Navient (NASDAQ:NAVI) Price Target Cut to $14.00 by Analysts at JPMorgan Chase & Co.

Navient (NASDAQ:NAVI) had its price objective trimmed by JPMorgan Chase & Co. from $15.00 to $14.00 in a report released on Tuesday morning,Benzinga reports. The brokerage currently has a neutral rating on the credit services provider’s stock.

Other equities research analysts have also issued research reports about the company. Bank of America lowered Navient from a “neutral” rating to an “underperform” rating and set a $12.00 target price on the stock. in a research report on Thursday, September 4th. Morgan Stanley dropped their price target on shares of Navient from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 31st. Weiss Ratings restated a “sell (d+)” rating on shares of Navient in a research report on Saturday, September 27th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Navient from $15.00 to $14.50 and set a “market perform” rating for the company in a report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $13.07.

Navient Trading Down 2.0%

NAVI opened at $12.60 on Tuesday. The business has a fifty day moving average price of $13.11 and a 200 day moving average price of $13.19. The company has a debt-to-equity ratio of 16.52, a current ratio of 9.94 and a quick ratio of 9.94. Navient has a 12 month low of $10.53 and a 12 month high of $16.15. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 40.65 and a beta of 1.34.

Navient (NASDAQ:NAVI) last announced its quarterly earnings data on Wednesday, July 30th. The credit services provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.06). Navient had a net margin of 0.89% and a return on equity of 4.08%. The company had revenue of $156.00 million during the quarter, compared to analysts’ expectations of $156.20 million. During the same quarter in the previous year, the business posted $0.29 EPS. Navient has set its FY 2025 guidance at 0.950-1.050 EPS. Sell-side analysts expect that Navient will post 1.04 earnings per share for the current fiscal year.

Navient Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, September 5th were given a $0.16 dividend. The ex-dividend date was Friday, September 5th. This represents a $0.64 annualized dividend and a yield of 5.1%. Navient’s dividend payout ratio is 206.45%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC raised its holdings in shares of Navient by 2,663.1% in the first quarter. GAMMA Investing LLC now owns 8,096 shares of the credit services provider’s stock valued at $102,000 after buying an additional 7,803 shares during the last quarter. Wedge Capital Management L L P NC raised its stake in Navient by 18.5% during the 1st quarter. Wedge Capital Management L L P NC now owns 56,612 shares of the credit services provider’s stock valued at $715,000 after acquiring an additional 8,838 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in Navient by 55.9% during the 1st quarter. Harbor Capital Advisors Inc. now owns 10,608 shares of the credit services provider’s stock worth $134,000 after acquiring an additional 3,802 shares during the period. Teacher Retirement System of Texas purchased a new position in shares of Navient in the 1st quarter valued at approximately $149,000. Finally, Denali Advisors LLC increased its holdings in shares of Navient by 2.8% in the first quarter. Denali Advisors LLC now owns 158,987 shares of the credit services provider’s stock valued at $2,008,000 after purchasing an additional 4,287 shares during the period. 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.