Navient Corp (NASDAQ:NAVI) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: November 29, 2016
Zacks Investment Research has downgraded Navient Corp (NASDAQ:NAVI) to Sell in a statement released on 11/29/2016.
On Wednesday February 24, 2016, Credit Suisse released a statement on Navient Corp (NASDAQ:NAVI) dropped the target price from $18.00 to $17.00 that suggested an upside of 0.71%.
Having a price of $17.30, Navient Corp (NASDAQ:NAVI) traded -1.52% lower on the day. With the last close up 24.10% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the same period. NAVI has recorded a 50-day average of $14.88 and a two hundred day average of $13.88. Trade Volume was down over the average, with 1,987,637 shares of NAVI changing hands under the typical 3,566,950
Recent Performance Chart
Navient Corp has PE ratio of 7.07 with a one year low of $8.20 and a one year high of $17.95 and has a market capitalization of $0.
A total of 7 analysts have released a report on Navient Corp. zero analysts rating the company a strong buy, five analysts rating the company a buy, two analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $15.93.
General Company Details For Navient Corp (NASDAQ:NAVI)
Navient Corporation is a loan management, servicing and asset recovery company. The Company holds the portfolio of education loans insured or guaranteed under the Federal Family Education Loan Program (FFELP), as well as the portfolio of Private Education Loans. FFELP Loans are insured or guaranteed by state based on guaranty agreements among the United States Department of Education (ED) and these agencies. Private Education Loans are education loans to students or their families that bear the full credit risk of the customer and any cosigner. The Company operates in three segments: FFELP Loans, Private Education Loans and Business Services. The Company services its own portfolio of education loans, as well as those owned by banks, credit unions, non-profit education lenders and ED. It also provides asset recovery services on its own portfolio, guaranty agencies, higher education institutions, ED and other federal clients, as well as states, courts and municipalities.
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