Jefferies (NYSE:JEF) analyst John Hecht maintained a Buy rating on Navient (NASDAQ:NAVI) on Monday, setting a price target of $24, which is approximately 20.79% above the present share price of $19.87.
Hecht expects Navient to post earnings per share (EPS) of $1.07 for the fourth quarter of 2021.
The current consensus among 6 TipRanks analysts is for a Moderate Buy rating of shares in Navient, with an average price target of $24.25.
The analysts price targets range from a high of $26 to a low of $22.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $510 million and a net profit of $0. The company's market cap is $3.33 billion.
According to TipRanks.com, Jefferies analyst John Hecht is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 18.1% and a 72.27% success rate.
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. The FFELP Loans segment acquires FFELP loan portfolios which are insured or guaranteed by state or not-for-profit agencies. The Private Education Loans segment acquires, finances, and services private education and private education refinance loans through Earnest. The Business Services segment includes business processing services related to servicing, asset recovery, and other business processing activities. The Other segment consists of repurchase of debt, corporate liquidity portfolio, unallocated overhead, restructuring and other reorganization expenses, regulatory-related costs, and the deferred tax asset re-measurement loss. The company was founded on November 7, 2013 and is headquartered in Wilmington, DE.