Navient Corporation (NASDAQ:NAVI) has been upgraded by Wedbush, which now rates the stock as Outperform versus Neutral prior rating , according to a note issued on June 01. Analysts at JP Morgan, shed their positive views on January 12 by lowering it fromNeutral to Underweight. Analysts at Barclays, made their first call about the stock on November 14, recommending it is Overweight.
Navient Corporation (NAVI) hit an intraday high Thursday at $10.85. The shares finished at $10.81, after trading as low as $10.379 earlier in the session. It dropped -0.09% in recent trade and currently has a stock-market value of $2.78B. Trading activity significantly improved as the volume at ready counter increased to 3,452,705 shares versus 2,337,820 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 2,790,342 shares. The stock is now 1.12% above against its bear-market low of $10.69 on December 06, 2018. It has retreated -38.95% since it’s 52-week high of $15.02 reached in June. Now the market price is down -17.67% on the year and down -18.84% YTD.
NAVI’s 50 day simple moving average (SMA 50) price is $12.28 and its 200-day simple moving average (SMA 200) price is $13.21. The company’s stock currently has a total float of 254.07M shares. Its weekly volatility is hovering around 4.79% and felt 3.7% volatility in price over a month. On the upside, the share price will test short term resistance at around $10.98. On a downside, the stock is likely to find some support, which begins at $10.51. The failure to get near-term support could push it to $10.21.
Separately, it has been reported that multiple insider activity took place at Navient Corporation (NAVI). SVP, Chief Risk&Compliance Off Hauber Stephen M sold 17,423 shares for $63,404 in transaction occurred on 2018/01/29. After making this transaction, the SVP, Chief Risk&Compliance Off owns a direct stake of 250,891 shares, worth $685,397, as per the last closing price. On 2017/10/20 Lown Christian M., EVP & CFO at NAVI, purchased 6,000 shares at an average price of $12.35 per share. The new stake is valued at $853,904.
EVP & Group President, Kane John M had divested 28,886 shares for $324,573 through a trade on 2017/09/26. Following this activity, the insider holds 433,290 shares worth $3,508,634 as of recent close. Wall Street’s most bullish Navient Corporation (NASDAQ:NAVI) analysts are predicting the share price to blow past $22 per share during the next 12 months. The current median share price forecast by them is $16, suggesting that the stock could increase 48.01% in that time frame. The average price target of $16.47 calls for a nearly 52.36% increase in the stock price.
Moreover, it trades for 5.39 times the next 12 months of expected earnings. Also, it is trading at rather inexpensive levels at just over 0.75x price/book and 1.61x price/sales. Compared to others, Navient Corporation is in a different league with regards to profitability, having net margins of 13.9%. To put some perspective around this, the industry’s average net margin is 12.88%. NAVI’s ROE is 6.6%, which is also considerably worse than the industry’s ROE of 11.12%.
Shares of Navient Corporation (NAVI) have dropped -12.7% since the company’s last earnings report. Over the past 12 fiscal quarters, Navient Corporation (NASDAQ:NAVI) has topped consensus earnings estimates in 8 quarters (66%), missed earnings in 4 quarters (33%), whereas at 0 occasion EPS met analyst expectations. NAVI last reported earnings on October 23, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $0.53 per share, -92.86% change on the same period last year. That was better than consensus for $0.49. Revenue for the recent quarter stood at $327 million, down -5% on last year and above the $311.25 million predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $299 million to $330 million, which should be compared with $324.2 million generated last year. EPS is seen in a range of $0.44 to $0.5, against the $0.39 reported a year ago.