Analysts Set Navient Corporation (NASDAQ:NAVI) Target Price at $13.56

Key Points

• Navient Corporation has received a consensus rating of "Reduce" from nine ratings firms, with three recommending a sell, five a hold, and one a strong buy.
• The average 12-month price target for Navient shares is $13.5625, with some analysts adjusting their targets downwards, such as Morgan Stanley reducing theirs from $15.00 to $14.00.
• Navient's recent earnings report showed a miss, with earnings per share of $0.21 compared to expectations of $0.27, and revenue of $156 million against forecasts of $156.20 million.

Navient Corporation (NASDAQ:NAVI - Get Free Report) has been given a consensus recommendation of "Reduce" by the nine brokerages that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $13.5625.

NAVI has been the topic of several analyst reports. Keefe, Bruyette & Woods reduced their target price on Navient from $16.50 to $15.00 and set a "market perform" rating on the stock in a report on Thursday, July 31st. TD Securities upped their price target on shares of Navient from $11.00 to $12.00 and gave the stock a "sell" rating in a report on Thursday, May 1st. TD Cowen cut shares of Navient from a "hold" rating to a "strong sell" rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. boosted 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. Finally, Morgan Stanley reduced their target price on Navient from $15.00 to $14.00 and set an "equal weight" rating on the stock in a report on Thursday, July 31st.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in NAVI. Allianz Asset Management GmbH lifted its holdings in Navient by 47.1% in the first quarter. Allianz Asset Management GmbH now owns 381,040 shares of the credit services provider's stock valued at $4,813,000 after acquiring an additional 122,061 shares during the period. Bank of America Corp DE grew its holdings in Navient by 69.4% during the fourth quarter. Bank of America Corp DE now owns 667,372 shares of the credit services provider's stock valued at $8,869,000 after purchasing an additional 273,483 shares during the period. Two Sigma Investments LP raised its stake in shares of Navient by 39.0% in the fourth quarter. Two Sigma Investments LP now owns 130,046 shares of the credit services provider's stock worth $1,728,000 after buying an additional 36,498 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Navient by 19.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 192,867 shares of the credit services provider's stock valued at $2,563,000 after acquiring an additional 30,798 shares during the period. Finally, Two Sigma Advisers LP grew its stake in shares of Navient by 149.5% during the 4th quarter. Two Sigma Advisers LP now owns 51,900 shares of the credit services provider's stock valued at $690,000 after acquiring an additional 31,100 shares during the period. 97.14% of the stock is owned by hedge funds and other institutional investors.

Navient Stock Down 0.2%

Shares of Navient stock traded down $0.02 on Thursday, reaching $12.41. 579,643 shares of the company were exchanged, compared to its average volume of 821,471. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 40.03 and a beta of 1.37. 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 one year low of $10.53 and a one year high of $16.97. The company has a 50-day moving average of $13.91 and a 200 day moving average of $13.38.

Navient (NASDAQ:NAVI - Get Free Report) last posted its quarterly earnings results 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). Navient had a return on equity of 4.08% and a net margin of 0.89%. The business had revenue of $156.00 million for the quarter, compared to the consensus estimate of $156.20 million. During the same quarter in the previous year, the business posted $0.29 EPS. On average, equities research analysts forecast that Navient will post 1.04 earnings per share for the current year.

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.