Navient Corporation (NAVI) Lowered to Sell at BidaskClub

Navient Corporation (NASDAQ:NAVI) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday, August 5th.

NAVI has been the topic of a number of other reports. Wedbush reaffirmed a “neutral” rating and issued a $16.50 price target on shares of Navient Corporation in a research note on Tuesday, April 18th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $16.00 price target on shares of Navient Corporation in a research note on Friday, July 21st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $20.00 price target on shares of Navient Corporation in a research note on Friday, July 14th. Zacks Investment Research cut Navient Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Finally, Barclays PLC set a $20.00 price target on Navient Corporation and gave the stock a “buy” rating in a research note on Wednesday, April 12th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Navient Corporation currently has an average rating of “Hold” and a consensus target price of $18.55.

Navient Corporation (NASDAQ NAVI) traded down 0.29% during mid-day trading on Friday, hitting $13.60. The stock had a trading volume of 1,601,157 shares. The company’s 50 day moving average price is $15.10 and its 200 day moving average price is $15.04. Navient Corporation has a 52 week low of $12.66 and a 52 week high of $17.95. The firm has a market cap of $3.73 billion, a PE ratio of 7.05 and a beta of 2.43.

Navient Corporation (NASDAQ:NAVI) last announced its quarterly earnings data on Tuesday, July 18th. The credit services provider reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.02. The company had revenue of $343 million for the quarter, compared to analysts’ expectations of $331.67 million. Navient Corporation had a return on equity of 14.05% and a net margin of 11.50%. Navient Corporation’s revenue for the quarter was down 15.9% compared to the same quarter last year. During the same period last year, the firm posted $0.47 EPS. Analysts anticipate that Navient Corporation will post $1.76 earnings per share for the current year.

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Several large investors have recently added to or reduced their stakes in NAVI. BlackRock Inc. raised its stake in Navient Corporation by 2,615.0% in the first quarter. BlackRock Inc. now owns 21,395,479 shares of the credit services provider’s stock valued at $315,797,000 after buying an additional 20,607,439 shares in the last quarter. Prudential Financial Inc. raised its stake in Navient Corporation by 446.1% in the second quarter. Prudential Financial Inc. now owns 5,696,350 shares of the credit services provider’s stock valued at $94,845,000 after buying an additional 4,653,171 shares in the last quarter. Vanguard Group Inc. raised its stake in Navient Corporation by 4.3% in the first quarter. Vanguard Group Inc. now owns 39,295,006 shares of the credit services provider’s stock valued at $579,995,000 after buying an additional 1,606,973 shares in the last quarter. AJO LP raised its stake in Navient Corporation by 7,682.8% in the second quarter. AJO LP now owns 1,250,081 shares of the credit services provider’s stock valued at $20,814,000 after buying an additional 1,234,019 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Navient Corporation by 75.9% in the second quarter. JPMorgan Chase & Co. now owns 2,443,684 shares of the credit services provider’s stock valued at $40,687,000 after buying an additional 1,054,580 shares in the last quarter. Institutional investors own 96.37% of the company’s stock.

About Navient Corporation

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 Corporation (NASDAQ:NAVI)

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