Shares of Navient Corp (NASDAQ:NAVI) have received a consensus recommendation of “Hold” from the thirteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $16.25.

A number of equities analysts recently commented on the company. Wedbush raised Navient from a “neutral” rating to an “outperform” rating and increased their price target for the company from $14.50 to $15.75 in a research note on Friday, June 1st. BidaskClub raised Navient from a “hold” rating to a “buy” rating in a research note on Friday, May 25th. Zacks Investment Research raised Navient from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Monday, August 6th. Finally, ValuEngine lowered Navient from a “hold” rating to a “sell” rating in a research note on Tuesday, June 12th.

Navient stock traded up $0.02 during midday trading on Tuesday, reaching $13.41. 10,851 shares of the stock traded hands, compared to its average volume of 3,153,159. Navient has a 12 month low of $11.48 and a 12 month high of $15.61. The firm has a market cap of $3.50 billion, a PE ratio of 7.49 and a beta of 2.17. The company has a current ratio of 21.92, a quick ratio of 21.92 and a debt-to-equity ratio of 26.35.

Navient (NASDAQ:NAVI) last announced its quarterly earnings results on Tuesday, July 24th. The credit services provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05. Navient had a return on equity of 13.95% and a net margin of 5.72%. The company had revenue of $330.00 million during the quarter, compared to analyst estimates of $314.00 million. During the same period in the prior year, the company earned $0.43 earnings per share. The firm’s revenue was down 3.8% on a year-over-year basis. equities research analysts forecast that Navient will post 1.92 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 21st. Stockholders of record on Friday, September 7th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 4.77%. The ex-dividend date of this dividend is Thursday, September 6th. Navient’s payout ratio is 35.75%.

Large investors have recently bought and sold shares of the company. Point72 Asset Management L.P. bought a new stake in shares of Navient in the 2nd quarter valued at approximately $125,000. Yorktown Management & Research Co Inc bought a new stake in shares of Navient in the 2nd quarter valued at approximately $130,000. Nomura Asset Management Co. Ltd. bought a new stake in shares of Navient in the 1st quarter valued at approximately $138,000. Shufro Rose & Co. LLC bought a new stake in shares of Navient in the 2nd quarter valued at approximately $139,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Navient in the 2nd quarter valued at approximately $151,000. 95.47% 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.

Further Reading: Outstanding Shares

Analyst Recommendations for Navient (NASDAQ:NAVI)

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