Navient (NASDAQ:NAVI) PT Lowered to $11.00

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

Several other brokerages have also weighed in on NAVI. StockNews.com lowered Navient from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. TD Cowen lowered 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 report on Monday, January 8th. Deutsche Bank Aktiengesellschaft started coverage on Navient in a research report on Wednesday, January 10th. They set a “hold” rating and a $19.00 target price on the stock. JPMorgan Chase & Co. upgraded Navient from an “underweight” rating to a “neutral” rating and dropped their price target for the stock from $18.00 to $17.00 in a research note on Wednesday, April 3rd. Finally, Keefe, Bruyette & Woods dropped their price target on Navient from $19.00 to $17.00 and set a “market perform” rating on the stock in a research note on Thursday. Three analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $16.10.

Navient Price Performance

Shares of NASDAQ NAVI opened at $15.72 on Thursday. 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 fifty-two week low of $14.10 and a fifty-two week high of $19.69. The firm has a market capitalization of $1.76 billion, a PE ratio of 10.08 and a beta of 1.38. The stock’s 50-day simple moving average is $16.54 and its 200-day simple moving average is $17.09.

Navient (NASDAQ:NAVI) last issued 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 for the quarter, compared to analyst estimates of $188.04 million. As a group, equities research analysts forecast that Navient will post 1.74 EPS for the current fiscal 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 that occurred on 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 directly owns 385,577 shares in the company, valued at approximately $6,631,924.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 27.99% of the company’s stock.

Institutional Trading of Navient

A number of institutional investors have recently modified their holdings of NAVI. Donald Smith & CO. Inc. boosted its stake in shares of Navient by 31.5% in the fourth quarter. Donald Smith & CO. Inc. now owns 3,586,501 shares of the credit services provider’s stock valued at $66,781,000 after buying an additional 858,890 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in shares of Navient in the fourth quarter valued at approximately $13,546,000. DekaBank Deutsche Girozentrale boosted its stake in shares of Navient by 207.8% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 231,186 shares of the credit services provider’s stock valued at $4,320,000 after buying an additional 156,086 shares in the last quarter. Denali Advisors LLC boosted its stake in shares of Navient by 115.9% in the first quarter. Denali Advisors LLC now owns 283,000 shares of the credit services provider’s stock valued at $4,924,000 after buying an additional 151,900 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Navient by 24.8% in the third quarter. Assenagon Asset Management S.A. now owns 541,674 shares of the credit services provider’s stock valued at $9,328,000 after buying an additional 107,543 shares in the last quarter. 97.14% of the stock is currently 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.