Stock Report on Navient Corp (NASDAQ:NAVI)

[Globe Newswire] Navient Corp (NASDAQ:NAVI)(TREND ANALYSIS) the nation’s leading loan management, servicing and asset recovery company, announced the appointment of John Kane as group president for asset recovery and business services, and John (Jeff) F. Whorley Jr. as group president for asset management and servicing.

“Working in these newly created roles, John and Jeff bring experience, depth and breadth to lead us as we grow our existing services and develop new business opportunities that leverage our core capabilities,” said Jack Remondi, president and CEO. “These appointments bring us the focus and alignment to further enhance customer and client success and increase shareholder value.”

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Navient Corp (NASDAQ:NAVI) stock is currently trading 17.92% below its 52-week-high, 11.42% above its 52-week-low. The 1-year stock price history is in the range of $16.73 – $22.71. Navient Corp (NAVI) has a price to earnings ratio of 6.37 versus Financial sector average of 17.87. NAVI stock price has underperformed the Nasdaq by 18%. The Finance & Consumer Loans company is currently valued at $7.25 billion and its share price closed the last trading session at $18.64. The stock has a 50-day moving average of $19.41 and a 200-day moving average of $20.37.

Navient Corp (NAVI) current short interest stands at 8.72 million shares. It has increased by 19% from the same period of last month. Around 3% of the company’s shares, which are float, are short sold. With a 10-days average volume of 1.63 million shares, the number of days required to cover the short positions stand at 5.4 days.

The company is expected to announce next quarter earnings on July 15, at consensus estimate of $0.56.

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There are currently nine analysts that cover Navient Corp stock. Of those nine, five have a Buy rating, four have a Hold rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $22.69.

A recent analyst activity consisted of Avondale Partners downgrading their rating to Market Perform on February 18. On the date of report, the stock closed at $21.3.

From an income perspective, Navient Corp (NAVI) has a dividend yield of 3.4%. The dividend has remained flat over the last 5 years and the payout ratio stands at 21%.

Company profile

Navient Corporation’s focus is in education loan portfolio management, servicing and asset recovery. The Company acts as a servicer for Department of Education and FFELP loans as well as private student loans.

Stock Report on Navient Corp (NASDAQ:NAVI) was last modified: June 18th, 2015 by Kelly Rhodes