Keefe, Bruyette & Woods Lowers Navient (NASDAQ:NAVI) Price Target to $14.00

Navient (NASDAQ:NAVI) had its price target decreased by Keefe, Bruyette & Woods from $16.00 to $14.00 in a report released on Monday,Benzinga reports. The firm currently has a “market perform” rating on the credit services provider’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 10.94% from the company’s previous close.

NAVI has been the subject of several other research reports. JPMorgan Chase & Co. cut their price objective on Navient from $15.00 to $13.50 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. StockNews.com cut Navient from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Seaport Res Ptn raised shares of Navient from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 21st. Finally, Bank of America dropped their target price on shares of Navient from $17.00 to $16.00 and set a “neutral” rating for the company in a research note on Tuesday, December 24th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a strong buy rating to the stock. According to MarketBeat, Navient currently has an average rating of “Hold” and an average target price of $13.50.

Navient Stock Down 0.1 %

Shares of NAVI stock opened at $12.62 on Monday. The stock has a 50 day moving average of $13.70 and a 200-day moving average of $14.40. The firm has a market cap of $1.29 billion, a PE ratio of 10.88 and a beta of 1.36. The company has a quick ratio of 9.49, a current ratio of 9.48 and a debt-to-equity ratio of 16.35. Navient has a 12 month low of $12.35 and a 12 month high of $17.56.

Navient (NASDAQ:NAVI) last announced its quarterly earnings data on Wednesday, January 29th. The credit services provider reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Navient had a return on equity of 6.69% and a net margin of 2.96%. On average, equities analysts predict that Navient will post 1.04 EPS for the current year.

Hedge Funds Weigh In On Navient

Several large investors have recently bought and sold shares of the business. Sterling Capital Management LLC lifted its stake in Navient by 815.0% in the fourth quarter. Sterling Capital Management LLC now owns 2,443 shares of the credit services provider’s stock valued at $32,000 after buying an additional 2,176 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Navient in the 4th quarter valued at approximately $167,000. Brevan Howard Capital Management LP boosted its stake in Navient by 16.3% during the 4th quarter. Brevan Howard Capital Management LP now owns 12,877 shares of the credit services provider’s stock worth $171,000 after acquiring an additional 1,804 shares during the last quarter. Twinbeech Capital LP acquired a new position in Navient during the fourth quarter valued at approximately $173,000. Finally, Paloma Partners Management Co bought a new stake in Navient in the third quarter valued at approximately $174,000. 97.14% of the stock is currently owned by institutional investors and hedge funds.

About Navient

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.