Navient Corp Reaches New 1-Year High at $17.98 (NAVI)
Navient Corp (NASDAQ:NAVI) reached a new 52-week high during trading on Monday , Analyst Ratings.Net reports. The stock traded as high as $17.98 and last traded at $17.68, with a volume of 661,802 shares changing hands. The stock had previously closed at $17.84.
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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $18.00.
The stock’s 50-day moving average is $16.4 and its 200-day moving average is $16.56. The company has a market cap of $7.487 billion and a P/E ratio of 6.19.
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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