BidaskClub Downgrades Navient (NAVI) to Sell

Navient (NASDAQ:NAVI) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Saturday.

A number of other analysts also recently issued reports on the stock. Credit Suisse Group dropped their price target on shares of Navient from $16.50 to $16.00 and set an “outperform” rating on the stock in a report on Wednesday, October 4th. Zacks Investment Research raised shares of Navient from a “strong sell” rating to a “hold” rating in a report on Monday, October 23rd. Compass Point downgraded shares of Navient from a “buy” rating to a “neutral” rating and dropped their price target for the company from $16.50 to $15.50 in a report on Thursday, October 5th. Barclays reaffirmed an “overweight” rating and set a $17.00 price target on shares of Navient in a report on Tuesday, November 14th. Finally, BMO Capital Markets dropped their price target on shares of Navient from $16.00 to $14.00 and set a “market perform” rating on the stock in a report on Thursday, October 19th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $17.36.

Shares of Navient (NAVI) opened at $13.60 on Friday. The company has a debt-to-equity ratio of 30.58, a quick ratio of 33.10 and a current ratio of 33.10. The stock has a market cap of $3,530.00, a PE ratio of 7.47, a PEG ratio of 1.20 and a beta of 2.33. Navient has a 1-year low of $11.48 and a 1-year high of $16.97.

Navient declared that its board has initiated a share repurchase program on Wednesday, October 4th that allows the company to repurchase outstanding shares. This repurchase authorization allows the credit services provider to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its stock is undervalued.

Several institutional investors and hedge funds have recently bought and sold shares of NAVI. W. E. Donoghue & Co. LLC purchased a new position in shares of Navient in the second quarter worth approximately $17,303,000. Parametric Portfolio Associates LLC boosted its holdings in shares of Navient by 56.4% in the second quarter. Parametric Portfolio Associates LLC now owns 2,304,386 shares of the credit services provider’s stock worth $38,368,000 after buying an additional 831,209 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of Navient by 56.4% in the fourth quarter. Bank of Montreal Can now owns 2,021,051 shares of the credit services provider’s stock worth $26,921,000 after buying an additional 729,149 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Navient by 27.5% in the third quarter. Schwab Charles Investment Management Inc. now owns 2,022,265 shares of the credit services provider’s stock worth $30,375,000 after buying an additional 436,644 shares during the last quarter. Finally, Koch Industries Inc. purchased a new position in shares of Navient in the second quarter worth approximately $407,000. 92.44% of the stock is currently owned by institutional investors.

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Navient Company Profile

Navient Corporation provides asset management and business processing services to education, healthcare and government clients at the federal, state and local levels. The Company holds the portfolio of education loans insured or federally guaranteed under the Federal Family Education Loan Program (FFELP).

Analyst Recommendations for Navient (NASDAQ:NAVI)

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