Navient (NASDAQ:NAVI) Price Target Lowered to $16.00 at JPMorgan Chase & Co.

Navient (NASDAQ:NAVI) had its price objective decreased by stock analysts at JPMorgan Chase & Co. from $17.00 to $16.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the credit services provider’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 1.78% from the stock’s previous close.

Several other research analysts have also issued reports on the stock. Barclays cut their target price on shares of Navient from $13.00 to $11.00 and set an “underweight” rating on the stock in a research note on Thursday. TD Cowen lowered shares of Navient from a “market perform” rating to an “underperform” rating and cut their target price for the stock from $17.00 to $15.00 in a research note on Monday, January 8th. StockNews.com lowered shares of Navient from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Navient in a report on Wednesday, January 10th. They set a “hold” rating and a $19.00 price objective on the stock. Finally, Stephens downgraded shares of Navient from an “equal weight” rating to an “underweight” rating and set a $16.00 price objective on the stock. in a report on Tuesday, January 2nd. Three analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $16.10.

Navient Trading Down 0.3 %

NASDAQ:NAVI opened at $15.72 on Thursday. The firm’s fifty day moving average is $16.54 and its 200-day moving average is $17.09. The company has a debt-to-equity ratio of 18.38, a quick ratio of 13.63 and a current ratio of 12.52. Navient has a 52 week low of $14.10 and a 52 week high of $19.69. The firm has a market cap of $1.76 billion, a P/E ratio of 10.08 and a beta of 1.38.

Navient (NASDAQ:NAVI) last posted its quarterly earnings data on Wednesday, April 24th. The credit services provider reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.05. Navient had a net margin of 3.93% and a return on equity of 12.09%. The company had revenue of $163.00 million for the quarter, compared to analyst estimates of $188.04 million. Equities analysts expect that Navient will post 1.74 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Mark L. Heleen sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $17.20, for a total transaction of $172,000.00. Following the completion of the sale, the executive vice president now owns 385,577 shares in the company, valued at $6,631,924.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 27.99% of the stock is currently owned by corporate insiders.

Institutional Trading of Navient

A number of large investors have recently added to or reduced their stakes in the stock. New Mexico Educational Retirement Board purchased a new stake in Navient during the first quarter worth about $649,000. Denali Advisors LLC increased its holdings in Navient by 115.9% during the first quarter. Denali Advisors LLC now owns 283,000 shares of the credit services provider’s stock worth $4,924,000 after buying an additional 151,900 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Navient during the first quarter worth about $36,000. Nomura Holdings Inc. purchased a new stake in Navient during the fourth quarter worth about $783,000. Finally, Wellington Management Group LLP boosted its position in Navient by 15.5% during the fourth quarter. Wellington Management Group LLP now owns 343,761 shares of the credit services provider’s stock worth $6,401,000 after purchasing an additional 46,230 shares during the period. Hedge funds and other institutional investors own 97.14% of the company’s stock.

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.