Investors who are keeping close eye on the stock of Navient Corporation (NASDAQ:NAVI) established that the company was able to keep return on investment at 0.48 in the trailing twelve month while Reuters data showed that industry's average stands at 2.74 and sector's optimum level is 0.45. Atria Investments held roughly 0.06% of Navient Corporation valued $2,933,000 during the latest period. On average, equities analysts anticipate that Navient Corporation will post $1.80 earnings per share for the current fiscal year. The company is scheduled to issue its next earnings report on Tuesday, July 18th.
Zacks' EPS calculations are an average based on a survey of sell-side analysts that follow Navient Corporation.
From another technical standpoint, Navient Corporation (NASDAQ:NAVI)'s 14-day Relative Strength Index (RSI) has reached 58.73, putting it inside a neutral zone. The company had revenue of $334 million during the quarter, compared to the consensus estimate of $345.60 million. While in the same Quarter Previous year, the Actual EPS was $0.47. The business's quarterly revenue was down 19.7% compared to the same quarter a year ago. With that said, researchers took a deep dive into the hotly debated question: is it too early to buy Navient Corporation (NASDAQ:NAVI). Zacks Investment Research upgraded shares of Navient Corporation from a "hold" rating to a "buy" rating and set a $16.00 price target on the stock in a research report on Wednesday, April 5th. Finally, BMO Capital Markets reaffirmed a "hold" rating and issued a $17.00 target price on shares of Navient Corp in a research report on Tuesday, April 11th. The stock of Navient Corp (NASDAQ:NAVI) earned "Hold" rating by Jefferies on Monday, June 19. Wedbush restated a "neutral" rating and set a $16.50 target price on shares of Navient Corporation in a research report on Tuesday, April 18th. Keefe, Bruyette & Woods set a $20.00 price target on shares of Navient Corporation and gave the stock a "buy" rating in a research report on Thursday, April 6th. Six analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Navient Corporation presently has a consensus rating of "Buy" and a consensus price target of $18.50. Van Eck holds 0% in Navient Corp (NASDAQ:NAVI) or 1,999 shares. Tower Ltd Liability Corporation (Trc) accumulated 11,259 shares or 0.02% of the stock. The firm has a market cap of $4.64 billion, a P/E ratio of 8.56 and a beta of 2.48. Company's 50 Day SMA is $15.04 and its 200 SMA is $15.33.
Navient Corporation (NAVI) has a market capitalization of 4.51 Billion which suggests the company is a huge company further suggesting that the shares of Navient Corporation (NAVI) are stable and safe compared to the lower market capitalization companies. The business also recently announced a quarterly dividend, which will be paid on Friday, June 16th. Stockholders of record on Friday, June 2nd will be given a $0.16 dividend. Mckinley Capital Mgmt Ltd Limited Liability Company Delaware holds 0% of its portfolio in Navient Corp (NASDAQ:NAVI) for 3,790 shares. The value of the investment in Navient Corporation increased from $22,000 to $24,000 a change of $2,000 quarter to quarter.
Brandon Fritts named to Mackey Award Watch List
The unveiling of this year's victor will be a part of the Home Depot College Football Awards Show slated for December 7 2017. He had 13 tackles in the upset win over No. 2 Ohio State, including the game-clinching takedown of Buckeye quarterback J.T.
In other news, Director Gilleland Diane Suitt sold 5,467 shares of the firm's stock in a transaction dated Monday, April 24th. The shares were sold at an average price of $15.89, for a total value of $86,870.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
The stock is now showing YTD performance of -1.52 Percent.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new position in Navient Corporation during the fourth quarter worth about $79,843,000. Thrivent Financial For Lutherans boosted its position in shares of Navient Corporation by 2.3% in the first quarter. Vanguard Group Inc. now owns 39,295,006 shares of the credit services provider's stock worth $579,995,000 after buying an additional 1,606,973 shares during the last quarter. Aviva PLC now owns 205,531 shares of the credit services provider's stock worth $3,379,000 after buying an additional 14,638 shares in the last quarter. Asset Management One Co.
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