The stock of Navient Corp (NASDAQ:NAVI) is a huge mover today! About 1.37 million shares traded hands. Navient Corp (NASDAQ:NAVI) has risen 30.99% since March 1, 2016 and is uptrending. It has outperformed by 21.74% the S&P500.
The move comes after 8 months positive chart setup for the $4.58B company. It was reported on Oct, 4 by Barchart.com. We have $23.80 PT which if reached, will make NASDAQ:NAVI worth $2.89B more.
Analysts await Navient Corp (NASDAQ:NAVI) to report earnings on October, 18. They expect $0.48 earnings per share, up 2.13% or $0.01 from last year’s $0.47 per share. NAVI’s profit will be $150.58 million for 7.60 P/E if the $0.48 EPS becomes a reality. After $0.47 actual earnings per share reported by Navient Corp for the previous quarter, Wall Street now forecasts 2.13% EPS growth.
Navient Corp (NASDAQ:NAVI) Ratings Coverage
Out of 7 analysts covering Navient Corporation (NASDAQ:NAVI), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. Navient Corporation has been the topic of 9 analyst reports since July 24, 2015 according to StockzIntelligence Inc. On Thursday, July 21 the stock rating was downgraded by Goldman Sachs to “Neutral”. On Monday, August 31 the stock rating was maintained by Wood with “Outperform”. Credit Suisse maintained the shares of NAVI in a report on Wednesday, February 24 with “Outperform” rating. The rating was upgraded by Goldman Sachs on Thursday, October 8 to “Buy”. JP Morgan initiated Navient Corp (NASDAQ:NAVI) on Monday, November 30 with “Overweight” rating.
According to Zacks Investment Research, “Navient Corporation offers a variety of loan management, servicing and asset recovery services to clients in higher education, and federal, state, and local governments. The Company operates in four segments: Consumer Lending, Business Services, FFELP Loans and Other. The Company acts as a servicer for Department of Education and FFELP loans as well as private student loans. Navient Corporation is based in United States.”
Insitutional Activity: The institutional sentiment increased to 0.93 in Q2 2016. Its up 0.19, from 0.74 in 2016Q1. The ratio improved, as 33 funds sold all Navient Corp shares owned while 127 reduced positions. 45 funds bought stakes while 104 increased positions. They now own 297.11 million shares or 7.13% more from 277.33 million shares in 2016Q1.
Moreover, Bridgeway Mgmt Incorporated has 0.22% invested in Navient Corp (NASDAQ:NAVI) for 1.16 million shares. Atlantic Trust Gp Ltd Company last reported 56,137 shares in the company. Springbok Capital Ltd Liability Corp accumulated 1,986 shares or 0% of the stock. Cibc Asset Mgmt Inc accumulated 0% or 37,876 shares. Krasney Financial reported 54,979 shares or 0.15% of all its holdings. Victory reported 4,219 shares or 0% of all its holdings. Tillar last reported 1.68% of its portfolio in the stock. Voya Investment Mngmt Ltd Co has 652,052 shares for 0.02% of their US portfolio. Thrivent Fin For Lutherans holds 10,160 shares or 0% of its portfolio. Moreover, State Street Corporation has 0.02% invested in Navient Corp (NASDAQ:NAVI) for 16.07M shares. Elm Ridge Mgmt Ltd Com accumulated 511,703 shares or 1.47% of the stock. Adage Capital Partners Ltd Liability Corporation accumulated 0.02% or 503,506 shares. Blackrock Japan Co Limited holds 0.02% or 447,049 shares in its portfolio. Cadence Cap Mgmt Limited Liability Corp reported 132,210 shares or 0.12% of all its holdings. Moreover, Thompson Siegel & Walmsley Limited Liability Co has 0.01% invested in Navient Corp (NASDAQ:NAVI) for 69,500 shares.
Another recent and important Navient Corp (NASDAQ:NAVI) news was published by Seekingalpha.com which published an article titled: “Short This Navient Rebound” on July 24, 2016.
NAVI Company Profile
Navient Corporation, incorporated on November 7, 2013, is a loan management, servicing and asset recovery company. The Firm holds the portfolio of education loans insured or guaranteed under the Federal Family Education Loan Program (FFELP), as well as the portfolio of Private Education Loans. FFELP Loans are insured or guaranteed by state or not-for-profit agencies based on guaranty agreements among the United States Department of Education (ED) and these agencies. Private Education Loans are education loans to students or their families that bear the full credit risk of the customer and any cosigner. The Company’s divisions include FFELP Loans, Private Education Loans, Business Services and Other. The Firm services its own portfolio of education loans, as well as those owned by banks, credit unions, other financial institutions, non-profit education lenders and ED. In addition, it provides business processing services on behalf of municipalities, public authorities and hospitals.
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