Brokerages Set Navient Co. (NASDAQ:NAVI) PT at $13.90

Navient Co. (NASDAQ:NAVI) has been given an average rating of “Hold” by the six research firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $13.90.

Several equities analysts recently issued reports on NAVI shares. Seaport Res Ptn upgraded Navient from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 21st. StockNews.com downgraded shares of Navient from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. cut their price objective on shares of Navient from $15.00 to $13.50 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. TD Cowen lowered their target price on Navient from $14.00 to $13.00 and set a “sell” rating for the company in a report on Friday, November 1st. Finally, Bank of America cut 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.

Hedge Funds Weigh In On Navient

A number of large investors have recently modified their holdings of NAVI. Wedge Capital Management L L P NC increased its position in shares of Navient by 2.7% in the third quarter. Wedge Capital Management L L P NC now owns 45,584 shares of the credit services provider’s stock valued at $711,000 after acquiring an additional 1,218 shares during the last quarter. Creative Planning increased its position in shares of Navient by 32.2% during the 3rd quarter. Creative Planning now owns 55,387 shares of the credit services provider’s stock worth $863,000 after purchasing an additional 13,497 shares during the last quarter. nVerses Capital LLC bought a new position in shares of Navient in the third quarter valued at $87,000. Donald Smith & CO. Inc. grew its position in shares of Navient by 27.8% in the 3rd quarter. Donald Smith & CO. Inc. now owns 3,581,311 shares of the credit services provider’s stock valued at $55,833,000 after acquiring an additional 779,973 shares during the period. Finally, First Trust Direct Indexing L.P. raised its holdings in shares of Navient by 12.0% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 13,942 shares of the credit services provider’s stock valued at $217,000 after purchasing an additional 1,491 shares during the period. 97.14% of the stock is currently owned by institutional investors and hedge funds.

Navient Trading Up 1.0 %

NAVI opened at $14.03 on Thursday. The firm’s fifty day moving average is $13.78 and its two-hundred day moving average is $14.80. The firm has a market cap of $1.51 billion, a PE ratio of 12.09 and a beta of 1.43. Navient has a twelve month low of $12.73 and a twelve month high of $17.56. The company has a debt-to-equity ratio of 16.35, a quick ratio of 9.49 and a current ratio of 9.48.

Navient (NASDAQ:NAVI) last issued its quarterly earnings data on Wednesday, January 29th. The credit services provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). Navient had a return on equity of 6.69% and a net margin of 2.96%. Equities research analysts anticipate that Navient will post 1.04 EPS for the current year.

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.