Navient Co. (NASDAQ:NAVI – Get Free Report) has earned an average rating of “Hold” from the six analysts that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $13.90.
NAVI has been the topic of several recent research reports. Seaport Res Ptn upgraded shares of Navient from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 21st. Bank of America cut their price target on shares of Navient from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday, December 24th. StockNews.com downgraded shares of Navient from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. cut their price target on shares of Navient from $15.00 to $13.50 and set a “neutral” rating on the stock in a report on Tuesday, January 14th.
Check Out Our Latest Stock Analysis on Navient
Hedge Funds Weigh In On Navient
Navient Stock Up 3.5 %
Shares of NASDAQ NAVI opened at $13.47 on Monday. The firm’s 50-day moving average price is $13.78 and its 200-day moving average price is $14.63. The company has a current ratio of 9.48, a quick ratio of 9.49 and a debt-to-equity ratio of 16.35. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 11.61 and a beta of 1.36. Navient has a 12-month low of $12.73 and a 12-month high of $17.56.
Navient (NASDAQ:NAVI – Get Free Report) last announced its earnings results on Wednesday, January 29th. The credit services provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.01). Navient had a net margin of 2.96% and a return on equity of 6.69%. On average, equities research analysts anticipate that Navient will post 1.04 EPS for the current fiscal year.
Navient Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a $0.16 dividend. The ex-dividend date is Friday, March 7th. This represents a $0.64 dividend on an annualized basis and a yield of 4.75%. Navient’s dividend payout ratio is currently 55.17%.
Navient Company Profile
Navient Corporation provides technology-enabled education finance and business processing solutions for education, health care, and government clients in the United States. It operates through three segments: Federal Education Loans, Consumer Lending, and Business Processing. The company owns Federal Family Education Loan Program (FFELP) loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing on its portfolios, as well as federal education loans held by other institutions.
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