Navient Corporation (NASDAQ:NAVI) registered a 0.73% increase, still its new closing price is 93.13% up from the company’s 1 year high of 17.78.It posted -1.18% losses in previous 5 sessions and is now the subject of 6 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 1 buy or better ratings. The 9 stock analysts following this company have an average price target at $18.00, with individual PT in the $16.00-$21.00 range. The shares moved at $15.11, implying that brokerage firms see shares gaining about 72.52% in twelve months time.
Navient Corporation (NAVI) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -8.03% fall year to date. A Director at Navient Corporation (NAVI) offloaded shares in a transaction closed on Thursday November 17, 2016. DIEFENDERFER WILLIAM M III sold 18,590 shares in the company at $17.65 each and collected $328,000 in proceeds. DIEFENDERFER WILLIAM M III now owns 100,728 shares in the company after this transaction. A Director in the company, SUITT GILLELAND DIANE, disclosed a transaction on Monday November 14, 2016 that ended up generating $174,001 from the sale of 10,000 shares at $17.47 per share.
Navient Corporation (NASDAQ:NAVI) Upcoming Results on Tap
Navient Corporation will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.42 in that period. Sales during the quarter are predicted to arrive at $349.86 million.
Earnings surprise history: Last quarter, the company posted approximately $378 million in revenue and EPS of $0.43. The mean forecast was for $365 million and $0.44 a share, respectively. One quarter earlier, revenue for the stock was at $405 million, with earnings at $0.50/share.
Navient Corporation (NAVI) Brokerage Update
Navient Corporation (NAVI) is in JP Morgan’s research list so their analyst rating change is noteworthy. These shares were downgraded to Neutral from Overweight by JP Morgan, according to news reported on Tuesday January 17, 2017.Another important research note was issued by Credit Suisse on Wednesday January 04, 2017.The firm downgraded NAVI to Neutral from Outperform. Over the last six months and over the last three months, the shares of Navient Corporation (NAVI), have changed 11.52% and 17.05%, respectively.