Compass Point Trims Navient (NASDAQ:NAVI) Target Price to $12.50

Navient (NASDAQ:NAVIGet Rating) had its price objective reduced by Compass Point to $12.50 in a research report sent to investors on Tuesday morning, Stock Target Advisor reports.

A number of other brokerages also recently weighed in on NAVI. Keefe, Bruyette & Woods lowered their price target on Navient from $18.00 to $17.00 in a report on Monday, July 11th. Citigroup lifted their price target on Navient from $16.00 to $18.00 in a report on Thursday, July 28th. Finally, Barclays cut Navient from an overweight rating to an equal weight rating and reduced their price objective for the company from $19.00 to $13.00 in a research report on Friday, September 9th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $16.79.

Navient Stock Performance

Shares of NASDAQ NAVI opened at $13.69 on Tuesday. The company has a quick ratio of 15.69, a current ratio of 15.69 and a debt-to-equity ratio of 23.14. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 3.55 and a beta of 1.66. The stock’s fifty day simple moving average is $15.56 and its 200 day simple moving average is $15.68. Navient has a 52-week low of $12.45 and a 52-week high of $23.44.

Navient (NASDAQ:NAVIGet Rating) last issued its quarterly earnings results on Tuesday, July 26th. The credit services provider reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.13. Navient had a return on equity of 12.79% and a net margin of 18.11%. The business had revenue of $271.00 million for the quarter, compared to the consensus estimate of $264.50 million. During the same quarter in the previous year, the company posted $0.94 earnings per share. As a group, sell-side analysts forecast that Navient will post 3.4 earnings per share for the current fiscal year.

Navient Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, September 2nd were given a $0.16 dividend. The ex-dividend date of this dividend was Thursday, September 1st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.67%. Navient’s dividend payout ratio is currently 16.58%.

Institutional Trading of Navient

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Captrust Financial Advisors lifted its position in shares of Navient by 88.8% in the second quarter. Captrust Financial Advisors now owns 11,749 shares of the credit services provider’s stock worth $164,000 after buying an additional 5,525 shares during the last quarter. ExodusPoint Capital Management LP lifted its position in shares of Navient by 849.2% in the second quarter. ExodusPoint Capital Management LP now owns 110,743 shares of the credit services provider’s stock worth $1,549,000 after buying an additional 99,076 shares during the last quarter. United Services Automobile Association acquired a new stake in shares of Navient in the second quarter worth about $231,000. Price T Rowe Associates Inc. MD lifted its position in shares of Navient by 0.7% in the second quarter. Price T Rowe Associates Inc. MD now owns 91,373 shares of the credit services provider’s stock worth $1,278,000 after buying an additional 657 shares during the last quarter. Finally, Prudential Financial Inc. lifted its position in shares of Navient by 9.5% in the second quarter. Prudential Financial Inc. now owns 459,334 shares of the credit services provider’s stock worth $6,426,000 after buying an additional 39,700 shares during the last quarter. Institutional investors and hedge funds own 93.65% of the company’s stock.

Navient Company Profile

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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 through three segments: Federal Education Loans, Consumer Lending, and Business Processing.

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Analyst Recommendations for Navient (NASDAQ:NAVI)

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