Weiss Ratings Reiterates "Sell (D+)" Rating for Navient (NASDAQ:NAVI)

Key Points

• Weiss Ratings has reaffirmed a "Sell (D+)" rating for Navient, indicating ongoing concerns about the stock's performance.
• Various analysts, including Bank of America and Morgan Stanley, have lowered their price targets for Navient’s stock, now ranging from $12.00 to $14.50.
• Navient reported an earnings per share (EPS) of $0.21, missing estimates, contributing to a cautious outlook from investors.

Navient (NASDAQ:NAVI - Get Free Report)'s stock had its "sell (d+)" rating reaffirmed by equities researchers at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Several other equities research analysts have also recently issued reports on the company. Bank of America cut Navient from a "neutral" rating to an "underperform" rating and set a $12.00 target price on the stock. in a report on Thursday, September 4th. Morgan Stanley decreased their target price on Navient from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 31st. JPMorgan Chase & Co. cut their price target on shares of Navient from $15.00 to $14.00 and set a "neutral" rating for the company in a report on Tuesday. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Navient from $15.00 to $14.50 and set a "market perform" rating for the company in a research note on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of "Reduce" and a consensus target price of $13.07.

Navient Trading Down 1.3%

Shares of Navient stock opened at $12.44 on Wednesday. The company has a debt-to-equity ratio of 16.52, a quick ratio of 9.94 and a current ratio of 9.94. Navient has a 52-week low of $10.53 and a 52-week high of $16.15. The stock has a market capitalization of $1.24 billion, a P/E ratio of 40.13 and a beta of 1.34. The stock's 50-day simple moving average is $13.10 and its 200 day simple moving average is $13.18.

Navient (NASDAQ:NAVI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The credit services provider reported $0.21 EPS for the quarter, missing analysts' consensus estimates of $0.27 by ($0.06). Navient had a return on equity of 4.08% and a net margin of 0.89%.The company had revenue of $156.00 million during the quarter, compared to the consensus estimate of $156.20 million. During the same period in the previous year, the company earned $0.29 EPS. Navient has set its FY 2025 guidance at 0.950-1.050 EPS. As a group, research analysts anticipate that Navient will post 1.04 EPS for the current year.

Institutional Investors Weigh In On Navient

Hedge funds have recently made changes to their positions in the company. Intrust Bank NA grew 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 buying an additional 895 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Navient by 5.4% during the second 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 period. Neuberger Berman Group LLC boosted its stake in Navient by 5.6% during the 1st quarter. Neuberger Berman Group LLC now owns 18,100 shares of the credit services provider's stock valued at $229,000 after purchasing an additional 962 shares during the last quarter. Covestor Ltd boosted its stake in Navient by 15.7% in the first quarter. Covestor Ltd now owns 7,303 shares of the credit services provider's stock valued at $92,000 after acquiring an additional 993 shares during the last quarter. Finally, Wedge Capital Management L L P NC boosted its holdings in Navient by 1.8% in the 2nd quarter. Wedge Capital Management L L P NC now owns 57,611 shares of the credit services provider's stock valued at $812,000 after purchasing an additional 999 shares during the period. Institutional investors and hedge funds own 97.14% of the company's stock.

About Navient

Navient Corporation provides technology-enabled education finance and business processing solutions for education, health care, and government clients in the United States. It operates through three segments: Federal Education Loans, Consumer Lending, and Business Processing. The company owns Federal Family Education Loan Program (FFELP) loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing on its portfolios, as well as federal education loans held by other institutions.

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