Navient Corporation (NASDAQ:NAVI) Receives $13.56 Consensus Target Price from Analysts

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 earned an average recommendation of "Reduce" from the nine ratings firms that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $13.5625.

Several brokerages have commented on NAVI. Jefferies Financial Group lowered their target price on shares of Navient from $14.00 to $12.00 and set a "hold" rating for the company in a research note on Monday, April 21st. JPMorgan Chase & Co. upped their target price on shares of Navient from $12.50 to $15.50 and gave the company a "neutral" rating in a research note on Friday, July 11th. TD Securities upped their target price on shares of Navient from $11.00 to $12.00 and gave the company a "sell" rating in a research note on Thursday, May 1st. Morgan Stanley lowered their target price on shares of Navient from $15.00 to $14.00 and set an "equal weight" rating for the company in a research note on Thursday, July 31st. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Navient from $16.50 to $15.00 and set a "market perform" rating for the company in a research report on Thursday, July 31st.

Navient Trading Down 0.2%

NASDAQ:NAVI traded down $0.02 during trading hours on Thursday, hitting $12.41. The stock had a trading volume of 579,643 shares, compared to its average volume of 1,081,545. Navient has a one year low of $10.53 and a one year high of $16.97. The company has a debt-to-equity ratio of 16.52, a quick ratio of 9.94 and a current ratio of 9.94. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 40.03 and a beta of 1.37. The business's 50 day moving average is $13.89 and its 200-day moving average is $13.36.

Navient (NASDAQ:NAVI - Get Free Report) last issued its earnings results on Wednesday, July 30th. The credit services provider reported $0.21 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 firm had revenue of $156.00 million during the quarter, compared to the consensus estimate of $156.20 million. During the same period in the previous year, the company posted $0.29 EPS. Sell-side analysts anticipate that Navient will post 1.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Navient

Several large investors have recently made changes to their positions in NAVI. Sterling Capital Management LLC grew its position in Navient by 815.0% in the fourth quarter. Sterling Capital Management LLC now owns 2,443 shares of the credit services provider's stock valued at $32,000 after purchasing an additional 2,176 shares in the last quarter. Quantbot Technologies LP bought a new position in Navient in the first quarter valued at $40,000. New Age Alpha Advisors LLC bought a new position in Navient in the first quarter valued at $71,000. Covestor Ltd grew its position in Navient by 15.7% in the first quarter. Covestor Ltd now owns 7,303 shares of the credit services provider's stock valued at $92,000 after purchasing an additional 993 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in 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 purchasing an additional 7,803 shares in the last quarter. 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.