Navient (NASDAQ:NAVI) Price Target Increased to $16.00 by Analysts at Keefe, Bruyette & Woods

Navient (NASDAQ:NAVI) had its price target increased by equities research analysts at Keefe, Bruyette & Woods from $15.00 to $16.00 in a report released on Thursday, Benzinga reports. The brokerage presently has a “market perform” rating on the credit services provider’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 2.89% from the stock’s previous close.

Several other brokerages also recently issued reports on NAVI. Barclays reduced their price target on shares of Navient from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Tuesday, July 9th. TD Cowen reduced their price target on shares of Navient from $14.00 to $13.00 and set a “sell” rating on the stock in a report on Friday, April 26th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Navient from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Monday, July 8th. Three equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to data from MarketBeat, Navient presently has a consensus rating of “Hold” and an average target price of $15.80.

Navient Price Performance

NAVI stock traded down $0.14 during trading on Thursday, reaching $15.55. 88,289 shares of the company were exchanged, compared to its average volume of 866,308. The company has a market cap of $1.74 billion, a P/E ratio of 10.02 and a beta of 1.40. Navient has a 52-week low of $13.95 and a 52-week high of $19.68. The stock’s 50 day moving average price is $14.76 and its 200 day moving average price is $15.92. The company has a debt-to-equity ratio of 18.38, a quick ratio of 12.52 and a current ratio of 12.52.

Navient (NASDAQ:NAVI) last released its quarterly earnings data on Wednesday, April 24th. The credit services provider reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.05. The firm had revenue of $163.00 million for the quarter, compared to the consensus estimate of $188.04 million. Navient had a net margin of 3.93% and a return on equity of 12.09%. As a group, analysts predict that Navient will post 1.62 earnings per share for the current fiscal year.

Insider Activity at Navient

In other Navient news, EVP Mark L. Heleen sold 10,000 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $16.00, for a total transaction of $160,000.00. Following the completion of the transaction, the executive vice president now directly owns 393,611 shares of the company’s stock, valued at approximately $6,297,776. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 27.99% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of NAVI. Allspring Global Investments Holdings LLC bought a new stake in Navient in the 1st quarter valued at about $36,000. IAG Wealth Partners LLC bought a new stake in shares of Navient during the 2nd quarter worth about $50,000. Covestor Ltd raised its position in shares of Navient by 23.1% during the 1st quarter. Covestor Ltd now owns 6,245 shares of the credit services provider’s stock worth $109,000 after buying an additional 1,173 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Navient by 1,762.0% during the 4th quarter. International Assets Investment Management LLC now owns 9,310 shares of the credit services provider’s stock worth $173,000 after buying an additional 8,810 shares in the last quarter. Finally, Boulder Hill Capital Management LP bought a new stake in shares of Navient during the 4th quarter worth about $188,000. 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.