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

Key Points

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Navient (NASDAQ:NAVI - Get Free Report) had its target price cut by stock analysts at Keefe, Bruyette & Woods from $16.50 to $15.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a "market perform" rating on the credit services provider's stock. Keefe, Bruyette & Woods' price target would indicate a potential upside of 17.69% from the company's previous close.

Other research analysts have also recently issued reports about the stock. Jefferies Financial Group lowered their target price on shares of Navient from $14.00 to $12.00 and set a "hold" rating on the stock in a report on Monday, April 21st. TD Cowen cut shares of Navient from a "hold" rating to a "strong sell" rating in a research note on Thursday, May 1st. TD Securities lifted their price objective 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. Finally, JPMorgan Chase & Co. lifted their price objective 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. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $13.56.

Navient Stock Performance

Navient stock traded up $0.09 during trading hours on Thursday, hitting $12.75. The company had a trading volume of 52,617 shares, compared to its average volume of 805,324. The firm has a market cap of $1.29 billion, a PE ratio of 41.20 and a beta of 1.37. 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 one year low of $10.53 and a one year high of $16.97. The firm has a 50-day moving average of $13.99 and a 200 day moving average of $13.41.

Navient (NASDAQ:NAVI - Get Free Report) last announced 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 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 period in the prior year, the business posted $0.29 earnings per share. On average, sell-side analysts expect that Navient will post 1.04 earnings per share for the current year.

Hedge Funds Weigh In On Navient

A number of hedge funds have recently modified their holdings of NAVI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Navient by 1.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,052 shares of the credit services provider's stock valued at $585,000 after purchasing an additional 823 shares in the last quarter. Neuberger Berman Group LLC increased its stake in Navient by 5.6% in the first quarter. Neuberger Berman Group LLC now owns 18,100 shares of the credit services provider's stock valued at $229,000 after purchasing an additional 962 shares in the last quarter. Covestor Ltd increased its stake 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. Wedge Capital Management L L P NC increased its stake in Navient by 1.8% in the second quarter. Wedge Capital Management L L P NC now owns 57,611 shares of the credit services provider's stock valued at $812,000 after purchasing an additional 999 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its position in shares of Navient by 9.5% during the second quarter. Harbor Capital Advisors Inc. now owns 11,620 shares of the credit services provider's stock worth $164,000 after acquiring an additional 1,012 shares in the last quarter. Institutional investors and hedge funds 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.