Navient (NASDAQ:NAVI) Price Target Lowered to $13.50 at JPMorgan Chase & Co.

Navient (NASDAQ:NAVI - Get Free Report) had its price target decreased by investment analysts at JPMorgan Chase & Co. from $15.00 to $13.50 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the credit services provider's stock. JPMorgan Chase & Co.'s price objective points to a potential upside of 0.67% from the company's previous close.

A number of other equities research analysts have also commented on the company. Bank of America decreased their price objective on Navient from $17.00 to $16.00 and set a "neutral" rating for the company in a research report on Tuesday, December 24th. Barclays increased their price objective on Navient from $10.00 to $11.00 and gave the stock an "underweight" rating in a report on Tuesday, October 8th. StockNews.com raised Navient from a "hold" rating to a "buy" rating in a research note on Friday, November 1st. Finally, TD Cowen dropped their price objective on Navient from $14.00 to $13.00 and set a "sell" rating on the stock in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $14.58.

Navient Trading Up 3.3 %

Shares of NAVI traded up $0.43 during midday trading on Tuesday, hitting $13.41. The stock had a trading volume of 611,338 shares, compared to its average volume of 770,655. The business has a 50-day simple moving average of $14.44 and a two-hundred day simple moving average of $15.04. The firm has a market cap of $1.44 billion, a P/E ratio of 19.44 and a beta of 1.43. The company has a current ratio of 9.49, a quick ratio of 9.49 and a debt-to-equity ratio of 16.59. Navient has a fifty-two week low of $12.73 and a fifty-two week high of $18.36.

Navient (NASDAQ:NAVI - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The credit services provider reported $1.45 earnings per share for the quarter, topping the consensus estimate of $0.25 by $1.20. The firm had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $150.04 million. Navient had a net margin of 1.71% and a return on equity of 8.62%. During the same period in the previous year, the company posted $0.84 EPS. As a group, equities analysts forecast that Navient will post 2.47 EPS for the current year.

Insider Activity

In other Navient news, EVP Stephen M. Hauber sold 10,000 shares of the business's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $15.00, for a total value of $150,000.00. Following the sale, the executive vice president now owns 256,883 shares of the company's stock, valued at $3,853,245. The trade was a 3.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 27.99% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NAVI. Intech Investment Management LLC bought a new stake in shares of Navient in the 3rd quarter worth about $1,398,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Navient during the 3rd quarter valued at $511,000. Marshall Wace LLP bought a new position in Navient in the 2nd quarter valued at $2,327,000. Barclays PLC boosted its stake in Navient by 59.0% in the third quarter. Barclays PLC now owns 284,130 shares of the credit services provider's stock worth $4,429,000 after purchasing an additional 105,454 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Navient in the third quarter valued at $714,000. 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.