Navient (NASDAQ:NAVI) PT Lowered to $16.00

Navient (NASDAQ:NAVI) had its price target lowered by stock analysts at JPMorgan Chase & Co. from $17.00 to $16.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the credit services provider’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 1.78% from the company’s previous close.

Several other research firms have also weighed in on NAVI. Stephens lowered shares of Navient from an “equal weight” rating to an “underweight” rating and set a $16.00 price objective for the company. in a report on Tuesday, January 2nd. Keefe, Bruyette & Woods decreased their price target on shares of Navient from $19.00 to $17.00 and set a “market perform” rating on the stock in a research note on Thursday. TD Cowen cut shares of Navient from a “market perform” rating to an “underperform” rating and decreased their price target for the company from $17.00 to $15.00 in a research note on Monday, January 8th. Deutsche Bank Aktiengesellschaft started coverage on shares of Navient in a research note on Wednesday, January 10th. They set a “hold” rating and a $19.00 price target on the stock. Finally, StockNews.com cut shares of Navient from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Three investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $16.10.

Navient Stock Performance

NASDAQ NAVI opened at $15.72 on Thursday. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 10.08 and a beta of 1.38. The company has a 50 day moving average of $16.54 and a 200-day moving average of $17.09. The company has a current ratio of 12.52, a quick ratio of 13.63 and a debt-to-equity ratio of 18.38. Navient has a 1-year low of $14.10 and a 1-year high of $19.69.

Navient (NASDAQ:NAVI) last posted its quarterly earnings data on Wednesday, April 24th. The credit services provider reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.05. The company had revenue of $163.00 million during the quarter, compared to analyst estimates of $188.04 million. Navient had a net margin of 3.93% and a return on equity of 12.09%. On average, equities analysts forecast that Navient will post 1.74 earnings per share for the current fiscal year.

Insider Buying and Selling at Navient

In other Navient news, EVP Mark L. Heleen sold 10,000 shares of the firm’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 transaction, the executive vice president now directly 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 SEC, which is available through this hyperlink. Insiders own 27.99% of the company’s stock.

Institutional Investors Weigh In On Navient

Several hedge funds have recently bought and sold shares of NAVI. Donald Smith & CO. Inc. raised its holdings in Navient by 31.5% in the fourth quarter. Donald Smith & CO. Inc. now owns 3,586,501 shares of the credit services provider’s stock worth $66,781,000 after purchasing an additional 858,890 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in Navient in the fourth quarter worth $13,546,000. DekaBank Deutsche Girozentrale raised its holdings in Navient by 207.8% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 231,186 shares of the credit services provider’s stock worth $4,320,000 after purchasing an additional 156,086 shares during the period. Denali Advisors LLC raised its holdings in shares of Navient by 115.9% during 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. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Navient by 24.8% during the third quarter. Assenagon Asset Management S.A. now owns 541,674 shares of the credit services provider’s stock worth $9,328,000 after acquiring an additional 107,543 shares during the period. 97.14% of the stock is currently owned by institutional investors and hedge funds.

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.