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Navient Corp provides technology-enabled education finance and business processing solutions that simplify complex programs and help millions of people achieve success. It operates business in three segments: Federal Education Loans, Consumer Lending and Business Processing.

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The GOP says the plan defies the Supreme Court. But Biden and the Department of Education point to existing laws from 1993.

Biden Wipes More Than $7M In Student Debt For 277K Borrowers: &#39;Too Many People Feel The Strain And Stress&#39;

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The Biden administration is revising a measure that attempted to wipe out $400 billion of student debt.

30 Million Could Benefit From Biden&#39;s New Student Debt Relief Plan — But 5 Public Companies Might Suffer

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Corporate bonds offer yield opportunities and diversification away from equity investments. Investment-grade bonds are safer but lower yield, while high-yield bonds offer higher returns but from riskier firms.

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Navient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAVI#NASDAQ">NAVI</a>) reported quarterly adjusted earnings of $0.47 per share which missed the analyst consensus estimate of $0.58 by 18.97 percent. This is a 55.66 percent decrease over earnings of $1.06 per share from the same period last year. The company reported quarterly sales of $152.00 million which missed the analyst consensus estimate of $179.00 million by 15.08 percent. This is a 39.92 percent decrease over sales of $253.00 million the same period last year.

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Navient Q1 Adj $0.47 Misses $0.58 Estimate, Sales $152.00M Miss $179.00M Estimate

President Joe Biden is canceling yet another round of student loan debt amounting to <a href="https://www.benzinga.com/topic/student-loans">more than $7.4 billion</a>. 
What Happened: Roughly another 277,000 borrowers, especially public sector workers, are expected to benefit from the revised plan. 
Among the changes that are a part of the SAVE (Saving on a Valuable Education) plan, include:
<ul>
<li>An income-driven repayment (IDR) plan, which bases monthly payment on income and family size.</li>
<li>Payments will now be based on a smaller portion of adjusted gross income.</li>
<li>If you make your full monthly payment, but it is not enough to cover the accrued monthly interest, the government covers the rest of the interest that accrued that month. </li>
<li>This means that the SAVE Plan prevents your balance from growing due to unpaid interest.</li>
<li>As of February, borrowers with $12,000 or less are forgiven after as few as 10 years.</li>
</ul>
More elements of SAVE will go into effect this summer.
The announcement was a follow-up from Monday, April 8, when Biden touted renewed efforts to <a href="https://www.benzinga.com/general/education/24/04/38112671/as-biden-readies-another-large-scale-student-loan-forgiveness-plan-here-are-stocks-to-watch">offer relief to debt-saddled individuals and families</a>.
&#8220;Too many people feel the strain and stress, wondering if they can get married, have their first child, start a family, because even if they get by, they still have this crushing, crushing debt,&#8221; he said.
See Also: <a href="https://www.benzinga.com/news/24/04/38158266/joe-biden-and-japans-pm-to-discuss-high-speed-rail-proposal-for-texas-at-summit-report">Joe Biden And Japan&#8217;s PM Discuss High-Speed Rail Proposal For Texas At Summit</a>
Why It Matters: More than 4 million people will benefit from the debt relief.
In total, the Biden administration has OKed some $153 billion in student loan debt — over 9% of all outstanding federal student loan debt.
The plan is not without its Republican critics. GOP officials like Georgia Attorney General Chris Carr say Biden is defying the conservative-leaning Supreme Court. 
Last year, Supreme Justices ruled against Biden&#8217;s <a href="https://www.benzinga.com/news/23/10/35482019/biden-has-canceled-billions-in-student-loans-even-after-the-supreme-court-ruled-against-him">original loan forgiveness plan</a>.
Two groups of Republican-led states have even <a href="https://apnews.com/article/student-debt-cancellation-college-forgiveness-f94b9706bd395b32e44d4d1b3f6ff051">filed</a> lawsuits against the Biden administration over the initiative.
&#8220;Despite the Court having already settled this issue, the Biden administration continues to brazenly violate the law,&#8221; Carr <a href="https://law.georgia.gov/press-releases/2024-04-09/carr-files-suit-against-president-bidens-latest-lawless-student-loan-plan">said</a>. &#8220;Georgia taxpayers have made it clear that they know it's wrong to be forced to pay off other people's student loans, particularly those with the highest earning potential. This is election-year politics and an egregious example of federal overreach, and we're fighting back yet again.&#8221;
The Education Department clapped back, pointing out how Congress gave the agency power to define terms of repayment plans <a href="https://www.congress.gov/bill/103rd-congress/house-bill/2055/text">in 1993</a>.
&#8220;The Biden-Harris Administration won't stop fighting to provide support and relief to borrowers across the country — no matter how many times Republican elected officials try to stop us,&#8221; the department said.
See Also: <a href="https://www.benzinga.com/general/politics/24/04/38213007/trumps-changing-stance-on-abortion-arizona-ruling-bring-2024-election-topic-front-and-center-how">How Biden&#8217;s Campaign Is Targeting Trump&#8217;s Changing Stance On Abortion</a>
What&#8217;s Next: Expect Biden to contrast his student loan forgiveness program with the education policies of his <a href="https://www.benzinga.com/topic/2024-presidential-election">2024 presidential opponent</a>, former President Donald Trump. 
During a speech in Wisconsin this week, Biden made a subtle jab at the <a href="https://www.benzinga.com/news/23/08/33851310/donald-trump-election-fraud-probe-georgia-grand-jury-reportedly-issues-10-indictments">quadruple-indicted GOP candidate</a>.
&#8220;We plan to cancel debt for borrowers who were cheated by universities that left students with unaffordable and little benefits for students,&#8221; Biden said. &#8220;You know one of those colleges was closed&#8230; I won&#8217;t mention it.&#8221;
The crowd laughed, seemingly in on Biden&#8217;s joke. Trump shut down Trump University in 2011 after multiple investigations, lawsuits and student complaints.
See below.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Biden cancels another round of student debt for over 200,000 more borrowers" width="500" height="281" src="https://www.youtube.com/embed/22GK7wgXlbk?start=174&#038;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
In 2018, a New York judge <a href="https://ag.ny.gov/press-release/2018/ag-schneiderman-statement-final-trump-university-settlement">finalized</a> a $25 million settlement between Trump and the Trump University victims. 
Tickers To Watch: Several student loan-related tickers were in the red on Friday.
<ul>
<li>SoFi Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>) saw its stock price dip more than 1.96% to $7.49&nbsp;a share as of press time. </li>
<li>SLM Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLM#NASDAQ">SLM</a>) was also in the red, trading at $20.70 a share — down by 1.4%.</li>
<li>Discover Financial Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>), currently <a href="https://www.benzinga.com/m-a/23/09/34618431/is-discover-financial-in-crisis-it-mulls-student-loan-business-sale-after-ceo-resignation">selling its student-loan unit</a>, is down by 1.05% and trading at $121.65 a share.</li>
<li>Navient Corp.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAVI#NASDAQ">NAVI</a>) stock price was down 0.81%, trading at $16.52 a share. </li>
</ul>
At least one student loan servicing company was in the green: Nelnet Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NNI#NYSE">NNI</a>). At last check, the Lincoln, Nebraska-based firm was up more than 0.27%, trading at $94.58.
Now Read: <a href="https://www.benzinga.com/news/24/04/38219940/biden-beats-trumps-record-blacklists-more-chinese-entities-than-ex-president">Biden Beats Trump&#8217;s Record &#8211; Blacklists More Chinese Entities Than Ex-President</a>
Image: Shutterstock

Biden Wipes More Than $7M In Student Debt For 277K Borrowers: 'Too Many People Feel The Strain And Stress'

The White House announced this week a new attempt <a href="https://www.benzinga.com/general/education/24/04/38112671/as-biden-readies-another-large-scale-student-loan-forgiveness-plan-here-are-stocks-to-watch">to forgive student debt to almost 30 million Americans</a>.
For 30 years, college tuition prices have increased faster than median incomes. As a result, college graduates are saddled with heavy student debt, impacting their ability to buy homes, start a family, travel, invest or build savings.
This has become an increasingly complex problem for lower- and middle-income Americans.
The Biden administration is now revising a post-pandemic measure that attempted to wipe out $400 billion of student debt, <a href="https://www.benzinga.com/news/23/06/33080745/supreme-court-strikes-down-bidens-student-debt-relief-stocks-to-watch">but was blocked last year by the Supreme Court</a>.
<a href="https://www.benzinga.com/news/24/04/38134467/trump-vs-biden-in-surprising-trend-one-candidate-is-gaining-favor-among-younger-voters-over-other">In the context of the 2024 election</a>, the new proposal can be read as a final effort to win the hearts of a significant portion of the population who currently struggles with student debt.
Student debt is not only kept by fresh graduates. The average debt for those aged 35 to 49 is over $42,000 and over $44,000 for those 50 to 61, who add up to about 21 million people between both groups.
With this new, more moderate plan, the administration is hoping to avoid an unconstitutionality ruling by targeting more specific groups of borrowers instead of the entire cohort.
<a href="https://www.nytimes.com/2024/04/08/us/politics/biden-student-debt-plan-explained.html">According</a> to the New York Times, the new plan will be published in the Federal Register and go through a public comment period. 
It's not yet clear if the benefits will take effect before the November election, but some provision could begin to take effect by early fall, according to the administration.
<h3 class="wp-block-heading">Impact On Stocks</h3>
Most student debt in the U.S. is Federal. But private student loans account for 7.5% of all U.S. student loans as of September last year.
That's a significant amount considering that the total federal student loan currently amounts to $1.7 trillion, according to the Department of Education.
Outstanding student debt owed to private companies is above $130 billion, according to Entreval Analytics.
Better accessibility to federal loans, as well as easier repayment structures, could steal market share from private lenders, and potentially affect their stock prices.
As of Tuesday&#8217;s close:
<ul>
<li>Shares of SLM Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLM#NASDAQ">SLM</a>), also known as Sallie Mae, one of the largest providers of private student loans, was down 1.02%.</li>
</ul>
<ul>
<li>SoFi Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>), which provides student loan refinancing services as well as many other types of borrowing, saw its shares rise by 1.68% on Tuesday, presumably unaffected by the Biden announcement.</li>
</ul>
<ul>
<li>Navient Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAVI#NASDAQ">NAVI</a>), which manages around $300 billion in student loans for more than 12 million debtors, was down 0.47% on Tuesday.</li>
</ul>
<ul>
<li>Discover Financial Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>), parent company of Discover Bank, which also provides student debt refinancing services, was down 0.29%. </li>
</ul>
<ul>
<li>Citizens Financial Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CFG#NYSE">CFG</a>) providing similar services, was up 0.14%.</li>
</ul>
Sallie Mae and Sofi didn't respond to a request for comment on how the new plan might affect their business operations.
<h3 class="wp-block-heading">The Details Behind Biden's New Debt Relief Plan</h3>
With college prices growing 56% in public universities in the last two decades, President Joe Biden is proposing a two-part plan. Those already in debt may receive student debt relief, and benefit from new measures that aim to ease the cost of borrowing for future students.
About 4 million borrowers could see their entire debts completely wiped out, adding to the 4 million that have already received some form of relief, according to the administration, from more than two dozen executive actions. 
These include people who have applied to existing debt forgiveness programs as well as those who qualify <a href="https://www.benzinga.com/government/23/07/33466892/biden-administrations-save-plan-beta-website-for-student-loan-repayment-to-be-launched-next-month">for SAVE, which was launched in August last year</a>. It could also apply to those who began repaying their debts more than 20 years ago.
Borrowers who are having trouble repaying their debts because of medical debt or childcare costs could also receive relief.
Student debt could also be canceled for those who enrolled in "low-financial-value programs" like students whose institutions closed half-way through their tuition or those in institutions that were shut down for not providing sufficient value to students.
Invoking a George W. Bush law from 2003 called the Higher Education Relief Opportunities for Students (Heroes) Act, the Biden Administration tried to forgive $400 billion in student debt relief for over 40 million borrowers during the COVID-19 pandemic.
In June 2023, the conservative Supreme Court <a href="https://www.benzinga.com/news/23/06/33080745/supreme-court-strikes-down-bidens-student-debt-relief-stocks-to-watch">struck down those efforts</a>.
Shutterstock image.

30 Million Could Benefit From Biden's New Student Debt Relief Plan — But 5 Public Companies Might Suffer

With interest rates remaining at their highest levels in over two decades, and with U.S. Treasury bonds comfortably exceeding a 4% yield, an increasing number of investors are turning their attention to the <a href="https://www.benzinga.com/money/how-to-buy-corporate-bonds">realm of corporate bonds. </a>
In this landscape, they seek not only promising yield opportunities but also the strategic advantage of diversifying away from equity investments.
The Financial Times recently reported that inflows into corporate bond funds have surged to $22.8 billion in 2024, marking the first positive start to a year since 2019. 
<h3 class="wp-block-heading">Corporate Bonds: Investment Grade Vs. High Yield</h3>
Corporate bonds come in two main types: investment-grade and high-yield. Investment-grade bonds are issued by financially stable companies, while high-yield (or speculative grade) bonds come from riskier firms but offer higher returns.
Rating agencies like S&amp;P, Fitch and Moody&#8217;s determine which category a bond falls into based on the issuer&#8217;s ability to repay debts. Ratings range from AAA (very safe) to D (in default).
For example, companies like Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Amazon Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Eli Lilly Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) and Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) are rated as investment grade. 
Conversely, firms like AMC Entertainment Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>), Office Property Income Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OPI#NYSE">OPI</a>) and Navient Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAVI#NASDAQ">NAVI</a>) belong to the speculative-grade world. 
Read also: <a href="https://www.benzinga.com/news/large-cap/24/04/38098774/top-10-us-high-yield-corporate-bonds-with-returns-over-20-in-april-2024">Top 10 US High-Yield Corporate Bonds With Returns Over 20% In April 2024</a>
<h3 class="wp-block-heading">Comparison of Investment Grade And High Yield Bond Ratings</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Rating</th>
<th>Status</th>
</tr>
</thead>
<tbody>
<tr>
<td>AAA</td>
<td>Investment Grade</td>
</tr>
<tr>
<td>AA+</td>
<td>Investment Grade</td>
</tr>
<tr>
<td>AA</td>
<td>Investment Grade</td>
</tr>
<tr>
<td>AA-</td>
<td>Investment Grade</td>
</tr>
<tr>
<td>A+</td>
<td>Investment Grade</td>
</tr>
<tr>
<td>A</td>
<td>Investment Grade</td>
</tr>
<tr>
<td>A-</td>
<td>Investment Grade</td>
</tr>
<tr>
<td>BBB+</td>
<td>Investment Grade</td>
</tr>
<tr>
<td>BBB</td>
<td>Investment Grade</td>
</tr>
<tr>
<td>BBB-</td>
<td>Investment Grade</td>
</tr>
<tr>
<td>BB+</td>
<td>High Yield</td>
</tr>
<tr>
<td>BB</td>
<td>High Yield</td>
</tr>
<tr>
<td>BB-</td>
<td>High Yield</td>
</tr>
<tr>
<td>B+</td>
<td>High Yield</td>
</tr>
<tr>
<td>B</td>
<td>High Yield</td>
</tr>
<tr>
<td>B-</td>
<td>High Yield</td>
</tr>
<tr>
<td>CCC+</td>
<td>High Yield</td>
</tr>
<tr>
<td>CCC</td>
<td>High Yield</td>
</tr>
<tr>
<td>CCC-</td>
<td>High Yield</td>
</tr>
<tr>
<td>CC</td>
<td>High Yield</td>
</tr>
<tr>
<td>C</td>
<td>High Yield</td>
</tr>
<tr>
<td>D</td>
<td>In Default</td>
</tr>
</tbody>
</table>
</figure>
The cutoff between investment-grade and high-yield is at the BB+ rating. Anything below BB+ is considered high yield, while BBB- or higher is investment-grade.
In general, the riskier the bond, the higher the potential return. Investment-grade bonds tend to offer lower yields because they are safer bets, with stronger financial health and better chances of repayment.
However, even within the realm of investment-grade bonds, there are opportunities to find attractive yields from companies with solid fundamentals. 
This allows investors to earn better returns without taking on excessive risk, compared to investing solely in ultra-safe U.S. Treasuries.
<h3 class="wp-block-heading">Highest Yielding Investment-Grade Corporate Bonds As Of April 2024</h3>
Benzinga used the Public.com bond screener to discover which investment-grade corporate bonds offer the best yield as of April 2024.
Below are the top 10 investment-grade corporate bonds with the highest yields:
<ol>
<li>PSEC 3.0% 05/15/2026
<ul>
<li>Issuer: Prospect Capital Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSEC#NASDAQ">PSEC</a>)</li>
<li>Yield: 8.16%</li>
<li>Coupon: 3%</li>
<li>Coupon Frequency: Semi-annually</li>
<li>Price: $88.62</li>
<li>Maturity: 05/15/2026</li>
</ul>
</li>
<li>PDM 2.75% 04/01/2032
<ul>
<li>Issuer: Piedmont Office Realty Trust Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PDM#NYSE">PDM</a>) </li>
<li>Yield: 7.75%</li>
<li>Coupon: 2.75%</li>
<li>Coupon Frequency: Semi-annually</li>
<li>Price: $70.66</li>
<li>Maturity: 04/01/2032</li>
</ul>
</li>
<li>SNX 1.25% 08/09/2024
<ul>
<li>Issuer: Td Synnex Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNX#NYSE">SNX</a>)</li>
<li>Yield: 7.59%</li>
<li>Coupon: 1.25%</li>
<li>Coupon Frequency: Semi-annually</li>
<li>Price: $97.94</li>
<li>Maturity: 08/09/2024</li>
</ul>
</li>
<li>CHTR 5.875% 11/15/2040
<ul>
<li>Issuer: Spectrum Management Holding Company Llc, owned by Charter Communications Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHTR#NASDAQ">CHTR</a>)</li>
<li>Yield: 7.41%</li>
<li>Coupon: 5.875%</li>
<li>Coupon Frequency: Semi-annually</li>
<li>Price: $85.47</li>
<li>Maturity: 11/15/2040</li>
</ul>
</li>
<li>VNO 3.4% 06/01/2031
<ul>
<li>Issuer: Vornado Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNO#NYSE">VNO</a>)</li>
<li>Yield: 7.32%</li>
<li>Coupon: 3.4%</li>
<li>Price: $78.49</li>
<li>Maturity: 06/01/2031</li>
</ul>
</li>
<li>F 7.7% 05/15/2097
<ul>
<li>Issuer: Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>)</li>
<li>Yield: 7.27%</li>
<li>Coupon: 7.7%</li>
<li>Coupon Frequency: Semi-annually</li>
<li>Price: $105.88</li>
<li>Maturity: 05/15/2097</li>
</ul>
</li>
<li>BAYG 5.875% 04/15/2038
<ul>
<li>Issuer: Monsanto Co., owned by Bayer A.G. (OTCPK: BAYRY)</li>
<li>Yield: 7.17%</li>
<li>Coupon: 5.875%</li>
<li>Coupon Frequency: Semi-annually</li>
<li>Price: $88.66</li>
<li>Maturity: 04/15/2038</li>
</ul>
</li>
<li>VICI 4.5% 09/01/2026
<ul>
<li>Issuer: Vici Properties Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VICI#NYSE">VICI</a>)</li>
<li>Yield: 7.17%</li>
<li>Coupon: 4.5%</li>
<li>Coupon Frequency: Semi-annually</li>
<li>Price: $94.27</li>
<li>Maturity: 09/01/2026</li>
</ul>
</li>
<li>ALLY 6.9% 02/15/2034
<ul>
<li>Issuer: Ally Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLY#NYSE">ALLY</a>)</li>
<li>Yield: 7.08%</li>
<li>Coupon: 6.9%</li>
<li>Coupon Frequency: Semi-annually</li>
<li>Price: $98.75</li>
<li>Maturity: 02/15/2034</li>
</ul>
</li>
<li>CNXC 6.85% 08/02/2033
<ul>
<li>Issuer: Concentrix Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNXC#NASDAQ">CNXC</a>)</li>
<li>Yield: 7.04%</li>
<li>Coupon: 6.85%</li>
<li>Coupon Frequency: Semi-annually</li>
<li>Price: $98.73</li>
<li>Maturity: 08/02/2033</li>
</ul>
</li>
</ol>
Read now: <a href="https://www.benzinga.com/fintech/24/04/38110804/top-10-us-corporate-bonds-by-market-performance-in-2024-april-update">Top 10 US Corporate Bonds By Market Performance In 2024: April Update</a>
Image generated using artificial intelligence with Midjourney.

President Joe Biden isn&#8217;t reneging on promises to <a href="https://www.benzinga.com/topic/student-loans">cancel student loan debt</a>. 
What Happened: <a href="https://www.wsj.com/politics/policy/biden-to-make-second-attempt-at-large-scale-student-loan-forgiveness-ef1da5fe?mod=hp_lead_pos3">According</a> to the Wall Street Journal, the Biden administration is expected to announce a renewed proposal to reduce or eliminate student loan debt for millions of borrowers.
The Journal, citing unnamed sources, expects Biden&#8217;s announcement to occur next week.
The move seemingly defies a decision by <a href="https://www.benzinga.com/news/23/10/35482019/biden-has-canceled-billions-in-student-loans-even-after-the-supreme-court-ruled-against-him">the Supreme Court, which overturned</a> the administration's first debt cancellation plan in 2023. That first attempt would have wiped up to $20,000 in student debt for borrowers making less than $125,000.
However, the Biden administration clapped back in February. It unveiled a forgiveness plan of about $1.2 billion in student loans, relieving <a href="https://www.benzinga.com/government/24/02/37231741/biden-forgives-1-2b-in-student-debt-for-150k-borrowers-hit-by-specific-issues">more than 150,000 borrowers</a>.
&#8220;Thanks to the Biden-Harris Administration&#8217;s SAVE plan, starting today, the Administration will be cancelling debt for borrowers who are enrolled in the SAVE plan, have been in repayment for at least 10 years and took out $12,000 or less in loans for college,&#8221; the White House <a href="https://www.whitehouse.gov/briefing-room/statements-releases/2024/02/21/fact-sheet-president-biden-cancels-student-debt-for-more-than-150000-student-loan-borrowers-ahead-of-schedule/">announced</a> at the time.
The Biden administration&#8217;s program aims to ease the burden on Americans who have been repaying for at least a decade. 
See Also: <a href="https://www.benzinga.com/news/23/10/35482019/biden-has-canceled-billions-in-student-loans-even-after-the-supreme-court-ruled-against-him">Biden Has Canceled Billions In Student Loans — Even After The Supreme Court Ruled Against Him</a>
The total amount of relief approved by the Biden administration stands at nearly $138 billion. It benefits more than 4 million borrowers. 
This number may increase as more individuals become eligible for forgiveness under the SAVE program, which currently has 6.9 million participants.
Despite these efforts, they fall short of Biden's initial proposal for broader student loan cancellation, which the U.S. Supreme Court rejected last year.
Why It Matters: In 2023, the administration agreed to forgive <a href="https://www.benzinga.com/government/23/07/33231960/biden-administration-to-forgive-39b-in-student-debt-providing-relief-for-over-800k-borrowers">$39 billion in student debt</a> by updating a technical requirement under an existing program. 
Despite the Supreme Court's ruling against it, the administration flagged $127 billion of federal student loans for potential cancellation. 
According to EducationData.org, the average debt for a four-year bachelor's degree is $34,700. 
Tickers To Watch: Student loan collection companies, like SoFi Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>), saw modest movement on Friday, April 5, on the heels of the news.
SoFi, which counts student loans as a significant chunk of the company&#8217;s total lending products, saw its stock price go up more than 0.85% to $7.37&nbsp;a share as of press time. 
SLM Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLM#NASDAQ">SLM</a>) was also in the green, trading at $21.12 a share — up by 0.31%.
Discover Financial Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>), rumored to be <a href="https://www.benzinga.com/m-a/23/09/34618431/is-discover-financial-in-crisis-it-mulls-student-loan-business-sale-after-ceo-resignation">selling its student-loan unit</a>, is up slightly by 0.1% and trading at $125.11 a share.
Meanwhile, Nelnet Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NNI#NYSE">NNI</a>) and Navient Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAVI#NASDAQ">NAVI</a>) were both in the red. Nelnet was down more than 0.65%, trading at $93.05; Navient&#8217;s stock price was down 0.06%, trading at $16.86 a share. 
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/02/37227959/if-you-invested-1-000-in-donald-trump-nfts-heres-how-much-youd-have-today?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">If You Invested $1,000 In Donald Trump NFTs, Here's How Much You'd Have Today</a>
Image: Shutterstock

As Biden Readies Another Large-Scale Student Loan Forgiveness Plan, Here Are Stocks To Watch

6 analysts have shared their evaluations of Navient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAVI#NASDAQ">NAVI</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Navient, presenting an average target of $16.83, a high estimate of $19.00, and a low estimate of $14.00. This current average represents a 4.38% decrease from the previous average price target of $17.60. 
<img src="https://www.benzinga.com/files/images/story/2024/1712145648_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Navient. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Richard Shane</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$17.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>Arren Cyganovich</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$18.00</td>
<td>$17.00</td>
</tr>
<tr>
<td>Richard Shane</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$18.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>Mark Devries</td>
<td>Deutsche Bank</td>
<td>Announces</td>
<td>Hold</td>
<td>$19.00</td>
<td>-</td>
</tr>
<tr>
<td>Mark Devries</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$14.00</td>
<td>$17.00</td>
</tr>
<tr>
<td>Moshe Orenbuch</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Underperform</td>
<td>$15.00</td>
<td>$17.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Navient. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Navient compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Navient's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Navient's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/NAVI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Navient analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Get to Know Navient Better</h2>
Navient Corp provides technology-enabled education finance and business processing solutions that simplify complex programs and help millions of people achieve success. It operates business in three segments: Federal Education Loans, Consumer Lending and Business Processing.
<h3>Key Indicators: Navient's Financial Health</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Decline in Revenue: Over the 3 months period, Navient faced challenges, resulting in a decline of approximately -30.72% in revenue growth as of 31 December, 2023. This signifies a reduction in the company's top-line earnings. When compared to others in the Financials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of -12.17%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Navient's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -0.99%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Navient's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -0.04%, the company may face hurdles in achieving optimal financial performance.
Debt Management: Navient's debt-to-equity ratio stands notably higher than the industry average, reaching 20.76. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Cracking The Code: Understanding Analyst Reviews For Navient

JP Morgan analyst Richard Shane upgrades Navient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAVI#NASDAQ">NAVI</a>) from Underweight to Neutral and lowers the price target from $18 to $17.

Upgrades

Price Target

JP Morgan Upgrades Navient to Neutral, Lowers Price Target to $17

Citigroup analyst Arren Cyganovich maintains Navient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAVI#NASDAQ">NAVI</a>) with a Neutral and raises the price target from $17 to $18.

Citigroup Maintains Neutral on Navient, Raises Price Target to $18

Across the recent three months, 6 analysts have shared their insights on Navient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAVI#NASDAQ">NAVI</a>), expressing a variety of opinions spanning from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $16.33, a high estimate of $19.00, and a low estimate of $14.00. A 12.91% drop is evident in the current average compared to the previous average price target of $18.75. 
<img src="https://www.benzinga.com/files/images/story/2024/1706803290_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
The analysis of recent analyst actions sheds light on the perception of Navient by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Richard Shane</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$18.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>Mark Devries</td>
<td>Deutsche Bank</td>
<td>Announces</td>
<td>Hold</td>
<td>$19.00</td>
<td>-</td>
</tr>
<tr>
<td>Mark Devries</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$14.00</td>
<td>$17.00</td>
</tr>
<tr>
<td>Moshe Orenbuch</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Underperform</td>
<td>$15.00</td>
<td>$17.00</td>
</tr>
<tr>
<td>Vincent Caintic</td>
<td>Stephens &amp; Co.</td>
<td>Announces</td>
<td>Underweight</td>
<td>$16.00</td>
<td>-</td>
</tr>
<tr>
<td>John Hecht</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Hold</td>
<td>$16.00</td>
<td>$22.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Navient. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Navient compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
For valuable insights into Navient's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/NAVI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Navient analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Discovering Navient: A Closer Look</h2>
Navient Corp is a financial services company that provides education loan management and business processing services to education, healthcare, and government clients at the federal, state, and local levels. The company operates in Delaware, western New York, northern Pennsylvania, Indiana, Tennessee, Texas, and Virginia, among other locations. The company has three primary reportable business segments: Federal Education Loans, Consumer Lending and Business Processing. The company's fourth and other segment relates to financial results of the company's holding company, including activities related to repurchases of debt, corporate liquidity portfolio, and unallocated overhead and regulatory-related costs.
<h3>A Deep Dive into Navient's Financials</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Growth: Over the 3 months period, Navient showcased positive performance, achieving a revenue growth rate of 8.21% as of 30 September, 2023. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Financials sector.
Net Margin: Navient's net margin excels beyond industry benchmarks, reaching 18.72%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Navient's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 2.71%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Navient's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.12%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 20.55, caution is advised due to increased financial risk.
<h2>The Significance of Analyst Ratings Explained</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Analyst Verdict: Navient In The Eyes Of 6 Experts

JP Morgan analyst Richard Shane maintains Navient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAVI#NASDAQ">NAVI</a>) with a Underweight and lowers the price target from $19 to $18.

JP Morgan Maintains Underweight on Navient, Lowers Price Target to $18

Navient Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAVI#NASDAQ">NAVI</a>)&nbsp;<a target="_blank" href="https://images.navient.com/Investors/shareholder/NAVI_4Q-23_Earnings_Release_1-31-24.pdf" rel="noreferrer noopener">reported</a>&nbsp;fourth-quarter FY23 adjusted revenues of $193 million,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/01/g36863049/navient-posts-fourth-quarter-2023-financial-results" rel="noreferrer noopener">missing the consensus of $201.17 million.&nbsp;</a>
The company reported adjusted earnings of $0.21,&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">missing the street view of $0.75.</a>
Net interest income decreased $27 million to $88 million, primarily due to the impact of increasing interest rates on the different index resets for the segment&#8217;s assets and debt, as well as the paydown of the loan portfolio.
The $5 million of provision for loan losses in the current period was primarily a result of the continued extension of the portfolio.
&#8220;We are announcing three actions intended to deliver better value to our shareholders: Outsourcing student loan servicing and creating a variable expense model; initiating the exploration of strategic options, including possible divestment, for our business processing division; and streamlining our shared service infrastructure and corporate footprint,&#8221; said David Yowan, president and CEO, Navient.
The company registered quarterly operating expenses of $169 million, excluding&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">$30 million of regulatory-related expenses.</a>
Price Action: NAVI shares are trading lower by 1.06% to $17.76 on the last check Wednesday.
Image: Shutterstock/ MD Duran

Equities

Movers

Why Student Loan Servicer Navient Shares Are Falling Today

Navient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAVI#NASDAQ">NAVI</a>) reported quarterly earnings of $0.21 per share which missed the analyst consensus estimate of $0.75 by 72 percent.

Navient Q4 2023 Core EPS $0.21 Misses $0.75 Estimate

Navient  To Outsource Student Loan Servicing And Create Variable Expense Model, Initiates Exploration Of Strategic Options For Business Processing Division, Including Potential Divestment

Navient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAVI#NASDAQ">NAVI</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-01-31. Here's what investors need to know before the announcement.
Analysts estimate that Navient will report an earnings per share (EPS) of $0.75. 
Navient bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company missed EPS by $0.27, which was followed by a 0.65% drop in the share price the next day.
Here's a look at Navient's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.74</td>
<td>0.74</td>
<td>0.82</td>
<td>0.83</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.47</td>
<td>0.70</td>
<td>1.06</td>
<td>0.85</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-0.65%</td>
<td>0.59%</td>
<td>0.79%</td>
<td>6.27%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1706637686_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Navient were trading at $18.17 as of January 29. Over the last 52-week period, shares are down 4.63%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/NAVI/earnings">To track all earnings releases for Navient visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview For Navient

Deutsche Bank analyst Mark Devries initiates coverage on Navient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAVI#NASDAQ">NAVI</a>) with a Hold rating and announces Price Target of $19.

Initiation

Deutsche Bank Initiates Coverage On Navient with Hold Rating, Announces Price Target of $19

Barclays analyst Mark Devries downgrades Navient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAVI#NASDAQ">NAVI</a>) from Equal-Weight to Underweight and lowers the price target from $17 to $14.

Downgrades

Barclays Downgrades Navient to Underweight, Lowers Price Target to $14

TD Cowen analyst Moshe Orenbuch downgrades Navient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAVI#NASDAQ">NAVI</a>) from Market Perform to Underperform and lowers the price target from $17 to $15.

TD Cowen Downgrades Navient to Underperform, Lowers Price Target to $15

During the last three months, 7 analysts shared their evaluations of Navient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAVI#NASDAQ">NAVI</a>), revealing diverse outlooks from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $16.86, a high estimate of $18.00, and a low estimate of $16.00. A decline of 14.42% from the prior average price target is evident in the current average. 
<img src="https://www.benzinga.com/files/images/story/2024/1704204040_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
A clear picture of Navient's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Vincent Caintic</td>
<td>Stephens &amp; Co.</td>
<td>Announces</td>
<td>Underweight</td>
<td>$16.00</td>
<td>-</td>
</tr>
<tr>
<td>John Hecht</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Hold</td>
<td>$16.00</td>
<td>$22.00</td>
</tr>
<tr>
<td>Moshe Orenbuch</td>
<td>TD Cowen</td>
<td>Announces</td>
<td>Market Perform</td>
<td>$17.00</td>
<td>-</td>
</tr>
<tr>
<td>Arren Cyganovich</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$17.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>Vincent Caintic</td>
<td>Stephens &amp; Co.</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$16.00</td>
<td>$20.00</td>
</tr>
<tr>
<td>Richard Shane</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$18.00</td>
<td>$19.50</td>
</tr>
<tr>
<td>Arren Cyganovich</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$18.00</td>
<td>$19.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Navient. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Navient compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Navient's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Navient's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/NAVI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Navient analyst ratings.</a>
<h2>Delving into Navient's Background</h2>
Navient Corp is a financial services company that provides education loan management and business processing services to education, healthcare, and government clients at the federal, state, and local levels. The company operates in Delaware, western New York, northern Pennsylvania, Indiana, Tennessee, Texas, and Virginia, among other locations. The company has three primary reportable business segments: Federal Education Loans, Consumer Lending and Business Processing. The company's fourth and other segment relates to financial results of the company's holding company, including activities related to repurchases of debt, corporate liquidity portfolio, and unallocated overhead and regulatory-related costs.
<h3>A Deep Dive into Navient's Financials</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Navient's remarkable performance in 3 months is evident. As of 30 September, 2023, the company achieved an impressive revenue growth rate of 8.21%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Financials sector.
Net Margin: Navient's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 18.72%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Navient's ROE stands out, surpassing industry averages. With an impressive ROE of 2.71%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Navient's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.12%, the company may face hurdles in achieving optimal financial returns.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 20.55, caution is advised due to increased financial risk.
<h2>How Are Analyst Ratings Determined?</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Critical Insights From Navient Analyst Ratings: What You Need To Know

Stephens &amp; Co. analyst Vincent Caintic downgrades Navient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAVI#NASDAQ">NAVI</a>) from Equal-Weight to Underweight and announces $16 price target.

Stephens & Co. Downgrades Navient to Underweight, Announces $16 Price Target

Over the past 3 months, 7 analysts have published their opinion on Navient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAVI#NASDAQ">NAVI</a>) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the last 3 months, 7 analysts have offered 12-month price targets for Navient. The company has an average price target of $17.0 with a high of $18.00 and a low of $16.00. 
Below is a summary of how these 7 analysts rated Navient over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the more negative analysts are on the stock
<img src="https://www.benzinga.com/files/images/story/2023/1699534814_0.png" alt="price target chart" />
This current average has decreased by 12.46% from the previous average price target of $19.42. 
<a href="https://www.benzinga.com/quote/NAVI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Navient analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h1>What Are Analyst Ratings?</h1>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Navient (NASDAQ:<a href="https://investorplace.com/stock-quotes/navi-stock-quote/">NAVI</a>) just reported results for the first quarter of 2024.<ul><li>Navient reported earnings per share of 47 cents. This was below the analyst estimate for EPS of 58 cents.</li><li>The company reported revenue of $163.00 million.</li><li>This was 8.94% worse than the analyst estimate for revenue of $179.00 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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