Momentum Stock Watch: Navient Corporation (NAVI)

Company Profile:

Navient Corporation provides education loan management and business processing solutions for education, healthcare, and government clients at the federal, state, and local levels in the United States. The company helps its clients and millions of Americans achieve financial success through services and support. The company was founded in 1973 and is headquartered in Wilmington, Delaware.

Recent News:

Its board of directors approved a 2019 fourth quarter dividend of $0.16 per share on the company’s common stock. The fourth quarter 2019 dividend will be paid on Dec. 20, 2019, to shareholders of record at the close of business on Dec. 6, 2019.

On Oct. 23, 2019, its Board of Directors approved a new share repurchase program for up to $1 billion of the company’s outstanding common stock.

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

NAVI’s strengths can be seen in its better growth and better profitability compared with its peers. Technical indicators signal the bullish signs, as there is a bullish crossover in Stochastic oscillator, MACD is trying to cross back up and the RSI stands at 55.18 with positive bias. We rate Navient Corporation (NAVI) a STRONG BUY.