Navient Corporation (NASDAQ:NAVI) was upgraded by equities research analysts at Credit Suisse Group from a “neutral” rating to an “outperform” rating in a report issued on Friday, MarketBeat reports.

A number of other equities analysts have also recently weighed in on the company. Zacks Investment Research cut Navient Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 17th. BidaskClub upgraded Navient Corporation from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Jefferies Group LLC restated a “buy” rating on shares of Navient Corporation in a report on Monday, June 12th. ValuEngine upgraded Navient Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, June 16th. Finally, Stifel Nicolaus raised their target price on Navient Corporation from $24.00 to $26.00 and gave the company a “hold” rating in a report on Monday, June 12th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Navient Corporation presently has an average rating of “Hold” and a consensus price target of $18.36.

Navient Corporation (NASDAQ NAVI) traded up 2.82% during mid-day trading on Friday, hitting $13.51. The stock had a trading volume of 4,252,763 shares. The company has a market cap of $3.70 billion, a PE ratio of 7.00 and a beta of 2.44. Navient Corporation has a one year low of $12.66 and a one year high of $17.95. The firm’s 50-day moving average price is $14.05 and its 200 day moving average price is $14.86.

Navient Corporation (NASDAQ:NAVI) last released its quarterly earnings results on Tuesday, July 18th. The credit services provider reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. The business had revenue of $343 million during the quarter, compared to analysts’ expectations of $331.67 million. Navient Corporation had a return on equity of 14.05% and a net margin of 11.50%. The company’s revenue was down 15.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.47 EPS. On average, equities research analysts anticipate that Navient Corporation will post $1.76 EPS for the current year.

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A number of hedge funds have recently bought and sold shares of NAVI. BlackRock Inc. raised its position in Navient Corporation by 2,615.0% in the 1st quarter. BlackRock Inc. now owns 21,395,479 shares of the credit services provider’s stock valued at $315,797,000 after purchasing an additional 20,607,439 shares in the last quarter. Prudential Financial Inc. raised its position in Navient Corporation by 446.1% in the 2nd quarter. Prudential Financial Inc. now owns 5,696,350 shares of the credit services provider’s stock valued at $94,845,000 after purchasing an additional 4,653,171 shares in the last quarter. Vanguard Group Inc. raised its position in Navient Corporation by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 39,295,006 shares of the credit services provider’s stock valued at $579,995,000 after purchasing an additional 1,606,973 shares in the last quarter. AJO LP raised its position in Navient Corporation by 7,682.8% in the 2nd quarter. AJO LP now owns 1,250,081 shares of the credit services provider’s stock valued at $20,814,000 after purchasing an additional 1,234,019 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Navient Corporation by 75.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,443,684 shares of the credit services provider’s stock valued at $40,687,000 after purchasing an additional 1,054,580 shares in the last quarter. 92.65% of the stock is currently owned by institutional investors.

About Navient Corporation

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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