Keefe, Bruyette & Woods Cuts Navient (NASDAQ:NAVI) Price Target to $14.50

Key Points

• Keefe, Bruyette & Woods has lowered Navient's price target from $15.00 to $14.50, reflecting a potential upside of 10.48% from the current stock price.
• Navient's consensus rating is "Reduce" with an average price target of $13.00, following mixed ratings from several analysts.
• Navient's stock recently traded at $13.13, down by $0.03 during trading hours, with 97.14% of shares owned by hedge funds and institutional investors.

Navient (NASDAQ:NAVI - Get Free Report) had its price target cut by stock analysts at Keefe, Bruyette & Woods from $15.00 to $14.50 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a "market perform" rating on the credit services provider's stock. Keefe, Bruyette & Woods' target price indicates a potential upside of 10.48% from the stock's current price.

A number of other research analysts have also commented on NAVI. JPMorgan Chase & Co. upped their price objective on shares of Navient from $12.50 to $15.50 and gave the company a "neutral" rating in a research report on Friday, July 11th. Bank of America cut shares of Navient from a "neutral" rating to an "underperform" rating and set a $12.00 price target on the stock. in a research report on Thursday, September 4th. Finally, Morgan Stanley lowered their price objective 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. One equities research 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, Navient presently has a consensus rating of "Reduce" and an average price target of $13.00.

Navient Stock Performance

NASDAQ NAVI traded down $0.03 during trading hours on Wednesday, reaching $13.13. The company's stock had a trading volume of 457,956 shares, compared to its average volume of 815,933. The business has a 50-day simple moving average of $13.20 and a 200 day simple moving average of $13.20. The stock has a market cap of $1.31 billion, a PE ratio of 42.37 and a beta of 1.35. The company has a current ratio of 9.94, a quick ratio of 9.94 and a debt-to-equity ratio of 16.52. Navient has a 52 week low of $10.53 and a 52 week high of $16.15.

Navient (NASDAQ:NAVI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The credit services provider reported $0.21 EPS for the quarter, missing analysts' consensus estimates of $0.27 by ($0.06). The company had revenue of $156.00 million for the quarter, compared to analyst estimates of $156.20 million. Navient had a net margin of 0.89% and a return on equity of 4.08%. During the same quarter in the prior year, the business earned $0.29 EPS. Navient has set its FY 2025 guidance at 0.950-1.050 EPS. Equities research analysts predict that Navient will post 1.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Quantbot Technologies LP purchased a new stake in shares of Navient in the 1st quarter worth about $40,000. New Age Alpha Advisors LLC purchased a new stake in Navient during the 1st quarter valued at about $71,000. Covestor Ltd boosted its holdings in shares of Navient by 15.7% during the 1st quarter. Covestor Ltd now owns 7,303 shares of the credit services provider's stock valued at $92,000 after acquiring an additional 993 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Navient by 77.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 7,766 shares of the credit services provider's stock valued at $109,000 after acquiring an additional 3,378 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Navient by 2,663.1% during the 1st quarter. GAMMA Investing LLC now owns 8,096 shares of the credit services provider's stock valued at $102,000 after acquiring an additional 7,803 shares during the last quarter. 97.14% of the stock is owned by hedge funds and other institutional investors.

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.

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