Navient (NASDAQ:NAVI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Monday.

According to Zacks, “Shares of Navient outperformed the industry over the past six months. Also, the company has an impressive earnings surprise history, surpassing the Zacks Consensus Estimate for earnings in three of the trailing four quarters. Fourth-quarter 2018 results reflect robust organic growth on the back of lower expenses and higher fee income. Yet, lower net interest income was a headwind. The company remains well poised to benefit from the ongoing economic recovery and remains focused on leveraging its asset recovery & processing businesses. The company continues to deploy technology platform and digital marketing tools to attract originations that bodes well for financials. Nevertheless, it continues to struggle with regulatory claims and litigation burden owing to its practices in handling large number of student loans. Also, unsustainable capital deployment activities, lack of access to new loans and alternative sources of revenues are concerns.”

A number of other analysts also recently issued reports on the stock. BidaskClub downgraded shares of Navient from a “buy” rating to a “hold” rating in a report on Thursday. Oppenheimer restated a “hold” rating on shares of Navient in a report on Friday, January 25th. JPMorgan Chase & Co. upgraded shares of Navient from an “underweight” rating to a “neutral” rating and decreased their price objective for the stock from $13.00 to $12.00 in a report on Wednesday, January 16th. Barclays set a $14.00 price objective on shares of Navient and gave the stock a “buy” rating in a report on Friday, December 14th. Finally, ValuEngine downgraded shares of Navient from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 11th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $14.79.

Shares of NAVI stock traded up $0.11 on Monday, hitting $11.36. The stock had a trading volume of 72,065 shares, compared to its average volume of 1,800,913. The company has a market cap of $2.90 billion, a P/E ratio of 5.44 and a beta of 2.30. The company has a debt-to-equity ratio of 26.37, a current ratio of 17.67 and a quick ratio of 19.74. Navient has a 12-month low of $8.23 and a 12-month high of $15.02.

Navient (NASDAQ:NAVI) last announced its earnings results on Tuesday, January 22nd. The credit services provider reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.11. The company had revenue of $307.00 million during the quarter, compared to the consensus estimate of $315.67 million. Navient had a net margin of 7.04% and a return on equity of 14.08%. During the same quarter in the prior year, the company posted $0.43 earnings per share. As a group, research analysts expect that Navient will post 1.96 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Doyle Wealth Management bought a new position in Navient during the fourth quarter worth about $46,000. Signition LP boosted its position in shares of Navient by 13.6% in the fourth quarter. Signition LP now owns 11,362 shares of the credit services provider’s stock valued at $100,000 after acquiring an additional 1,358 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of Navient by 781.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 907,606 shares of the credit services provider’s stock valued at $103,000 after acquiring an additional 804,586 shares during the period. Penserra Capital Management LLC bought a new position in shares of Navient in the fourth quarter valued at approximately $106,000. Finally, Zweig DiMenna Associates LLC bought a new position in shares of Navient in the fourth quarter valued at approximately $109,000. Institutional investors and hedge funds own 93.29% of the company’s stock.

Navient Company Profile

Navient Corporation provides asset management and business processing services to education, health care, and government clients at the federal, state, and local levels in the United States. The company operates in three segments: Federal Family Education Loan Program (FFELP) Loans, Private Education Loans, and Business Services.

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Analyst Recommendations for Navient (NASDAQ:NAVI)

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