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

Navient Co. (NASDAQ:NAVI) has received a consensus recommendation of “Hold” from the six research firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $13.90.

NAVI has been the subject of several research analyst reports. TD Cowen dropped their target price on shares of Navient from $14.00 to $13.00 and set a “sell” rating for the company in a research report on Friday, November 1st. JPMorgan Chase & Co. cut their price target on Navient from $15.00 to $13.50 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. StockNews.com cut Navient from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Bank of America cut their target price on Navient from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 24th. Finally, Seaport Res Ptn upgraded shares of Navient from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 21st.

Navient Stock Up 2.1 %

Shares of NASDAQ:NAVI opened at $13.89 on Thursday. The firm has a fifty day moving average of $13.84 and a 200 day moving average of $14.84. The firm has a market capitalization of $1.49 billion, a PE ratio of 11.97 and a beta of 1.43. Navient has a 52-week low of $12.73 and a 52-week 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 earnings results 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%. As a group, research analysts anticipate that Navient will post 1.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in NAVI. Schonfeld Strategic Advisors LLC grew its position in Navient by 110.7% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 62,921 shares of the credit services provider’s stock worth $836,000 after purchasing an additional 33,057 shares during the period. Northern Trust Corp grew its holdings in shares of Navient by 14.6% in the fourth quarter. Northern Trust Corp now owns 1,567,466 shares of the credit services provider’s stock worth $20,832,000 after acquiring an additional 199,937 shares during the period. Tudor Investment Corp ET AL increased its position in Navient by 1,088.8% during the fourth quarter. Tudor Investment Corp ET AL now owns 460,646 shares of the credit services provider’s stock valued at $6,122,000 after acquiring an additional 421,898 shares during the last quarter. Aquatic Capital Management LLC bought a new position in Navient in the fourth quarter valued at about $442,000. Finally, Nebula Research & Development LLC purchased a new position in Navient in the fourth quarter worth about $296,000. 97.14% of the stock is 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.