Navient (NAVI) Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Navient in the last year. There are currently 1 sell rating and 6 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" NAVI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NAVI, but not buy additional shares or sell existing shares.
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7 analysts have issued 12 month price targets for Navient's shares. Their NAVI share price forecasts range from $12.50 to $20.00. On average, they anticipate the company's share price to reach $17.30 in the next year. This suggests a possible upside of 10.9% from the stock's current price.
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Navient's stock was trading at $16.45 at the beginning of 2023. Since then, NAVI shares have decreased by 5.2% and is now trading at $15.60.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
View our NAVI earnings forecast.

Navient Co. (NASDAQ:NAVI) announced its earnings results on Wednesday, April, 26th. The credit services provider reported $1.06 earnings per share for the quarter, topping analysts' consensus estimates of $0.88 by $0.18. The credit services provider had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $230.68 million. Navient had a trailing twelve-month return on equity of 16.24% and a net margin of 12.07%. During the same period in the previous year, the firm earned $0.90 EPS.

Navient declared a quarterly dividend on Thursday, May 25th. Investors of record on Friday, June 2nd will be paid a dividend of $0.16 per share on Friday, June 16th. This represents a $0.64 annualized dividend and a yield of 4.10%. The ex-dividend date is Thursday, June 1st.
Read our dividend analysis for NAVI.

ETFs with the largest weight of Navient (NASDAQ:NAVI) stock in their portfolio include Invesco S&P MidCap Value with Momentum ETF (XMVM), Invesco S&P MidCap 400 Pure Value ETF (RFV), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), Invesco S&P Ultra Dividend Revenue ETF (RDIV), First Trust Active Factor Small Cap ETF (AFSM), First Trust Active Factor Mid Cap ETF (AFMC), First Trust Small Cap Value AlphaDEX Fund (FYT) and WBI Power Factor High Dividend ETF (WBIY).

Navient (NASDAQ:NAVI) pays an annual dividend of $0.64 per share and currently has a dividend yield of 4.17%. NAVI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 17.73%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NAVI will have a dividend payout ratio of 21.12% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NAVI.

Navient issued an update on its FY 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share (EPS) guidance of $3.15-$3.30 for the period, compared to the consensus EPS estimate of $3.19. The company issued revenue guidance of -.

152 employees have rated Navient Chief Executive Officer John (Jack) F. Remondi on Glassdoor.com. John (Jack) F. Remondi has an approval rating of 90% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Navient investors own include AT&T (T), OPKO Health (OPK), General Electric (GE), QUALCOMM (QCOM), Cisco Systems (CSCO), Advanced Micro Devices (AMD), Ford Motor (F), Pfizer (PFE), Bank of America (BAC) and Intel (INTC).

Navient trades on the NASDAQ under the ticker symbol "NAVI."

Navient's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (10.10%), Dimensional Fund Advisors LP (8.64%), LSV Asset Management (5.00%), State Street Corp (3.24%), AQR Capital Management LLC (1.60%) and Bank of New York Mellon Corp (1.34%). Insiders that own company stock include Anna Escobedo Cabral, John F Remondi, John M Kane, Newbury Investors Llc, Stephen M Hauber and Stephen M Hauber.
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Shares of NAVI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of NAVI stock can currently be purchased for approximately $15.60.

Navient (NASDAQ:NAVI) has a market capitalization of $1.97 billion and generates $3.84 billion in revenue each year. The credit services provider earns $645 million in net income (profit) each year or $3.61 on an earnings per share basis.

The company employs 4,000 workers across the globe.

Navient's mailing address is 123 JUSTISON STREET, WILMINGTON DE, 19801. The official website for the company is www.navient.com. The credit services provider can be reached via phone at (302) 283-8000 or via email at stockholders@navient.com.