Keefe, Bruyette & Woods Cuts Navient (NASDAQ:NAVI) Price Target to $14.00

Navient (NASDAQ:NAVI) had its target price lowered by research analysts at Keefe, Bruyette & Woods from $16.00 to $14.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “market perform” rating on the credit services provider’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 9.20% from the company’s current price.

Several other equities analysts also recently weighed in on NAVI. Bank of America dropped their price target on Navient from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Tuesday, December 24th. StockNews.com lowered shares of Navient from a “buy” rating to a “hold” rating in a report on Friday, January 31st. JPMorgan Chase & Co. lowered their price target on shares of Navient from $15.00 to $13.50 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Finally, Seaport Res Ptn raised shares of Navient from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $13.50.

Navient Trading Down 2.9 %

NASDAQ:NAVI opened at $12.82 on Monday. The company has a market capitalization of $1.31 billion, a PE ratio of 11.05 and a beta of 1.36. Navient has a 52-week low of $12.68 and a 52-week high of $17.56. The stock has a fifty day simple moving average of $13.76 and a 200-day simple moving average of $14.44. The company has a quick ratio of 9.49, a current ratio of 9.48 and a debt-to-equity ratio of 16.35.

Navient (NASDAQ:NAVI) last announced its quarterly earnings results on Wednesday, January 29th. The credit services provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.01). Navient had a net margin of 2.96% and a return on equity of 6.69%. On average, equities research analysts expect that Navient will post 1.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Navient by 1.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,052 shares of the credit services provider’s stock valued at $585,000 after buying an additional 823 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in Navient by 12.6% in the third quarter. Quantinno Capital Management LP now owns 14,173 shares of the credit services provider’s stock valued at $221,000 after purchasing an additional 1,587 shares during the last quarter. Brevan Howard Capital Management LP grew its stake in Navient by 16.3% during the 4th quarter. Brevan Howard Capital Management LP now owns 12,877 shares of the credit services provider’s stock valued at $171,000 after purchasing an additional 1,804 shares in the last quarter. Sterling Capital Management LLC increased its holdings in Navient by 815.0% during the 4th quarter. Sterling Capital Management LLC now owns 2,443 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 2,176 shares during the last quarter. Finally, Wedge Capital Management L L P NC raised its position in shares of Navient by 4.8% in the 4th quarter. Wedge Capital Management L L P NC now owns 47,774 shares of the credit services provider’s stock valued at $635,000 after purchasing an additional 2,190 shares in the last quarter. 97.14% of the stock is owned by institutional investors and hedge funds.

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.