first quarter valued at $138,000. Stone Ridge Asset Management LLC bought a new stake in Navient during the fourth quarter valued at $141,000. First Allied Advisory Services Inc. bought a new stake in Navient during the fourth quarter valued at $148,000. Gotham Asset Management LLC bought a new stake in Navient during the fourth quarter valued at $154,000. Finally, Amundi Pioneer Asset Management Inc. bought a new stake in Navient during the fourth quarter valued at $155,000. Hedge funds and other institutional investors own 98.14% of the company’s stock.
Navient opened at $13.38 on Monday, according to Marketbeat Ratings. The company has a current ratio of 21.07, a quick ratio of 21.07 and a debt-to-equity ratio of 28.03. The stock has a market cap of $3.54 billion, a price-to-earnings ratio of 7.47, a PEG ratio of 1.19 and a beta of 2.20. Navient has a twelve month low of $11.48 and a twelve month high of $16.97.
Navient (NASDAQ:NAVI) last issued its quarterly earnings results on Tuesday, April 24th. The credit services provider reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. The business had revenue of $329.00 million during the quarter, compared to analyst estimates of $313.00 million. Navient had a net margin of 6.43% and a return on equity of 13.91%. During the same quarter in the previous year, the firm earned $0.37 earnings per share. analysts predict that Navient will post 1.88 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Friday, June 1st were paid a dividend of $0.16 per share. The ex-dividend date was Thursday, May 31st. This represents a $0.64 annualized dividend and a yield of 4.78%. Navient’s payout ratio is 35.75%.
About Navient
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.
No comments:
Post a Comment