Navient Co. (NASDAQ:NAVI) Receives $13.90 Average Target Price from Brokerages

Shares of Navient Co. (NASDAQ:NAVI - Get Free Report) have been assigned a consensus rating of "Hold" from the six brokerages that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $13.90.

Several equities analysts have commented on NAVI shares. TD Cowen lowered their price target on Navient from $14.00 to $13.00 and set a "sell" rating on the stock in a report on Friday, November 1st. Seaport Res Ptn upgraded Navient from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 21st. StockNews.com downgraded Navient from a "buy" rating to a "hold" rating in a report on Friday, January 31st. Bank of America lowered their price target on Navient from $17.00 to $16.00 and set a "neutral" rating on the stock in a report on Tuesday, December 24th. Finally, JPMorgan Chase & Co. lowered their price target on Navient from $15.00 to $13.50 and set a "neutral" rating on the stock in a report on Tuesday, January 14th.

Navient Stock Up 2.1 %

NAVI traded up $0.29 during midday trading on Thursday, hitting $13.89. 494,694 shares of the company's stock traded hands, compared to its average volume of 865,359. The company has a market cap of $1.49 billion, a PE ratio of 11.97 and a beta of 1.43. The stock's fifty day simple moving average is $13.84 and its 200-day simple moving average is $14.83. The company has a debt-to-equity ratio of 16.35, a current ratio of 9.48 and a quick ratio of 9.49. Navient has a one year low of $12.73 and a one year high of $17.56.

Navient (NASDAQ:NAVI - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The credit services provider reported $0.25 earnings per share 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%. As a group, equities analysts anticipate that Navient will post 1.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Navient

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sterling Capital Management LLC grew its stake in shares of Navient by 815.0% in the fourth quarter. Sterling Capital Management LLC now owns 2,443 shares of the credit services provider's stock worth $32,000 after acquiring an additional 2,176 shares during the last quarter. KBC Group NV lifted its position in Navient by 47.0% in the third quarter. KBC Group NV now owns 4,355 shares of the credit services provider's stock worth $68,000 after purchasing an additional 1,392 shares during the period. nVerses Capital LLC bought a new position in Navient in the third quarter worth $87,000. Harbor Capital Advisors Inc. bought a new position in Navient in the third quarter worth $95,000. Finally, Covestor Ltd lifted its position in Navient by 24.6% in the third quarter. Covestor Ltd now owns 7,360 shares of the credit services provider's stock worth $115,000 after purchasing an additional 1,455 shares during the period. Institutional investors and hedge funds 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.