Navient (NASDAQ:NAVI) Downgraded to Buy at ValuEngine

ValuEngine lowered shares of Navient (NASDAQ:NAVI) from a strong-buy rating to a buy rating in a research note published on Friday, February 2nd.

Several other analysts have also issued reports on NAVI. Zacks Investment Research lowered Navient from a hold rating to a sell rating in a report on Tuesday, January 9th. Compass Point lowered Navient from a buy rating to a neutral rating and cut their price objective for the stock from $16.50 to $15.50 in a report on Thursday, October 5th. Jefferies Group reiterated a hold rating and set a $15.00 price objective on shares of Navient in a report on Thursday, January 25th. JPMorgan Chase & Co. downgraded shares of Navient from a neutral rating to an underweight rating in a research report on Friday, January 12th. Finally, BidaskClub downgraded shares of Navient from a hold rating to a sell rating in a research report on Saturday, January 20th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $17.45.

Shares of Navient (NASDAQ:NAVI) traded up $0.10 during midday trading on Friday, reaching $13.56. The company’s stock had a trading volume of 2,095,800 shares, compared to its average volume of 3,316,341. Navient has a 52-week low of $11.48 and a 52-week high of $16.97. The company has a market cap of $3,540.14, a price-to-earnings ratio of 13.43, a P/E/G ratio of 1.17 and a beta of 2.30. The company has a current ratio of 22.41, a quick ratio of 33.10 and a debt-to-equity ratio of 30.13.

Navient (NASDAQ:NAVI) last announced its quarterly earnings data on Tuesday, January 23rd. The credit services provider reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The company had revenue of $366.00 million during the quarter, compared to the consensus estimate of $362.33 million. Navient had a return on equity of 13.90% and a net margin of 5.94%. During the same quarter in the prior year, the firm earned $0.43 EPS. analysts predict that Navient will post 1.91 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, March 2nd will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date of this dividend is Thursday, March 1st. Navient’s dividend payout ratio (DPR) is presently 63.37%.

In other news, SVP Stephen M. Hauber sold 17,423 shares of Navient stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $14.40, for a total value of $250,891.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.68% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of NAVI. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Navient in the fourth quarter valued at approximately $46,993,000. Eaton Vance Management grew its holdings in Navient by 5,718.6% during the 4th quarter. Eaton Vance Management now owns 3,551,030 shares of the credit services provider’s stock worth $47,300,000 after acquiring an additional 3,490,001 shares during the period. OppenheimerFunds Inc. grew its holdings in Navient by 270.2% during the 4th quarter. OppenheimerFunds Inc. now owns 3,410,798 shares of the credit services provider’s stock worth $45,432,000 after acquiring an additional 2,489,417 shares during the period. W. E. Donoghue & Co. LLC acquired a new stake in Navient during the 2nd quarter worth $17,303,000. Finally, Bank of Montreal Can grew its holdings in Navient by 56.4% during the 4th quarter. Bank of Montreal Can now owns 2,021,051 shares of the credit services provider’s stock worth $26,921,000 after acquiring an additional 729,149 shares during the period. 89.75% of the stock is owned by institutional investors and hedge funds.

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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).

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Analyst Recommendations for Navient (NASDAQ:NAVI)

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