Navient (NASDAQ:NAVI) Upgraded by StockNews.com to “Buy” Rating

Navient (NASDAQ:NAVI) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

A number of other analysts have also commented on the company. Keefe, Bruyette & Woods boosted their price target on Navient from $15.00 to $16.00 and gave the company a “market perform” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. upped their price target on Navient from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, October 7th. Bank of America began coverage on shares of Navient in a report on Monday, September 30th. They issued a “neutral” rating and a $17.00 price objective on the stock. TD Cowen decreased their target price on shares of Navient from $14.00 to $13.00 and set a “sell” rating for the company in a research report on Friday. Finally, Barclays boosted their price target on shares of Navient from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 8th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $15.78.

Navient Stock Performance

Shares of NAVI opened at $13.99 on Friday. The firm’s 50 day moving average price is $15.58 and its two-hundred day moving average price is $15.29. The company has a debt-to-equity ratio of 16.59, a quick ratio of 9.99 and a current ratio of 9.49. Navient has a twelve month low of $13.95 and a twelve month high of $19.68. The firm has a market cap of $1.50 billion, a P/E ratio of 20.28 and a beta of 1.39.

Institutional Investors Weigh In On Navient

A number of institutional investors and hedge funds have recently modified their holdings of NAVI. Allspring Global Investments Holdings LLC bought a new position in Navient during the first quarter worth about $36,000. IAG Wealth Partners LLC bought a new position in shares of Navient during the 2nd quarter worth approximately $50,000. Signaturefd LLC increased its holdings in shares of Navient by 22.1% during the 2nd quarter. Signaturefd LLC now owns 4,797 shares of the credit services provider’s stock worth $70,000 after acquiring an additional 869 shares during the last quarter. nVerses Capital LLC bought a new stake in Navient in the 3rd quarter valued at $87,000. Finally, Harbor Capital Advisors Inc. acquired a new stake in Navient during the 3rd quarter valued at $95,000. 97.14% of the stock is owned by institutional investors.

About Navient

Navient Corporation provides technology-enabled education finance and business processing solutions for education, health care, and government clients in the United States. It operates through three segments: Federal Education Loans, Consumer Lending, and Business Processing. The company owns Federal Family Education Loan Program (FFELP) loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing on its portfolios, as well as federal education loans held by other institutions.