Navient Corporation (NASDAQ:NAVI) was upgraded by equities researchers at Compass Point from a “neutral” rating to a “buy” rating in a report issued on Tuesday. The firm presently has a $16.50 target price on the credit services provider’s stock. Compass Point’s price objective points to a potential upside of 19.57% from the stock’s previous close.

NAVI has been the subject of a number of other reports. BidaskClub downgraded Navient Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Jefferies Group LLC reissued a “hold” rating and issued a $16.00 target price on shares of Navient Corporation in a research report on Friday, July 21st. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $20.00 target price on shares of Navient Corporation in a research report on Friday, July 14th. BMO Capital Markets reissued a “hold” rating and issued a $16.00 target price (down from $17.00) on shares of Navient Corporation in a research report on Thursday, July 20th. Finally, Zacks Investment Research downgraded Navient Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $18.36.

Navient Corporation (NASDAQ NAVI) opened at 13.80 on Tuesday. Navient Corporation has a 12-month low of $12.66 and a 12-month high of $17.95. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 7.15 and a beta of 2.44. The company’s 50 day moving average price is $14.11 and its 200-day moving average price is $14.87.

Navient Corporation (NASDAQ:NAVI) last issued its quarterly earnings results on Tuesday, July 18th. The credit services provider reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.02. The company had revenue of $343 million during the quarter, compared to the consensus estimate 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 was down 15.9% on a year-over-year basis. During the same period last year, the business posted $0.47 earnings per share. On average, equities analysts anticipate that Navient Corporation will post $1.76 earnings per share for the current fiscal year.

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Several institutional investors have recently bought and sold shares of the company. Toronto Dominion Bank boosted its holdings in shares of Navient Corporation by 22.8% in the second quarter. Toronto Dominion Bank now owns 96,600 shares of the credit services provider’s stock worth $1,609,000 after acquiring an additional 17,937 shares during the period. Advisory Services Network LLC boosted its holdings in shares of Navient Corporation by 25.3% in the second quarter. Advisory Services Network LLC now owns 19,860 shares of the credit services provider’s stock worth $331,000 after acquiring an additional 4,006 shares during the period. North Star Asset Management Inc. boosted its holdings in shares of Navient Corporation by 2.5% in the second quarter. North Star Asset Management Inc. now owns 543,133 shares of the credit services provider’s stock worth $9,043,000 after acquiring an additional 13,460 shares during the period. Koch Industries Inc. bought a new position in shares of Navient Corporation in the second quarter worth $407,000. Finally, Sterling Capital Management LLC boosted its holdings in shares of Navient Corporation by 345.0% in the second quarter. Sterling Capital Management LLC now owns 201,087 shares of the credit services provider’s stock worth $3,348,000 after acquiring an additional 155,894 shares during the period. 92.65% of the stock is owned by hedge funds and other institutional investors.

Navient Corporation 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 Corporation (NASDAQ:NAVI)

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