Navient (NASDAQ:NAVI) Price Target Cut to $15.00

Navient (NASDAQ:NAVIGet Free Report) had its target price cut by Keefe, Bruyette & Woods from $17.00 to $15.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a “market perform” rating on the credit services provider’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 4.68% from the company’s current price.

A number of other analysts also recently issued reports on NAVI. TD Cowen lowered their price target on Navient from $14.00 to $13.00 and set a “sell” rating for the company in a research report on Friday, April 26th. Barclays dropped their target price on Navient from $13.00 to $11.00 and set an “underweight” rating for the company in a research report on Thursday, April 25th. Finally, JPMorgan Chase & Co. decreased their target price on Navient from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Thursday, April 25th. Three investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $15.90.

Check Out Our Latest Analysis on Navient

Navient Price Performance

NAVI stock opened at $14.33 on Monday. The company has a fifty day simple moving average of $14.88 and a two-hundred day simple moving average of $16.24. Navient has a 52 week low of $13.96 and a 52 week high of $19.69. The company has a quick ratio of 12.52, a current ratio of 12.52 and a debt-to-equity ratio of 18.38. The firm has a market capitalization of $1.60 billion, a P/E ratio of 9.19 and a beta of 1.40.

Navient (NASDAQ:NAVIGet Free Report) last issued 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. Navient had a return on equity of 12.09% and a net margin of 3.93%. The company had revenue of $163.00 million for the quarter, compared to analysts’ expectations of $188.04 million. Analysts anticipate that Navient will post 1.65 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 stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $16.00, for a total transaction of $160,000.00. Following the completion of the sale, the executive vice president now directly owns 393,611 shares of the company’s stock, valued at $6,297,776. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 27.99% of the stock is owned by insiders.

Institutional Investors Weigh In On Navient

Hedge funds and other institutional investors have recently bought and sold shares of the company. Donald Smith & CO. Inc. increased its position in shares of Navient by 31.5% during 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 in the last quarter. American Century Companies Inc. increased its position in Navient by 7.4% during the 3rd quarter. American Century Companies Inc. now owns 1,138,526 shares of the credit services provider’s stock valued at $19,605,000 after buying an additional 78,186 shares in the last quarter. Bridgeway Capital Management LLC raised its stake in Navient by 8.8% in the fourth quarter. Bridgeway Capital Management LLC now owns 811,826 shares of the credit services provider’s stock valued at $15,116,000 after buying an additional 65,576 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in Navient in the fourth quarter valued at about $13,546,000. Finally, Empowered Funds LLC boosted its holdings in Navient by 7.7% in the first quarter. Empowered Funds LLC now owns 391,401 shares of the credit services provider’s stock worth $6,810,000 after acquiring an additional 27,997 shares in the last quarter. Hedge funds and other institutional investors own 97.14% of the company’s stock.

About Navient

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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.

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