BMO Capital analyst James Fotheringham maintained a Hold rating on Navient (NAVI) today and set a price target of $18.00. The company’s shares closed last Monday at $13.05.
According to TipRanks.com, Fotheringham is a 5-star analyst with an average return of 12.2% and a 74.3% success rate. Fotheringham covers the Financial sector, focusing on stocks such as Apollo Global Management LLC, Discover Financial Services, and Goldman Sachs Group Inc.
Currently, the analyst consensus on Navient is a Moderate Buy with an average price target of $16.55.
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Based on Navient’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.36 billion and net profit of $145 million. In comparison, last year the company earned revenue of $1.43 billion and had a net profit of $114 million.
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NAVI in relation to earlier this year.
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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.
