Zacks Investment Research cut shares of Navient (NASDAQ:NAVI) from a buy rating to a hold rating in a research note published on Thursday morning.

According to Zacks, “Shares of Navient have outperformed the industry so far this year. Also, the company has an impressive earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in three of the trailing four quarters. Second-quarter results reflected lower provisions, partially offset by fall in revenues and higher expenses. The company remains well poised to benefit from the ongoing economic recovery and remains focused on leveraging its asset recovery & processing businesses. Though, Navient continues to struggle with regulatory claims and litigation burden owing to its practices in handling large number of student loans, its inorganic growth strategies of diversifying product offerings and boosting overall business encourage us.”

NAVI has been the topic of a number of other reports. BidaskClub cut Navient from a hold rating to a sell rating in a report on Friday, April 20th. Wedbush upgraded Navient from a neutral rating to an outperform rating and increased their target price for the stock from $14.50 to $15.75 in a report on Friday, June 1st. Finally, ValuEngine cut Navient from a hold rating to a sell rating in a report on Tuesday, June 12th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. Navient presently has an average rating of Hold and an average target price of $16.09.

Shares of NAVI stock traded down $0.09 during trading hours on Thursday, hitting $13.24. 901,020 shares of the company were exchanged, compared to its average volume of 1,849,394. The company has a market cap of $3.53 billion, a price-to-earnings ratio of 7.40 and a beta of 2.17. Navient has a fifty-two week low of $11.48 and a fifty-two week high of $15.61. The company has a quick ratio of 21.07, a current ratio of 21.92 and a debt-to-equity ratio of 26.35.

Navient (NASDAQ:NAVI) last announced its quarterly earnings data on Tuesday, July 24th. The credit services provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.47 by $0.05. The company had revenue of $330.00 million during the quarter, compared to the consensus estimate of $314.00 million. Navient had a net margin of 5.72% and a return on equity of 13.95%. The company’s quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 EPS. analysts anticipate that Navient will post 1.92 earnings per share for the current year.

Large investors have recently modified their holdings of the business. Yorktown Management & Research Co Inc bought a new position in Navient during the 2nd quarter valued at $130,000. Nomura Asset Management Co. Ltd. bought a new position in Navient during the 1st quarter valued at $138,000. Shufro Rose & Co. LLC bought a new position in Navient during the 2nd quarter valued at $139,000. Cerebellum GP LLC bought a new position in Navient during the 2nd quarter valued at $174,000. Finally, Assetmark Inc. lifted its stake in Navient by 89.8% during the 2nd quarter. Assetmark Inc. now owns 13,519 shares of the credit services provider’s stock valued at $176,000 after acquiring an additional 6,396 shares in the last quarter. Institutional investors and hedge funds own 97.22% 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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