Brokerages Set Navient Corp. (NAVI) Target Price at $15.00
Shares of Navient Corp. (NASDAQ:NAVI) have earned a consensus rating of “Buy” from the eight research firms that are presently covering the stock. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $15.00.
Separately, Zacks Investment Research raised Navient Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, September 14th.
A number of large investors have recently added to or reduced their stakes in NAVI. Crow Point Partners LLC bought a new stake in Navient Corp. during the third quarter valued at approximately $255,000. Caisse DE Depot ET Placement DU Quebec bought a new stake in Navient Corp. during the third quarter valued at approximately $2,366,000. Xact Kapitalforvaltning AB bought a new stake in Navient Corp. during the third quarter valued at approximately $1,153,000. Panagora Asset Management Inc. increased its stake in Navient Corp. by 546.6% in the third quarter. Panagora Asset Management Inc. now owns 250,408 shares of the company’s stock valued at $3,623,000 after buying an additional 211,680 shares during the period. Finally, Nuveen Fund Advisors LLC increased its stake in Navient Corp. by 133.9% in the third quarter. Nuveen Fund Advisors LLC now owns 199,870 shares of the company’s stock valued at $2,892,000 after buying an additional 114,428 shares during the period. 88.54% of the stock is currently owned by institutional investors and hedge funds.
Shares of Navient Corp. (NASDAQ:NAVI) opened at 17.44 on Friday. Navient Corp. has a 12 month low of $8.20 and a 12 month high of $17.95. The stock’s 50 day moving average price is $14.63 and its 200 day moving average price is $13.77. The stock has a market capitalization of $5.29 billion, a price-to-earnings ratio of 7.16 and a beta of 2.37.
Navient Corp. (NASDAQ:NAVI) last posted its earnings results on Tuesday, October 18th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.02. Navient Corp. had a return on equity of 16.50% and a net margin of 16.31%. The firm had revenue of $405 million for the quarter, compared to analysts’ expectations of $391.75 million. During the same period in the previous year, the firm earned $0.47 earnings per share. The business’s revenue was down 12.0% compared to the same quarter last year. Analysts expect that Navient Corp. will post $1.83 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Friday, December 2nd will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend is Wednesday, November 30th. Navient Corp.’s dividend payout ratio (DPR) is 26.34%.
WARNING: This piece of content was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece of content on another domain, it was stolen and republished in violation of US and international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.thecerbatgem.com/2016/11/23/brokerages-set-navient-corp-navi-target-price-at-15-00.html.
Navient Corp. Company Profile
Navient Corporation is a loan management, servicing and asset recovery company. The Company holds the portfolio of education loans insured or guaranteed under the Federal Family Education Loan Program (FFELP), as well as the portfolio of Private Education Loans. FFELP Loans are insured or guaranteed by state based on guaranty agreements among the United States Department of Education (ED) and these agencies.
Receive News & Stock Ratings for Navient Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navient Corp. and related stocks with our FREE daily email newsletter.