Navient (NAVI) Gets a Hold Rating from Oppenheimer


Oppenheimer analyst Dominick Gabriele maintained a Hold rating on Navient (NAVI) today. The company’s shares opened today at $12.96.

Gabriele observed:

“NAVI reported “core” adjusted EPS of $0.58, which included $0.05 of gains related to debt repurchases. Thus, we think the comparable number is $0.53 vs. our/ consensus $0.49/$0.45E, a clear beat and strong start to the year. Management raised its core 2019FY EPS guidance to $2.08-$2.15 from $1.93-$2.03 or ~6.8% at the midpoint. We continue to see additional benefits from less NIM pressure and better credit performance in 2019 as the strategy/business model likely continues to gain momentum. There was little commentary around the upcoming proxy event where Canyon is looking to obtain up to four seats out of the ten-seat board. We continue to assess where additional upside/downside may reside vs. consensus estimates and, combined with valuation, remain on the sidelines.”

According to TipRanks.com, Gabriele is a 3-star analyst with an average return of 2.0% and a 68.8% success rate. Gabriele covers the Financial sector, focusing on stocks such as Discover Financial Services, Credit Acceptance Corp, and Santander Consumer USA.

Navient has an analyst consensus of Hold.

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The company has a one-year high of $15.03 and a one-year low of $8.23. Currently, Navient has an average volume of 1.78M.

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Navient Corp. engages in the provision of asset management and business processing solutions for education, healthcare, and government clients at the federal, state, and local levels. It operates through the following segments: Federal Family Education Loan Program (FFELP) Loans, Private Education Loans, Business Services, and Other.

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