Navient (NASDAQ:NAVI) Price Target Lowered to $15.00 at Keefe, Bruyette & Woods

Key Points

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Navient (NASDAQ:NAVI - Get Free Report) had its price target cut by stock analysts at Keefe, Bruyette & Woods from $16.50 to $15.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a "market perform" rating on the credit services provider's stock. Keefe, Bruyette & Woods' target price would indicate a potential upside of 18.48% from the company's current price.

Other research analysts have also recently issued research reports about the company. TD Securities lifted their target price on Navient from $11.00 to $12.00 and gave the company a "sell" rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. boosted their price objective on Navient from $12.50 to $15.50 and gave the stock a "neutral" rating in a research report on Friday, July 11th. Jefferies Financial Group cut their price objective on Navient from $14.00 to $12.00 and set a "hold" rating on the stock in a research report on Monday, April 21st. Finally, TD Cowen cut Navient from a "hold" rating to a "strong sell" rating in a research report on Thursday, May 1st. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a strong buy rating to the stock. According to MarketBeat, Navient currently has an average rating of "Hold" and an average target price of $13.56.

Navient Stock Down 2.2%

Shares of NASDAQ:NAVI traded down $0.28 during mid-day trading on Thursday, hitting $12.66. 936,068 shares of the company traded hands, compared to its average volume of 1,126,263. The stock has a market cap of $1.28 billion, a P/E ratio of 40.84 and a beta of 1.37. The company has a current ratio of 9.94, a quick ratio of 9.88 and a debt-to-equity ratio of 16.52. Navient has a 12-month low of $10.53 and a 12-month high of $16.97. The stock has a 50-day moving average price of $13.99 and a two-hundred day moving average price of $13.42.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NAVI. Marshall Wace LLP lifted its position in shares of Navient by 1,043.8% during the 4th quarter. Marshall Wace LLP now owns 635,466 shares of the credit services provider's stock valued at $8,445,000 after buying an additional 579,909 shares during the last quarter. Orbis Allan Gray Ltd lifted its position in shares of Navient by 29.7% during the 1st quarter. Orbis Allan Gray Ltd now owns 2,311,785 shares of the credit services provider's stock valued at $29,198,000 after buying an additional 528,716 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Navient by 47.4% during the 4th quarter. Wellington Management Group LLP now owns 1,315,841 shares of the credit services provider's stock valued at $17,488,000 after buying an additional 423,013 shares during the last quarter. Tudor Investment Corp ET AL lifted its position in shares of Navient by 1,088.8% during the 4th quarter. Tudor Investment Corp ET AL now owns 460,646 shares of the credit services provider's stock valued at $6,122,000 after buying an additional 421,898 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Navient by 32.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,439,903 shares of the credit services provider's stock valued at $18,186,000 after buying an additional 353,898 shares during the last quarter. Hedge funds and other institutional investors own 97.14% of the company's stock.

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.