Navient Corp Receives Consensus Recommendation of “Buy” from Brokerages (NASDAQ:NAVI)
Shares of Navient Corp (NASDAQ:NAVI) have received an average rating of “Buy” from the nine brokerages that are covering the stock, AnalystRatings.Net reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $18.00.
A number of research firms have recently commented on NAVI. Analysts at TheStreet downgraded shares of Navient Corp from a “hold” rating to a “sell” rating in a research note on Tuesday, June 3rd. Separately, analysts at Janney Montgomery Scott initiated coverage on shares of Navient Corp in a research note on Tuesday, May 20th. They set a “buy” rating and a $18.00 price target 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.
Navient Corp (NASDAQ:NAVI) remained flat at $17.61 during trading on Thursday. The stock had a trading volume of 77,482 shares. Navient Corp has a one year low of $15.00 and a one year high of $17.77. The stock has a 50-day moving average of $16.41 and a 200-day moving average of $16.51. The company has a market cap of $7.445 billion and a P/E ratio of 6.11.
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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