Navient (NASDAQ:NAVI) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

A number of other research analysts also recently issued reports on NAVI. Zacks Investment Research downgraded shares of Navient from a “buy” rating to a “hold” rating in a research report on Wednesday, April 18th. Jefferies Group reiterated a “hold” rating and issued a $15.00 price objective on shares of Navient in a research report on Thursday, January 25th. UBS began coverage on shares of Navient in a research report on Monday, January 8th. They issued a “market perform” rating for the company. Compass Point upgraded shares of Navient from a “neutral” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Wednesday, April 4th. Finally, ValuEngine downgraded shares of Navient from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $17.67.

NASDAQ NAVI opened at $13.36 on Friday. The firm has a market cap of $3,508.43, a P/E ratio of 7.46, a price-to-earnings-growth ratio of 1.17 and a beta of 2.20. Navient has a 1 year low of $11.48 and a 1 year high of $16.97. The company has a debt-to-equity ratio of 28.03, a current ratio of 20.46 and a quick ratio of 22.35.

Navient (NASDAQ:NAVI) last posted its earnings results on Tuesday, April 24th. The credit services provider reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. The company had revenue of $329.00 million during the quarter, compared to the consensus estimate of $313.00 million. Navient had a net margin of 6.43% and a return on equity of 13.91%. During the same period in the previous year, the firm posted $0.37 earnings per share. equities analysts predict that Navient will post 1.89 EPS for the current fiscal year.

In other news, SVP Stephen M. Hauber sold 17,423 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $14.40, for a total transaction of $250,891.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.68% of the stock is owned by insiders.

Several hedge funds have recently added to or reduced their stakes in NAVI. Janus Henderson Group PLC increased its stake in shares of Navient by 30.9% during the third quarter. Janus Henderson Group PLC now owns 75,477 shares of the credit services provider’s stock worth $1,133,000 after purchasing an additional 17,838 shares in the last quarter. Neuberger Berman Group LLC increased its stake in shares of Navient by 67.8% during the third quarter. Neuberger Berman Group LLC now owns 17,078 shares of the credit services provider’s stock worth $257,000 after purchasing an additional 6,899 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Navient by 8.1% during the third quarter. Public Employees Retirement System of Ohio now owns 132,231 shares of the credit services provider’s stock worth $1,986,000 after purchasing an additional 9,852 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of Navient by 3.4% during the third quarter. Prudential Financial Inc. now owns 5,888,964 shares of the credit services provider’s stock worth $88,452,000 after purchasing an additional 192,614 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in shares of Navient by 10.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 106,053 shares of the credit services provider’s stock worth $1,413,000 after purchasing an additional 9,755 shares in the last quarter. 97.43% of the stock is owned by institutional investors and hedge funds.

Navient Company Profile

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.

Analyst Recommendations for Navient (NASDAQ:NAVI)

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