Navient (NASDAQ:NAVI) Price Target Lowered to $15.00 at JPMorgan Chase & Co.

Navient (NASDAQ:NAVI) had its target price cut by investment analysts at JPMorgan Chase & Co. from $15.50 to $15.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the credit services provider’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 0.94% from the company’s current price.

A number of other research analysts also recently issued reports on the stock. TD Cowen cut their price objective on shares of Navient from $14.00 to $13.00 and set a “sell” rating on the stock in a research report on Friday, November 1st. Barclays upped their price target on Navient from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 8th. Bank of America assumed coverage on Navient in a research report on Monday, September 30th. They issued a “neutral” rating and a $17.00 price objective for the company. Finally, StockNews.com raised Navient from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $15.63.

Navient Stock Up 0.4 %

NASDAQ:NAVI opened at $14.86 on Monday. The company has a 50-day moving average of $15.22 and a 200 day moving average of $15.18. Navient has a 1-year low of $13.71 and a 1-year high of $19.68. The firm has a market cap of $1.60 billion, a PE ratio of 21.54 and a beta of 1.40. The company has a debt-to-equity ratio of 16.59, a current ratio of 9.49 and a quick ratio of 9.49.

Navient (NASDAQ:NAVI) last released its quarterly earnings results on Wednesday, October 30th. The credit services provider reported $1.45 EPS for the quarter, topping the consensus estimate of $0.25 by $1.20. Navient had a return on equity of 8.62% and a net margin of 1.71%. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $150.04 million. During the same period in the previous year, the company posted $0.84 EPS. As a group, research analysts anticipate that Navient will post 2.47 EPS for the current fiscal year.

Insider Buying and Selling at Navient

In other news, EVP Stephen M. Hauber sold 10,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was 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 in the company, valued at $3,853,245. This represents a 3.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 27.99% of the company’s stock.

Hedge Funds Weigh In On Navient

Large investors have recently made changes to their positions in the company. Barclays PLC grew its position in shares of Navient by 59.0% during the 3rd quarter. Barclays PLC now owns 284,130 shares of the credit services provider’s stock valued at $4,429,000 after acquiring an additional 105,454 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of Navient during the 3rd quarter valued at approximately $256,000. Wellington Management Group LLP grew its stake in Navient by 0.9% in the 3rd quarter. Wellington Management Group LLP now owns 892,828 shares of the credit services provider’s stock valued at $13,919,000 after acquiring an additional 8,117 shares during the period. Stadium Capital Management LLC increased its holdings in Navient by 6.7% in the 3rd quarter. Stadium Capital Management LLC now owns 340,170 shares of the credit services provider’s stock worth $5,303,000 after acquiring an additional 21,385 shares in the last quarter. Finally, Quantinno Capital Management LP raised its position in Navient by 12.6% during the third quarter. Quantinno Capital Management LP now owns 14,173 shares of the credit services provider’s stock worth $221,000 after acquiring an additional 1,587 shares during the period. 97.14% of the stock is currently owned by institutional investors and hedge funds.

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.