Brokerages Set Navient Corporation (NASDAQ:NAVI) PT at $11.63

Shares of Navient Corporation (NASDAQ:NAVI) have been assigned an average rating of “Strong Sell” from the eleven research firms that are covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $11.6250.

NAVI has been the subject of a number of research analyst reports. Wall Street Zen cut Navient from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. JPMorgan Chase & Co. lowered their price objective on shares of Navient from $14.00 to $12.50 and set a “neutral” rating for the company in a research note on Thursday, October 30th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Navient from $15.00 to $9.00 and set a “hold” rating for the company in a report on Thursday, January 29th. Barclays set a $9.00 target price on shares of Navient in a report on Thursday, January 29th. Finally, Morgan Stanley set a $12.00 price target on shares of Navient in a research note on Wednesday, January 28th.

Navient Stock Performance

Shares of NAVI stock opened at $8.91 on Monday. The company has a debt-to-equity ratio of 16.94, a quick ratio of 9.41 and a current ratio of 9.01. The firm has a market cap of $868.81 million, a P/E ratio of -10.87 and a beta of 1.32. The firm’s 50 day moving average price is $11.39 and its 200-day moving average price is $12.24. Navient has a one year low of $8.56 and a one year high of $16.07.

Navient (NASDAQ:NAVI) last released its quarterly earnings results on Wednesday, January 28th. The credit services provider reported $0.02 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.29). Navient had a positive return on equity of 4.70% and a negative net margin of 2.47%.The firm had revenue of $137.00 million for the quarter, compared to analysts’ expectations of $144.25 million. During the same quarter in the prior year, the business earned ($0.24) earnings per share. Navient has set its FY 2026 guidance at 0.650-0.800 EPS. As a group, equities research analysts predict that Navient will post 1.04 EPS for the current year.

Navient Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, March 6th will be issued a dividend of $0.16 per share. The ex-dividend date is Friday, March 6th. This represents a $0.64 annualized dividend and a yield of 7.2%. Navient’s dividend payout ratio is -78.05%.

Institutional Trading of Navient

Large investors have recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in Navient by 70.5% in the fourth quarter. GAMMA Investing LLC now owns 1,978 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 818 shares during the last quarter. Intrust Bank NA raised its holdings in shares of Navient by 8.4% in the 2nd quarter. Intrust Bank NA now owns 11,503 shares of the credit services provider’s stock valued at $162,000 after purchasing an additional 895 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Navient by 5.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,698 shares of the credit services provider’s stock worth $264,000 after purchasing an additional 951 shares during the last quarter. CWM LLC lifted its position in shares of Navient by 79.0% during the 3rd quarter. CWM LLC now owns 2,525 shares of the credit services provider’s stock worth $33,000 after purchasing an additional 1,114 shares during the last quarter. Finally, Corient Private Wealth LLC grew its stake in shares of Navient by 6.8% during the second quarter. Corient Private Wealth LLC now owns 18,372 shares of the credit services provider’s stock worth $259,000 after purchasing an additional 1,168 shares in the last quarter. 97.14% of the stock is currently owned by hedge funds and other institutional investors.

Navient Company Profile

Navient Corporation (NASDAQ: NAVI) is a specialized provider of asset management and business processing solutions, with a primary focus on student loan servicing. Established in 2014 through the separation from Sallie Mae, Navient assumed responsibility for servicing federal and private education loans, positioning itself as one of the largest servicers of higher education debt in the United States.

The company’s core activities center on federal student loan servicing under contracts with the U.S.