Several brokerages have updated their recommendations and price targets on shares of Navient Corporation (NASDAQ: NAVI) in the last few weeks:

  • 10/23/2017 – Navient Corporation was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “Shares of Navient have underperformed the industry over the last six months. Also, the company does not have an impressive earnings surprise history. It missed the Zacks Consensus Estimate for earnings in two of the trailing four quarters. Though, Navient’s third-quarter results surpassed the consensus estimate on the back of strong growth in fee income, the results remained affected by higher expenses and lower net interest income. Further, Navient, which services large number of student loans, is under regulatory claims and litigation burden owing to its practices in handling loans. However, it benefits from the ongoing economic recovery and remains focused on leveraging its asset recovery & processing businesses.”
  • 10/19/2017 – Navient Corporation had its price target lowered by analysts at BMO Capital Markets from $16.00 to $14.00. They now have a “market perform” rating on the stock.
  • 10/16/2017 – Navient Corporation is now covered by analysts at Citigroup Inc.. They set a “buy” rating and a $20.00 price target on the stock.
  • 10/16/2017 – Navient Corporation had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $16.00 price target on the stock.
  • 10/12/2017 – Navient Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of Navient have underperformed the industry over the last six months. The company does not have an impressive earnings surprise history. It missed the Zacks Consensus Estimate for earnings in two of the trailing four quarters. Also, the U.S. student loan industry is currently under heightened regulatory scrutiny over alleged anti-consumer practices. Navient, which services large number of student loans, is under regulatory claims and litigation burden owing to its practices in handling loans. Recently, Pennsylvania attorney general, Josh Shapiro, has filed a lawsuit against Navient, accusing the company of engaging in deceptive lending practices, which have cost billions of dollars to borrowers. Moreover, SEC investigation is also ongoing related to possible insider trading in a particular transaction. However, it benefits from the ongoing economic recovery and remains focused on leveraging its asset recovery & processing businesses.”
  • 10/5/2017 – Navient Corporation was downgraded by analysts at Compass Point from a “buy” rating to a “neutral” rating. They now have a $15.50 price target on the stock, down previously from $16.50.
  • 10/4/2017 – Navient Corporation had its price target lowered by analysts at Credit Suisse Group from $16.50 to $16.00. They now have an “outperform” rating on the stock.
  • 9/19/2017 – Navient Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Navient’s shares have underperformed the industry over the last six months. The company does not have an impressive earnings surprise history. It missed the Zacks Consensus Estimate for earnings in two of the trailing four quarters. Also, the U.S. student loan industry is currently under heightened regulatory scrutiny over alleged anti-consumer practices. Navient, which services large number of student loans, is under regulatory claims and litigation burden owing to its practices in handling loans. However, it benefits from the ongoing economic recovery and remains focused on leveraging its asset recovery & processing businesses. Further, we remain encouraged as the company remains focused on growth opportunities to boost overall business.”
  • 9/13/2017 – Navient Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Navient’s shares have underperformed the industry over the past  year. The company does not have an impressive earnings surprise history. It missed the Zacks Consensus Estimate for earnings in two of the trailing four quarters. Also, the U.S. student loan industry is currently under heightened regulatory scrutiny over alleged anti-consumer practices. Navient, which services large number of student loans, is under regulatory claims and litigation burden owing to its practices in handling loans. However, it benefits from the ongoing economic recovery and remains focused on leveraging its asset recovery & processing businesses. Further, we remain encouraged as the company remains focused on growth opportunities to boost overall business.”
  • 9/8/2017 – Navient Corporation was upgraded by analysts at Credit Suisse Group from a “neutral” rating to an “outperform” rating. They now have a $16.50 price target on the stock.
  • 9/5/2017 – Navient Corporation was upgraded by analysts at Compass Point from a “neutral” rating to a “buy” rating. They now have a $16.50 price target on the stock.

Shares of Navient Corporation (NASDAQ:NAVI) traded down 0.287% during midday trading on Tuesday, hitting $12.145. 938,566 shares of the stock were exchanged. Navient Corporation has a 1-year low of $11.48 and a 1-year high of $17.95. The firm has a 50-day moving average of $13.54 and a 200-day moving average of $14.59. The company has a market capitalization of $3.29 billion, a P/E ratio of 6.714 and a beta of 2.48.

Navient Corporation (NASDAQ:NAVI) last posted its earnings results on Tuesday, October 17th. The credit services provider reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. Navient Corporation had a net margin of 10.88% and a return on equity of 14.09%. The firm had revenue of $343.00 million during the quarter, compared to analyst estimates of $361.33 million. During the same period last year, the firm posted $0.50 earnings per share. Navient Corporation’s revenue for the quarter was down 15.3% compared to the same quarter last year. On average, equities analysts expect that Navient Corporation will post $1.74 EPS for the current year.

In other Navient Corporation news, EVP John M. Kane sold 28,886 shares of Navient Corporation stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $15.00, for a total transaction of $433,290.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.68% of the stock is owned by insiders.

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).

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