Navient (NASDAQ:NAVI) PT Lowered to $17.00 at Keefe, Bruyette & Woods

Navient (NASDAQ:NAVI) had its target price cut by research analysts at Keefe, Bruyette & Woods from $19.00 to $17.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “market perform” rating on the credit services provider’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 8.83% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. StockNews.com cut Navient from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. Barclays reissued an “underweight” rating and set a $14.00 price target (down from $17.00) on shares of Navient in a report on Wednesday, January 10th. JPMorgan Chase & Co. raised Navient from an “underweight” rating to a “neutral” rating and decreased their price target for the company from $18.00 to $17.00 in a report on Wednesday, April 3rd. Stephens cut Navient from an “equal weight” rating to an “underweight” rating and set a $16.00 price target on the stock. in a report on Tuesday, January 2nd. Finally, TD Cowen lowered Navient from a “market perform” rating to an “underperform” rating and cut their price objective for the company from $17.00 to $15.00 in a research report on Monday, January 8th. Three research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $16.70.

Navient Stock Performance

Shares of NAVI stock traded down $0.47 on Thursday, reaching $15.62. The stock had a trading volume of 242,891 shares, compared to its average volume of 911,841. The stock has a market cap of $1.75 billion, a P/E ratio of 8.73 and a beta of 1.38. Navient has a 1 year low of $14.10 and a 1 year high of $19.69. The company has a debt-to-equity ratio of 19.35, a quick ratio of 13.63 and a current ratio of 13.64. The company has a 50 day simple moving average of $16.57 and a 200 day simple moving average of $17.11.

Navient (NASDAQ:NAVI) last announced its earnings results on Wednesday, April 24th. The credit services provider reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.05. Navient had a return on equity of 14.17% and a net margin of 4.72%. The company had revenue of $163.00 million for the quarter, compared to analysts’ expectations of $188.04 million. Equities research analysts expect that Navient will post 2.12 EPS for the current year.

Insider Activity

In related news, EVP Mark L. Heleen sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $17.20, for a total value of $172,000.00. Following the completion of the transaction, the executive vice president now owns 385,577 shares of the company’s stock, valued at $6,631,924.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 27.99% of the company’s stock.

Hedge Funds Weigh In On Navient

A number of large investors have recently bought and sold shares of the business. New Mexico Educational Retirement Board purchased a new stake in shares of Navient during the first quarter valued at $649,000. Denali Advisors LLC raised its position in shares of Navient by 115.9% in the first quarter. Denali Advisors LLC now owns 283,000 shares of the credit services provider’s stock worth $4,924,000 after acquiring an additional 151,900 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of Navient during the 1st quarter worth about $36,000. Nomura Holdings Inc. acquired a new position in shares of Navient during the 4th quarter worth about $783,000. Finally, Wellington Management Group LLP raised its position in shares of Navient by 15.5% during the 4th quarter. Wellington Management Group LLP now owns 343,761 shares of the credit services provider’s stock worth $6,401,000 after purchasing an additional 46,230 shares during the last quarter. Institutional investors own 97.14% of the company’s stock.

Navient Company Profile

Navient Corporation provides technology-enabled education finance and business processing solutions for education, health care, and government clients in the United States. It operates through three segments: Federal Education Loans, Consumer Lending, and Business Processing. The company owns Federal Family Education Loan Program (FFELP) loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing on its portfolios, as well as federal education loans held by other institutions.