Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Navient (NAVI) Stock Price
Media coverage about Navient (NASDAQ:NAVI) has been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Navient earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave media coverage about the credit services provider an impact score of 46.1106418335528 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have effected Accern’s analysis:
- Navient Says Investors’ Latest Complaint Still Falls Short (law360.com)
- Will These Stocks Remain Hot? Navient Corporation (NAVI), Halcon Resources Corporation (HK) – Market Movers (financialqz.com)
- Navient (NAVI) to Release Quarterly Earnings on Tuesday (americanbankingnews.com)
- SLM Student Loan Trust 2004-10 — Moody’s concludes reviews of 12 student loan ABS securitizations following the update of its approach to assessing counterparty risks in structured finance (finance.yahoo.com)
- Navient (NAVI) Downgraded by JPMorgan Chase & Co. (americanbankingnews.com)
A number of analysts recently commented on NAVI shares. Credit Suisse Group lowered their target price on shares of Navient from $16.50 to $16.00 and set an “outperform” rating for the company in a research note on Wednesday, October 4th. Zacks Investment Research upgraded shares of Navient from a “strong sell” rating to a “hold” rating in a research note on Monday, October 23rd. Compass Point cut shares of Navient from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $16.50 to $15.50 in a research note on Thursday, October 5th. Barclays reiterated an “overweight” rating and issued a $17.00 target price on shares of Navient in a research note on Tuesday, November 14th. Finally, BMO Capital Markets decreased their price objective on shares of Navient from $16.00 to $14.00 and set a “market perform” rating for the company in a research note on Thursday, October 19th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $17.36.
Navient (NASDAQ NAVI) opened at $13.35 on Friday. The company has a quick ratio of 33.10, a current ratio of 33.10 and a debt-to-equity ratio of 30.58. Navient has a 12 month low of $11.48 and a 12 month high of $16.97. The stock has a market cap of $3,616.42, a price-to-earnings ratio of 7.38, a P/E/G ratio of 1.20 and a beta of 2.37.
Navient (NASDAQ:NAVI) last posted its earnings results on Tuesday, October 17th. The credit services provider reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.05. Navient had a net margin of 10.88% and a return on equity of 14.09%. The firm had revenue of $343.00 million during the quarter, compared to analysts’ expectations of $361.33 million. During the same period in the previous year, the business posted $0.50 EPS. The business’s revenue was down 15.3% compared to the same quarter last year. research analysts anticipate that Navient will post 1.76 earnings per share for the current year.
Navient declared that its board has initiated a stock repurchase plan on Wednesday, October 4th that permits the company to repurchase shares. This repurchase authorization permits the credit services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
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Navient Corporation provides asset management and business processing services to education, healthcare and government clients at the federal, state and local levels. The Company holds the portfolio of education loans insured or federally guaranteed under the Federal Family Education Loan Program (FFELP).
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