Navient Corporation (NAVI) : Zacks Investment Research ranks Navient Corporation (NAVI) as 4, which is a Sell recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 3 research analysts is 2, which indicates as a Buy.
Navient Corporation (NAVI) : Currently there are 2 street experts covering Navient Corporation (NAVI) stock. The most bullish and bearish price target for the stock is $19 and $13 respectively for the short term. The average price target of all the analysts comes to $16. The estimated standard deviation from the target is $4.24.
Also, Equity analysts at the Brokerage firm Goldman Sachs downgrades its rating on Navient Corporation (NASDAQ:NAVI). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on July 21, 2016.
Navient Corporation (NASDAQ:NAVI): After opening at $13.56, the stock dipped to an intraday low of $13.49 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $13.97 and the buying power remained strong till the end. The stock closed at $13.83 for the day, a gain of 1.99% for the day session. The total traded volume was 2,727,145. The stocks close on the previous trading day was $13.56.
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.