Navient (NAVI) Given New $16.00 Price Target at BMO Capital Markets

Navient (NASDAQ:NAVI) had its price objective upped by BMO Capital Markets from $14.00 to $16.00 in a research report sent to investors on Thursday morning, BenzingaRatingsTable reports. BMO Capital Markets currently has a market perform rating on the credit services provider’s stock.

Several other equities research analysts also recently weighed in on NAVI. ValuEngine raised Navient from a strong sell rating to a sell rating in a report on Tuesday, February 19th. JPMorgan Chase & Co. upgraded Navient from an underweight rating to a neutral rating and reduced their price objective for the stock from $13.00 to $12.00 in a research note on Wednesday, January 16th. BidaskClub cut Navient from a buy rating to a hold rating in a research note on Thursday, February 7th. Zacks Investment Research cut Navient from a hold rating to a sell rating in a research note on Tuesday, January 29th. Finally, Oppenheimer reiterated a hold rating on shares of Navient in a research report on Friday, April 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $15.21.

NAVI stock traded up $0.01 during midday trading on Thursday, reaching $13.20. The company’s stock had a trading volume of 1,709,234 shares, compared to its average volume of 1,478,221. The company has a quick ratio of 17.67, a current ratio of 12.83 and a debt-to-equity ratio of 25.60. Navient has a 1 year low of $8.23 and a 1 year high of $15.02. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of 6.32, a PEG ratio of 2.19 and a beta of 2.29.

Navient (NASDAQ:NAVI) last posted its quarterly earnings results on Tuesday, April 23rd. The credit services provider reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.12. Navient had a return on equity of 15.10% and a net margin of 6.99%. The business had revenue of $285.00 million for the quarter, compared to the consensus estimate of $304.67 million. During the same quarter in the prior year, the company earned $0.43 EPS. Research analysts expect that Navient will post 2.07 EPS for the current year.

Several large investors have recently modified their holdings of NAVI. Signition LP boosted its stake in Navient by 13.6% during the fourth quarter. Signition LP now owns 11,362 shares of the credit services provider’s stock worth $100,000 after buying an additional 1,358 shares during the last quarter. HRT Financial LLC raised its holdings in shares of Navient by 14.1% in the 4th quarter. HRT Financial LLC now owns 14,362 shares of the credit services provider’s stock valued at $126,000 after buying an additional 1,772 shares during the period. KBC Group NV raised its holdings in shares of Navient by 9.1% in the 4th quarter. KBC Group NV now owns 22,362 shares of the credit services provider’s stock valued at $197,000 after buying an additional 1,871 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Navient by 5.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 35,249 shares of the credit services provider’s stock valued at $311,000 after buying an additional 1,909 shares during the period. Finally, Texas Permanent School Fund raised its holdings in shares of Navient by 1.4% in the 4th quarter. Texas Permanent School Fund now owns 150,241 shares of the credit services provider’s stock valued at $1,324,000 after buying an additional 2,052 shares during the period. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

About Navient

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 in three segments: Federal Education Loans, Consumer Lending, and Business Processing. The company holds and acquires Federal Family Education Loan Program loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing and asset recovery services on its own loan portfolio, and federal education loans owned by the United States Department of Education and other institutions.

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