BidaskClub Lowers Navient (NAVI) to Sell

Navient (NASDAQ:NAVI) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Several other research firms have also recently issued reports on NAVI. Zacks Investment Research cut shares of Navient from a “hold” rating to a “sell” rating in a report on Thursday, October 12th. Barclays reissued an “overweight” rating and set a $17.00 price target on shares of Navient in a report on Tuesday, November 14th. ValuEngine raised shares of Navient from a “hold” rating to a “buy” rating in a report on Friday, December 1st. UBS Group initiated coverage on shares of Navient in a report on Monday, January 8th. They set a “market perform” rating for the company. Finally, Jefferies Group reissued a “hold” rating and set a $16.00 price target on shares of Navient in a report on Monday, October 16th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $17.36.

Navient (NAVI) opened at $13.60 on Friday. The stock has a market cap of $3,511.21, a PE ratio of 7.54, a P/E/G ratio of 1.17 and a beta of 2.37. Navient has a 1-year low of $11.48 and a 1-year high of $16.97. The company has a current ratio of 33.10, a quick ratio of 33.10 and a debt-to-equity ratio of 30.58.

Navient declared that its Board of Directors has initiated a share buyback plan on Wednesday, October 4th that authorizes the company to repurchase shares. This repurchase authorization authorizes the credit services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

A number of institutional investors have recently modified their holdings of NAVI. W. E. Donoghue & Co. LLC purchased a new position in Navient in the second quarter valued at about $17,303,000. Parametric Portfolio Associates LLC increased its holdings in Navient by 56.4% in the second quarter. Parametric Portfolio Associates LLC now owns 2,304,386 shares of the credit services provider’s stock valued at $38,368,000 after buying an additional 831,209 shares in the last quarter. Bank of Montreal Can increased its holdings in Navient by 56.4% in the fourth quarter. Bank of Montreal Can now owns 2,021,051 shares of the credit services provider’s stock valued at $26,921,000 after buying an additional 729,149 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Navient by 27.5% in the third quarter. Schwab Charles Investment Management Inc. now owns 2,022,265 shares of the credit services provider’s stock valued at $30,375,000 after buying an additional 436,644 shares in the last quarter. Finally, Koch Industries Inc. purchased a new position in Navient in the second quarter valued at about $407,000. 92.44% of the stock is owned by institutional investors.

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About Navient

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 (NASDAQ:NAVI)

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