Shares of Navient Co. (NASDAQ:NAVI – Get Free Report) have been assigned a consensus recommendation of “Reduce” from the nine analysts that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $15.78.
A number of brokerages recently commented on NAVI. JPMorgan Chase & Co. boosted their price objective on shares of Navient from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday. Bank of America started coverage on shares of Navient in a research note on Monday, September 30th. They issued a “neutral” rating and a $17.00 price objective for the company. Keefe, Bruyette & Woods upped their target price on shares of Navient from $15.00 to $16.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. Finally, Barclays upped their target price on shares of Navient from $10.00 to $11.00 and gave the company an “underweight” rating in a research note on Tuesday.
Read Our Latest Stock Analysis on Navient
Hedge Funds Weigh In On Navient
Navient Trading Down 0.6 %
Navient stock opened at $15.44 on Friday. The firm’s 50-day moving average is $15.51 and its 200-day moving average is $15.48. The company has a debt-to-equity ratio of 17.30, a quick ratio of 9.99 and a current ratio of 9.99. Navient has a 1 year low of $13.95 and a 1 year high of $19.68. The company has a market cap of $1.73 billion, a P/E ratio of 9.90 and a beta of 1.39.
Navient (NASDAQ:NAVI – Get Free Report) last released its earnings results on Wednesday, July 24th. The credit services provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.14). The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $157.27 million. Navient had a net margin of 3.41% and a return on equity of 11.06%. During the same period in the previous year, the business posted $0.70 EPS. On average, equities analysts expect that Navient will post 1.43 earnings per share for the current year.
Navient Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were issued a dividend of $0.16 per share. The ex-dividend date was Friday, September 6th. This represents a $0.64 annualized dividend and a yield of 4.15%. Navient’s dividend payout ratio (DPR) is currently 41.03%.
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.
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