Navient Corp (NASDAQ:NAVI) has been upgraded to Hold in a statement by Zacks Investment Research today.
- Updated: September 20, 2016
Zacks Investment Research has upgraded Navient Corp (NASDAQ:NAVI) to Hold in a report released on 9/20/2016.
Showing a price of $13.77, Navient Corp (NASDAQ:NAVI) traded 0.36% higher on the day. The last stock close price is up 5.74% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Navient Corp has recorded a 50-day average of $14.14 and a 200-day moving average of $13.07. 1,717,365 shares of Navient Corp exchanged hands, down from an avg. volume of 2,848,730
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Navient Corp has a price-earnings ratio of 5.87 with a 52 week low of $8.20 and a one year high of $14.82 NAVI’s total market value is presently $0.
Also covering Navient Corp's price target, a total of 7 firms have issued a research note on NAVI. The one year target is $15.93 with zero firms rating the stock a strong buy, five brokers rating the stock a buy, two analysts rating the company a hold, 0 brokerages rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On 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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