Navient Corp (NASDAQ:NAVI) has earned an average recommendation of “Hold” from the eleven brokerages that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $16.00.

A number of equities research analysts have recently commented on NAVI shares. BidaskClub raised shares of Navient from a “sell” rating to a “hold” rating in a report on Thursday. Zacks Investment Research raised shares of Navient from a “hold” rating to a “strong-buy” rating and set a $14.00 target price for the company in a report on Monday, October 28th. Barclays cut shares of Navient from an “overweight” rating to an “equal weight” rating and set a $16.00 target price for the company. in a report on Thursday, January 9th. Wedbush upped their target price on shares of Navient from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday. Finally, TheStreet cut shares of Navient from a “b-” rating to a “c+” rating in a report on Monday, October 7th.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Huntington National Bank raised its holdings in Navient by 190.0% during the fourth quarter. Huntington National Bank now owns 2,900 shares of the credit services provider’s stock worth $40,000 after purchasing an additional 1,900 shares in the last quarter. HM Payson & Co. purchased a new position in Navient in the second quarter valued at about $64,000. Doyle Wealth Management purchased a new position in Navient in the second quarter valued at about $72,000. LPL Financial LLC purchased a new position in Navient in the second quarter valued at about $138,000. Finally, Vestmark Advisory Solutions Inc. purchased a new position in Navient in the third quarter valued at about $141,000. 95.44% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:NAVI traded down $0.48 on Tuesday, reaching $14.97. The company’s stock had a trading volume of 59,780 shares, compared to its average volume of 1,492,521. The stock’s 50-day moving average is $13.84 and its two-hundred day moving average is $13.44. Navient has a 52-week low of $11.05 and a 52-week high of $15.67. The company has a debt-to-equity ratio of 24.40, a current ratio of 10.38 and a quick ratio of 13.16. The stock has a market capitalization of $3.36 billion, a P/E ratio of 5.85, a PEG ratio of 0.21 and a beta of 2.13.

Navient (NASDAQ:NAVI) last announced its earnings results on Tuesday, January 21st. The credit services provider reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.10. Navient had a net margin of 10.80% and a return on equity of 18.15%. The business had revenue of $294.00 million during the quarter, compared to analysts’ expectations of $298.33 million. During the same period in the prior year, the company earned $0.58 earnings per share. Equities analysts forecast that Navient will post 2.91 earnings per share for the current fiscal year.

Navient Company Profile

Navient Corporation provides education loan management and business processing solutions for education, healthcare, and government clients at the federal, state, and local levels in the United States. It operates in three segments: Federal Education Loans, Consumer Lending, and Business Processing. The company holds and acquires Federal Family Education Loan Program loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing and asset recovery services on its own loan portfolio, and federal education loans owned by the United States Department of Education and other institutions.

Read More: Why are gap-down stocks important?

Analyst Recommendations for Navient (NASDAQ:NAVI)

Receive News & Ratings for Navient Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navient and related companies with MarketBeat.com's FREE daily email newsletter.