Oppenheimer Initiates Coverage on Navient (NAVI)

Equities researchers at Oppenheimer began coverage on shares of Navient (NASDAQ:NAVI) in a research report issued to clients and investors on Monday, January 8th. The brokerage set a “hold” rating on the credit services provider’s stock. Oppenheimer also issued estimates for Navient’s Q4 2017 earnings at $0.42 EPS, Q1 2018 earnings at $0.46 EPS, Q2 2018 earnings at $0.48 EPS, Q3 2018 earnings at $0.49 EPS, Q4 2018 earnings at $0.47 EPS, FY2018 earnings at $1.89 EPS and FY2019 earnings at $1.95 EPS.

A number of other equities analysts have also recently issued reports on the stock. Zacks Investment Research upgraded shares of Navient from a “sell” rating to a “hold” rating in a research report on Wednesday, September 13th. Compass Point downgraded shares of Navient from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $16.50 to $15.50 in a report on Thursday, October 5th. ValuEngine upgraded shares of Navient from a “hold” rating to a “buy” rating in a report on Friday, December 1st. UBS Group assumed coverage on shares of Navient in a report on Monday, January 8th. They issued a “market perform” rating for the company. Finally, BMO Capital Markets decreased their price objective on shares of Navient from $16.00 to $14.00 and set a “market perform” rating for the company in a research note on Thursday, October 19th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $17.45.

Navient (NASDAQ NAVI) opened at $14.53 on Monday. The company has a debt-to-equity ratio of 30.13, a current ratio of 22.41 and a quick ratio of 33.10. The company has a market cap of $3,820.00, a price-to-earnings ratio of 14.39, a P/E/G ratio of 1.24 and a beta of 2.33. Navient has a 52-week low of $11.48 and a 52-week high of $16.97.

Navient (NASDAQ:NAVI) last issued its quarterly earnings data on Tuesday, January 23rd. The credit services provider reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.01. Navient had a net margin of 5.94% and a return on equity of 13.90%. The company had revenue of $366.00 million for the quarter, compared to the consensus estimate of $362.33 million. During the same period last year, the firm posted $0.43 EPS. research analysts predict that Navient will post 1.91 earnings per share for the current fiscal year.

In other news, SVP Stephen M. Hauber sold 17,423 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $14.40, for a total value of $250,891.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.68% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its stake in shares of Navient by 1.3% in the second quarter. Dimensional Fund Advisors LP now owns 9,130,065 shares of the credit services provider’s stock valued at $152,017,000 after buying an additional 113,420 shares in the last quarter. Prudential Financial Inc. increased its position in Navient by 3.4% in 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 during the period. Alps Advisors Inc. increased its position in Navient by 9.4% in the third quarter. Alps Advisors Inc. now owns 3,353,227 shares of the credit services provider’s stock worth $50,365,000 after purchasing an additional 287,007 shares during the period. JPMorgan Chase & Co. increased its position in Navient by 75.9% in the second quarter. JPMorgan Chase & Co. now owns 2,443,684 shares of the credit services provider’s stock worth $40,687,000 after purchasing an additional 1,054,580 shares during the period. Finally, Parametric Portfolio Associates LLC increased its position in 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 purchasing an additional 831,209 shares during the period. 92.60% of the stock is 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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