Navient (NASDAQ:NAVI) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Tuesday.

Other research analysts have also recently issued reports about the stock. Wedbush upgraded shares of Navient from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $14.50 to $15.75 in a report on Friday, June 1st. Zacks Investment Research cut shares of Navient from a “buy” rating to a “hold” rating in a report on Thursday, August 9th. Finally, BidaskClub upgraded shares of Navient from a “hold” rating to a “buy” rating in a report on Friday, May 25th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $16.09.

NASDAQ NAVI opened at $14.31 on Tuesday. Navient has a 52 week low of $11.48 and a 52 week high of $15.61. The company has a quick ratio of 21.92, a current ratio of 21.92 and a debt-to-equity ratio of 26.35. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of 7.99 and a beta of 2.16.

Navient (NASDAQ:NAVI) last posted its earnings results 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. Navient had a net margin of 5.72% and a return on equity of 13.95%. The firm had revenue of $330.00 million during the quarter, compared to analysts’ expectations of $314.00 million. During the same quarter in the prior year, the firm earned $0.43 EPS. Navient’s quarterly revenue was down 3.8% on a year-over-year basis. equities analysts expect that Navient will post 1.92 earnings per share for the current year.

A number of large investors have recently modified their holdings of NAVI. BlackRock Inc. boosted its holdings in Navient by 43.4% during the second quarter. BlackRock Inc. now owns 24,405,633 shares of the credit services provider’s stock worth $318,005,000 after buying an additional 7,380,981 shares in the last quarter. Canyon Capital Advisors LLC boosted its holdings in Navient by 27.1% during the second quarter. Canyon Capital Advisors LLC now owns 25,607,480 shares of the credit services provider’s stock worth $333,665,000 after buying an additional 5,465,768 shares in the last quarter. EJF Capital LLC boosted its holdings in Navient by 2,546.3% during the first quarter. EJF Capital LLC now owns 1,323,170 shares of the credit services provider’s stock worth $17,360,000 after buying an additional 1,273,170 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Navient by 11.9% during the first quarter. Dimensional Fund Advisors LP now owns 11,844,533 shares of the credit services provider’s stock worth $155,400,000 after buying an additional 1,263,554 shares in the last quarter. Finally, Todd Asset Management LLC bought a new stake in Navient during the first quarter worth approximately $15,087,000. Hedge funds and other institutional investors own 91.83% 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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