Navient (NASDAQ:NAVI) PT Lowered to $11.00

Navient (NASDAQ:NAVI) had its target price decreased by stock analysts at Barclays from $13.00 to $11.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “underweight” rating on the credit services provider’s stock. Barclays‘s price target indicates a potential downside of 30.03% from the stock’s current price.

Several other research firms also recently weighed in on NAVI. StockNews.com downgraded Navient from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. TD Cowen downgraded 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 report on Monday, January 8th. Keefe, Bruyette & Woods decreased their target price on Navient from $19.00 to $17.00 and set a “market perform” rating for the company in a research report on Thursday. Citigroup lifted their target price on Navient from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, February 1st. Finally, Deutsche Bank Aktiengesellschaft started coverage on Navient in a report on Wednesday, January 10th. They issued a “hold” rating and a $19.00 price objective for the company. Three research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $16.10.

Navient Stock Down 0.3 %

Shares of NAVI opened at $15.72 on Thursday. Navient has a 52-week low of $14.10 and a 52-week high of $19.69. The company has a market cap of $1.76 billion, a PE ratio of 10.08 and a beta of 1.38. The business has a fifty day moving average of $16.54 and a 200 day moving average of $17.09. The company has a quick ratio of 13.63, a current ratio of 12.52 and a debt-to-equity ratio of 18.38.

Navient (NASDAQ:NAVI) last released its earnings results on Wednesday, April 24th. The credit services provider reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.05. Navient had a return on equity of 12.09% and a net margin of 3.93%. The business had revenue of $163.00 million during the quarter, compared to the consensus estimate of $188.04 million. On average, sell-side analysts expect that Navient will post 1.74 EPS for the current year.

Insider Buying and Selling at Navient

In other Navient news, EVP Mark L. Heleen sold 10,000 shares of Navient stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $17.20, for a total value of $172,000.00. Following the transaction, the executive vice president now owns 385,577 shares in the company, valued at $6,631,924.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 27.99% of the stock is owned by insiders.

Hedge Funds Weigh In On Navient

Several institutional investors and hedge funds have recently added to or reduced their stakes in NAVI. Impact Partnership Wealth LLC grew its stake in Navient by 277.8% in the third quarter. Impact Partnership Wealth LLC now owns 1,511 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 1,111 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Navient during the first quarter worth about $36,000. CWM LLC grew its stake in shares of Navient by 314.6% during the third quarter. CWM LLC now owns 2,193 shares of the credit services provider’s stock worth $38,000 after acquiring an additional 1,664 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Navient by 13.1% during the third quarter. PNC Financial Services Group Inc. now owns 5,236 shares of the credit services provider’s stock worth $90,000 after acquiring an additional 607 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its stake in shares of Navient by 367.7% during the third quarter. Exchange Traded Concepts LLC now owns 6,795 shares of the credit services provider’s stock worth $117,000 after acquiring an additional 5,342 shares during the last quarter. Hedge funds and other institutional investors 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.