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A statement released earlier today by Barclays Capital about Navient Corporation (NDAQ:NAVI) bumps the target price to $17.00

Yesterday Navient Corporation (NDAQ:NAVI) traded 1.02% higher at $12.40. The company’s 50-day moving average is $13.78 and its 200-day moving average is $14.70. The last stock close price is down -19.38% from the 200-day moving average, compared to the S&P 500 which has increased 0.02% over the same time. 1,018,483 shares of the stock were exchanged, down from an average trading volume of 2,829,350

Stating a potential upside of 0.37%, Barclays Capital upped the price target of Navient Corporation (NDAQ:NAVI) to $17.00

See Chart Below

Navient Corporation (NDAQ:NAVI)

Navient Corporation has a 52 week low of $11.48 and a 52 week high of $17.95 with a P/E ratio of 6.14 The company’s market cap is currently $0.

In addition to Barclays Capital reporting its target price, a total of 7 firms have reported on the company. The average stock price target is $15.93 with 0 brokerages rating the stock a strong buy, 5 brokerages rating the stock a buy, 2 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Navient Corporation (NDAQ:NAVI)

Navient Corporation provides asset management and business processing services to education, healthcare and government clients at the federal, state and local levels. The Company holds the portfolio of education loans insured or federally guaranteed under the Federal Family Education Loan Program (FFELP). It operates through four segments: FFELP Loans, Private Education Loans, Business Services and Other. It also holds the portfolio of Private Education Loans. It services its own portfolio of education loans, as well as education loans owned by the United States Department of Education (ED), financial institutions and nonprofit education lenders. It also provides business processing services to education-related clients, such as guaranty agencies and colleges and universities. It provides additional business processing services to a range of other clients, including federal agencies, state and local governments, healthcare systems and other healthcare providers and municipalities.

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