Navient Corporation (NASDAQ:NAVI) : The highest level Navient Corporation (NASDAQ:NAVI) is projected to reach is $19 for the short term and the lowest estimate is at $13. The consolidated price target from 2 rating analysts who initiate coverage on the stock is $16 and the possibility the share price can swing is $4.24.
Other Equity analysts have also commented on the company shares. Credit Suisse maintains its view on Navient Corporation (NASDAQ:NAVI) according to the research report released by the firm to its investors. The shares have now been rated Outperform by the stock experts at the ratings house. Credit Suisse lowers the price target from $18 per share to $17 per share on Navient Corporation. The rating by the firm was issued on February 24, 2016.
Navient Corporation (NASDAQ:NAVI): stock turned positive on Thursday. Though the stock opened at $12.3, the bulls momentum made the stock top out at $12.49 level for the day. The stock recorded a low of $12.3 and closed the trading day at $12.35, in the green by 2.32%. The total traded volume for the day was 4,183,989. The stock had closed at $12.07 in the previous days trading.
The company shares have dropped -34.95% from its 1 Year high price. On Jul 7, 2015, the shares registered one year high at $19.00 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $12.87 and the 200 Day Moving Average price is recorded at $11.64. On the companys insider trading activities, Remondi John F, CEO of Navient Corp, had purchased 80,000 shares on February 8, 2016. The total value of the transaction was $703,200. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.
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.