Zacks Investment Research upgraded Navient Corp (NASDAQ:NAVI) to Hold in a report released today.

Just yesterday Navient Corp (NASDAQ:NAVI) traded 0.18% higher at $16.70. Navient Corp’s 50-day moving average is $16.74 and its 200-day moving average is $14.37. The last stock price is up 15.93% from the 200-day moving average, compared to the Standard & Poor’s 500 Index which has decreased -0.04% over the same time period. 990,467 shares of NAVI traded hands, down from an average trading volume of 3,651,220

Zacks Investment Research has upgraded Navient Corp (NASDAQ:NAVI) to Hold in a report released on 12/13/2016.

Recent Performance Chart

Navient Corp (NASDAQ:NAVI)

Navient Corp has 52 week low of $8.20 and a 52 week high of $17.95 with a PE ratio of 6.84 and has a market capitalization of $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 7 brokerages have issued a ratings update on the company. The average stock price target is $15.93 with 0 brokerages rating the stock a strong buy, 5 brokerages rating the stock a buy, 2 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages 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.

[SOURCE:-Breaking Finance news]

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