Navient (NASDAQ:NAVI) PT Lowered to $17.00 at Keefe, Bruyette & Woods

Navient (NASDAQ:NAVI) had its price objective cut by equities researchers at Keefe, Bruyette & Woods from $19.00 to $17.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “market perform” rating on the credit services provider’s stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 8.83% from the company’s current price.

Other research analysts also recently issued reports about the stock. TD Cowen downgraded shares of Navient from a “market perform” rating to an “underperform” rating and decreased their target price for the stock from $17.00 to $15.00 in a research note on Monday, January 8th. JPMorgan Chase & Co. raised shares of Navient from an “underweight” rating to a “neutral” rating and decreased their target price for the stock from $18.00 to $17.00 in a research note on Wednesday, April 3rd. StockNews.com downgraded shares of Navient from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Citigroup lifted their target price on shares of Navient from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Thursday, February 1st. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Navient in a research report on Wednesday, January 10th. They set a “hold” rating and a $19.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $16.70.

Navient Price Performance

NAVI traded down $0.47 on Thursday, reaching $15.62. The company had a trading volume of 242,891 shares, compared to its average volume of 911,841. Navient has a 52-week low of $14.10 and a 52-week high of $19.69. The company has a debt-to-equity ratio of 19.35, a quick ratio of 13.63 and a current ratio of 13.64. The business has a 50 day simple moving average of $16.57 and a 200 day simple moving average of $17.11. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 8.73 and a beta of 1.38.

Navient (NASDAQ:NAVI) last issued its earnings results on Wednesday, April 24th. The credit services provider reported $0.63 EPS for the quarter, topping the consensus estimate of $0.58 by $0.05. Navient had a net margin of 4.72% and a return on equity of 14.17%. The company had revenue of $163.00 million for the quarter, compared to the consensus estimate of $188.04 million. As a group, sell-side analysts anticipate that Navient will post 2.12 EPS for the current year.

Insider Transactions at Navient

In other news, EVP Mark L. Heleen sold 10,000 shares of the company’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $17.20, for a total value of $172,000.00. Following the sale, the executive vice president now directly owns 385,577 shares of the company’s stock, valued at approximately $6,631,924.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 27.99% of the company’s stock.

Institutional Trading of Navient

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Impact Partnership Wealth LLC boosted its stake in Navient by 277.8% in the 3rd quarter. Impact Partnership Wealth LLC now owns 1,511 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 1,111 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in Navient during the 1st quarter valued at about $36,000. CWM LLC lifted its stake in Navient by 314.6% during the 3rd quarter. CWM LLC now owns 2,193 shares of the credit services provider’s stock valued at $38,000 after acquiring an additional 1,664 shares during the period. PNC Financial Services Group Inc. lifted its stake in Navient by 13.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,236 shares of the credit services provider’s stock valued at $90,000 after acquiring an additional 607 shares during the period. Finally, Exchange Traded Concepts LLC increased its position in shares of Navient by 367.7% during the 3rd quarter. Exchange Traded Concepts LLC now owns 6,795 shares of the credit services provider’s stock valued at $117,000 after purchasing an additional 5,342 shares during the last quarter. 97.14% of the stock is owned by hedge funds and other institutional investors.

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.