Navient Corp Receives Average Rating of “Buy” from Brokerages (NASDAQ:NAVI)
Navient Corp (NASDAQ:NAVI) has been given a consensus rating of “Buy” by the eight brokerages that are covering the stock, American Banking News.com reports. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $18.00.
NAVI has been the subject of a number of recent research reports. Analysts at Janney Montgomery Scott initiated coverage on shares of Navient Corp in a research note on Tuesday. They set a “buy” rating and a $18.00 price target on the stock. Separately, analysts at Buckingham Research initiated coverage on shares of Navient Corp in a research note on Tuesday, May 13th. They set a “buy” rating on the stock. Finally, analysts at Buckingham Research initiated coverage on shares of Navient Corp in a research note on Tuesday, May 13th. They set a “buy” rating on the stock.
Shares of Navient Corp (NASDAQ:NAVI) traded up 0.47% on Tuesday, hitting $16.095. The stock had a trading volume of 1,428,115 shares. Navient Corp has a 52-week low of $15.00 and a 52-week high of $17.38. The stock has a 50-day moving average of $16.47 and a 200-day moving average of $16.47. The company has a market cap of $6.805 billion and a P/E ratio of 5.56.
Navient Corporation holds the portfolio of education loans insured or guaranteed under the Federal Family Education Loan Program (NASDAQ:NAVI), as well as the portfolio of private education loans (Private Education Loans).
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