Navient Corp (NASDAQ:NAVI) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: September 20, 2016
Zacks Investment Research has upgraded Navient Corp(NASDAQ:NAVI) to Hold in a report released on Tuesday September 20 2016.
Only yesterday Navient Corp (NASDAQ:NAVI) traded 0.36% higher at $13.77. NAVI’s 50-day moving average is $14.14 and its 200-day moving average is $13.07. The last stock price close is up 5.74% from the two hundred day average, compared with the Standard & Poor’s 500 Index which has decreased -0.01% over the same time period. Trade volume was down over the average, with 1,717,365 shares of NAVI changing hands under the typical 2,848,730 shares..
Navient Corp has a one-year low of $8.20 and a 52 week high of $14.82 with a price-earnings ratio of 6. Navient Corp’s total market value is presently $0.0.
A total of 7 firms have released a report on the company. Zero rate the stock a strong buy, five firms rate the company a buy, two firms rate the company a hold, 0 rate the company to underperform, and finally 0 analystsrate the stock as sell with a consensus target of $15.93
More About 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, and courts and municipalities.
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