Navient (NASDAQ:NAVI)‘s stock had its “hold” rating reissued by investment analysts at Jefferies Group in a research report issued on Thursday. They currently have a $15.00 price objective on the credit services provider’s stock. Jefferies Group’s price target suggests a potential upside of 3.16% from the stock’s current price. Jefferies Group also issued estimates for Navient’s Q2 2018 earnings at $0.43 EPS, Q3 2018 earnings at $0.52 EPS, Q4 2018 earnings at $0.55 EPS, Q1 2019 earnings at $0.41 EPS, Q2 2019 earnings at $0.42 EPS, Q3 2019 earnings at $0.53 EPS, Q4 2019 earnings at $0.58 EPS and FY2019 earnings at $1.90 EPS.
NAVI has been the topic of a number of other reports. Citigroup started coverage on shares of Navient in a research note on Monday, October 16th. They set a “buy” rating and a $20.00 target price on the stock. Barclays restated an “overweight” rating and set a $17.00 target price on shares of Navient in a research note on Tuesday, November 14th. Zacks Investment Research lowered shares of Navient from a “hold” rating to a “sell” rating in a research note on Thursday, October 12th. Credit Suisse Group cut their target price on shares of Navient from $16.50 to $16.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 4th. Finally, BMO Capital Markets cut their target price on shares of Navient from $16.00 to $14.00 and set a “market perform” rating on the stock in a research note on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. Navient has a consensus rating of “Hold” and a consensus price target of $17.45.
Shares of Navient (NASDAQ:NAVI) traded down $0.12 during trading hours on Thursday, reaching $14.54. 2,210,000 shares of the company’s stock were exchanged, compared to its average volume of 3,145,767. The company has a debt-to-equity ratio of 30.13, a current ratio of 22.41 and a quick ratio of 33.10. The stock has a market capitalization of $3,855.76, a price-to-earnings ratio of 8.28, a PEG ratio of 1.28 and a beta of 2.37. Navient has a one year low of $11.48 and a one year high of $16.97.
Navient declared that its Board of Directors has approved a stock buyback plan on Wednesday, October 4th that authorizes the company to repurchase outstanding shares. This repurchase authorization authorizes the credit services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.
A number of institutional investors have recently made changes to their positions in NAVI. Quantbot Technologies LP purchased a new position in Navient in the third quarter valued at approximately $121,000. Advisors Asset Management Inc. increased its stake in Navient by 84.0% in the third quarter. Advisors Asset Management Inc. now owns 10,168 shares of the credit services provider’s stock valued at $153,000 after purchasing an additional 4,642 shares during the last quarter. First Midwest Bank Trust Division purchased a new position in Navient in the third quarter valued at approximately $175,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new position in Navient in the fourth quarter valued at approximately $177,000. Finally, Thrivent Financial For Lutherans increased its stake in Navient by 1.0% in the second quarter. Thrivent Financial For Lutherans now owns 10,770 shares of the credit services provider’s stock valued at $179,000 after purchasing an additional 110 shares during the last quarter. Institutional investors own 92.64% of the company’s stock.
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Navient Company Profile
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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