Navient (NASDAQ:NAVI) Price Target Cut to $14.00 by Analysts at Keefe, Bruyette & Woods

Navient (NASDAQ:NAVI) had its target price decreased by analysts at Keefe, Bruyette & Woods from $16.00 to $14.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “market perform” rating on the credit services provider’s stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 9.20% from the stock’s previous close.

A number of other brokerages also recently weighed in on NAVI. Seaport Res Ptn raised shares of Navient from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 21st. Bank of America lowered their target price on Navient from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, December 24th. StockNews.com downgraded Navient from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. lowered their price objective on Navient from $15.00 to $13.50 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $13.50.

Navient Stock Down 2.9 %

Shares of Navient stock opened at $12.82 on Monday. The business has a 50-day moving average price of $13.76 and a 200 day moving average price of $14.44. Navient has a fifty-two week low of $12.68 and a fifty-two week high of $17.56. The firm has a market cap of $1.31 billion, a P/E ratio of 11.05 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 (NASDAQ:NAVI) last posted its quarterly earnings results on Wednesday, January 29th. The credit services provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.01). Navient had a net margin of 2.96% and a return on equity of 6.69%. On average, sell-side analysts forecast that Navient will post 1.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. American Century Companies Inc. lifted its holdings in Navient by 6.4% in the fourth quarter. American Century Companies Inc. now owns 1,822,583 shares of the credit services provider’s stock worth $24,222,000 after purchasing an additional 109,229 shares during the period. Northern Trust Corp boosted its holdings in shares of Navient by 14.6% in the fourth quarter. Northern Trust Corp now owns 1,567,466 shares of the credit services provider’s stock valued at $20,832,000 after acquiring an additional 199,937 shares in the last quarter. Wellington Management Group LLP lifted its position in Navient by 47.4% in the fourth quarter. Wellington Management Group LLP now owns 1,315,841 shares of the credit services provider’s stock worth $17,488,000 after purchasing an additional 423,013 shares during the period. Bank of New York Mellon Corp increased its position in shares of Navient by 0.9% during the 4th quarter. Bank of New York Mellon Corp now owns 1,149,599 shares of the credit services provider’s stock valued at $15,278,000 after purchasing an additional 10,788 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Navient by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,092,270 shares of the credit services provider’s stock valued at $17,028,000 after buying an additional 19,606 shares during the period. 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.