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Principale » Navient Corporation (NAVI) Price Target Lowered to $14.00 at BMO Capital Markets

Navient Corporation (NAVI) Price Target Lowered to $14.00 at BMO Capital Markets

21 Octobre 2017

NAVI has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Navient Corporation from a sell rating to a hold rating in a research note on Tuesday, September 19th. BidaskClub downgraded shares of Navient Corporation from a "buy" rating to a "hold" rating in a report on Monday, July 24th. Keefe, Bruyette & Woods reiterated a "buy" rating and issued a $20.00 target price on shares of Navient Corporation in a research note on Friday, July 14th. Compass Point downgraded Navient Corporation from a buy rating to a neutral rating and reduced their price objective for the company from $16.50 to $15.50 in a research note on Thursday, October 5th. Finally, BMO Capital Markets restated a hold rating and issued a $16.00 price objective (down previously from $17.00) on shares of Navient Corporation in a research note on Thursday, July 20th. 1,618,416 shares of the company's stock traded hands. The firm has a 50 day moving average of $14.18 and a 200 day moving average of $13.61. Navient Corporation has a one year low of $11.48 and a one year high of $17.95. The firm has a market cap of $3.38 billion, a PE ratio of 6.91 and a beta of 2.48.

Navient Corporation (NASDAQ:NAVI) last issued its quarterly earnings data on Tuesday, October 17th. The credit services provider reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.50 by $0.05.

Navient Cp Cmn (NASDAQ:NAVI) has average revenue estimates of $356.33 Million, compared to low analyst estimates of $337 Million and high estimates of $373 Million for the current quarter. Navient Corporation (NASDAQ:NAVI) recently traded as high as $12.4. For the current year the company's revenue estimates are $1.41 Billion compared to low analyst estimates of $1.37 Billion and high estimates of $1.44 Billion according to the prediction of 7 analysts. The low EPS estimate is $0.55, while the high EPS estimate is $0.98.

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Navient Corporation announced that its Board of Directors has approved a share buyback plan on Wednesday, October 4th that allows the company to buyback outstanding shares. Shares repurchase plans are generally an indication that the company's board believes its stock is undervalued. Hedge funds and other institutional investors own 93.01% of the company's stock. The stock was sold at an average price of $14.20, for a total transaction of $231,460.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Several other institutional investors also recently modified their holdings of the company. Can now owns 401,283 shares of the company's stock worth $5,798,000 after buying an additional 49,411 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Navient Corporation in the 1st quarter valued at about $153,000. Dimensional Fund Advisors LP now owns 9,130,065 shares of the credit services provider's stock valued at $152,017,000 after purchasing an additional 113,420 shares in the last quarter. Brookstone Capital Management boosted its position in shares of Navient Corp.by 1.9% in the third quarter. AJO LP now owns 1,250,081 shares of the credit services provider's stock valued at $20,814,000 after buying an additional 1,234,019 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its holdings in shares of Navient Corporation by 8.8% in the 2nd quarter.

When we look at the Analyst Recommendations of the stock, the company has 2.68 rating given by Analysts where 1 stands for Strong Buy and 5 stands for Strong Sell.

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 guaranteed under the Federal Family Education Loan Program (FFELP), as well as the portfolio of Private Education Loans.