Navient Corp Given Consensus Recommendation of “Buy” by Analysts (NASDAQ:NAVI)
Shares of Navient Corp (NASDAQ:NAVI) have received a consensus rating of “Buy” from the nine ratings firms that are currently covering the stock, Analyst Ratings Network reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $18.00.
Shares of Navient Corp (NASDAQ:NAVI) traded down 0.18% during mid-day trading on Friday, hitting $16.83. The stock had a trading volume of 322,113 shares. Navient Corp has a 52-week low of $15.00 and a 52-week high of $18.28. The stock’s 50-day moving average is $17.62 and its 200-day moving average is $16.94. The company has a market cap of $7.059 billion and a P/E ratio of 7.07.
Navient Corp (NASDAQ:NAVI) last posted its quarterly earnings results on Wednesday, July 16th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.03. The company had revenue of $662.00 million for the quarter, compared to the consensus estimate of $572.33 million. The company’s revenue for the quarter was down 15.6% on a year-over-year basis. Analysts expect that Navient Corp will post $2.05 EPS for the current fiscal year.
In other Navient Corp news, Director Barry Lawson Williams sold 14,450 shares of the stock on the open market in a transaction dated Friday, August 1st. The stock was sold at an average price of $17.42, for a total value of $251,719.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on NAVI shares. Analysts at Compass Point reiterated a “focus list” rating on shares of Navient Corp in a research note on Monday, July 14th. Separately, analysts at TheStreet downgraded shares of Navient Corp from a “hold” rating to a “sell” rating in a research note on Tuesday, June 3rd. Finally, analysts at Janney Montgomery Scott initiated coverage on shares of Navient Corp in a research note on Tuesday, May 20th. They set a “buy” rating and a $18.00 price target on the stock.
Navient Corporation holds the portfolio of education loans insured or guaranteed under the Federal Family Education Loan Program (NASDAQ:NAVI), as well as the portfolio of private education loans (Private Education Loans).
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