Navient (NAVI) Getting Somewhat Favorable Press Coverage, Analysis Finds

News stories about Navient (NASDAQ:NAVI) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Navient earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned news stories about the credit services provider an impact score of 45.3337933481191 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:

A number of research firms have recently issued reports on NAVI. ValuEngine raised shares of Navient from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Jefferies Group reiterated a “hold” rating and issued a $16.00 target price on shares of Navient in a research report on Monday, October 16th. Zacks Investment Research upgraded shares of Navient from a “sell” rating to a “hold” rating in a research report on Tuesday, September 19th. Citigroup began coverage on shares of Navient in a research report on Monday, October 16th. They issued a “buy” rating and a $20.00 target price on the stock. Finally, BMO Capital Markets decreased their target price on shares of Navient from $16.00 to $14.00 and set a “market perform” rating on the stock in a research report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $18.00.

Shares of Navient (NASDAQ:NAVI) traded down $0.04 during trading hours on Wednesday, reaching $13.09. 2,911,615 shares of the company were exchanged, compared to its average volume of 3,065,559. The stock has a market cap of $3,450.00, a PE ratio of 7.50 and a beta of 2.33. Navient has a one year low of $11.48 and a one year high of $17.05. The company has a debt-to-equity ratio of 30.58, a quick ratio of 33.10 and a current ratio of 33.10.

Navient (NASDAQ:NAVI) last issued its earnings results on Tuesday, October 17th. The credit services provider reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. The company had revenue of $343.00 million for the quarter, compared to analysts’ expectations of $361.33 million. Navient had a net margin of 10.88% and a return on equity of 14.09%. The firm’s revenue was down 15.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.50 EPS. equities research analysts predict that Navient will post 1.76 EPS for the current fiscal year.

Navient declared that its board has initiated a share repurchase plan on Wednesday, October 4th that permits the company to repurchase outstanding shares. This repurchase authorization permits the credit services provider to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date of this dividend was Thursday, November 30th. Navient’s payout ratio is presently 35.16%.

In other news, CFO Christian M. Lown acquired 6,000 shares of the firm’s stock in a transaction on Friday, October 20th. The shares were purchased at an average price of $12.35 per share, for a total transaction of $74,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John M. Kane sold 28,886 shares of the business’s stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $15.00, for a total transaction of $433,290.00. The disclosure for this sale can be found here. 1.68% of the stock is currently owned by insiders.

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Navient Company Profile

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).

Insider Buying and Selling by Quarter for Navient (NASDAQ:NAVI)

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