BidaskClub cut shares of Navient (NASDAQ:NAVI) from a buy rating to a hold rating in a research report released on Friday, BidAskClub reports.

Several other equities research analysts have also recently weighed in on NAVI. JPMorgan Chase & Co. upgraded Navient from a neutral rating to an overweight rating and upped their target price for the stock from $12.50 to $14.50 in a report on Thursday, April 25th. Wedbush cut Navient from an outperform rating to a neutral rating in a report on Thursday, July 25th. They noted that the move was a valuation call. ValuEngine cut Navient from a sell rating to a strong sell rating in a report on Thursday, August 1st. BMO Capital Markets set a $17.00 target price on Navient and gave the stock a hold rating in a report on Friday, July 26th. Finally, TheStreet upgraded Navient from a c rating to a b- rating in a report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $15.67.

Shares of Navient stock opened at $13.13 on Friday. The stock’s fifty day moving average is $13.68 and its two-hundred day moving average is $12.83. The company has a market capitalization of $2.95 billion, a PE ratio of 6.28, a price-to-earnings-growth ratio of 1.74 and a beta of 2.12. The company has a quick ratio of 13.85, a current ratio of 13.85 and a debt-to-equity ratio of 26.20. Navient has a 52 week low of $8.23 and a 52 week high of $15.67.

Navient (NASDAQ:NAVI) last issued its earnings results on Tuesday, July 23rd. The credit services provider reported $0.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.20. Navient had a return on equity of 16.82% and a net margin of 8.14%. The business had revenue of $296.00 million during the quarter, compared to analysts’ expectations of $296.50 million. During the same period in the prior year, the business earned $0.52 EPS. The business’s revenue for the quarter was down 7.2% compared to the same quarter last year. As a group, research analysts anticipate that Navient will post 2.45 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.87%. The ex-dividend date is Thursday, September 5th. Navient’s dividend payout ratio (DPR) is currently 30.62%.

In related news, major shareholder Canyon Capital Advisors Llc sold 3,500,000 shares of the company’s stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $14.95, for a total transaction of $52,325,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.85% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada grew its holdings in Navient by 68.8% during the second quarter. Royal Bank of Canada now owns 177,274 shares of the credit services provider’s stock worth $2,420,000 after acquiring an additional 72,238 shares during the period. HM Payson & Co. acquired a new stake in Navient during the second quarter worth about $64,000. Amundi Pioneer Asset Management Inc. grew its holdings in Navient by 133.3% during the second quarter. Amundi Pioneer Asset Management Inc. now owns 181,509 shares of the credit services provider’s stock worth $2,477,000 after acquiring an additional 103,705 shares during the period. Prestige Wealth Management Group LLC acquired a new stake in Navient during the second quarter worth about $458,000. Finally, Zacks Investment Management acquired a new stake in Navient during the second quarter worth about $1,667,000. Hedge funds and other institutional investors own 96.83% of the company’s stock.

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.

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Analyst Recommendations for Navient (NASDAQ:NAVI)

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