The stock of Navient Corp (NASDAQ:NAVI) hit a new 52-week high and has $20.04 target or 28.00% above today’s $15.66 share price. The 9 months bullish chart indicates low risk for the $4.71B company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $20.04 price target is reached, the company will be worth $1.32B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 4.88M shares traded hands or 45.24% up from the average. Navient Corp (NASDAQ:NAVI) has risen 16.03% since April 7, 2016 and is uptrending. It has outperformed by 11.25% the S&P500.
Navient Corp (NASDAQ:NAVI) Ratings Coverage
Out of 7 analysts covering Navient Corporation (NASDAQ:NAVI), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. Navient Corporation has been the topic of 9 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of Navient Corp (NASDAQ:NAVI) earned “Outperform” rating by Credit Suisse on Wednesday, February 24. The rating was initiated by JP Morgan on Monday, November 30 with “Overweight”. The firm has “Buy” rating given on Thursday, October 8 by Goldman Sachs. Wood maintained Navient Corp (NASDAQ:NAVI) rating on Monday, August 31. Wood has “Outperform” rating and $20 price target. Goldman Sachs downgraded Navient Corp (NASDAQ:NAVI) on Thursday, July 21 to “Neutral” rating.
According to Zacks Investment Research, “Navient Corporation offers a variety of loan management, servicing and asset recovery services to clients in higher education, and federal, state, and local governments. The Company operates in four segments: Consumer Lending, Business Services, FFELP Loans and Other. The Company acts as a servicer for Department of Education and FFELP loans as well as private student loans. Navient Corporation is based in United States.”
Insitutional Activity: The institutional sentiment increased to 0.93 in 2016 Q2. Its up 0.19, from 0.74 in 2016Q1. The ratio is positive, as 33 funds sold all Navient Corp shares owned while 127 reduced positions. 45 funds bought stakes while 104 increased positions. They now own 297.11 million shares or 7.13% more from 277.33 million shares in 2016Q1.
Barclays Public Ltd Liability Company holds 0.01% or 764,691 shares in its portfolio. Fjarde Ap has invested 0.02% of its portfolio in Navient Corp (NASDAQ:NAVI). Lmr Limited Liability Partnership holds 40,458 shares or 0.07% of its portfolio. Rafferty Asset Lc has 0.03% invested in the company for 35,449 shares. Heritage Investors Mngmt has 214,326 shares for 0.19% of their US portfolio. Jpmorgan Chase And last reported 0.01% of its portfolio in the stock. Huntington Bank holds 35 shares or 0% of its portfolio. Ontario Teachers Pension Plan Board owns 48,165 shares or 0.01% of their US portfolio. The Ohio-based Victory Mgmt has invested 0% in Navient Corp (NASDAQ:NAVI). Argi Inv Ser Ltd Limited Liability Company last reported 0.1% of its portfolio in the stock. The Illinois-based Balasa Dinverno & Foltz Llc has invested 0.02% in Navient Corp (NASDAQ:NAVI). Toronto Dominion Natl Bank holds 1,885 shares or 0% of its portfolio. Private Advisor Gp Llc has 11,303 shares for 0.01% of their US portfolio. Pine River Cap Management Ltd Partnership accumulated 0.01% or 53,433 shares. Moreover, Trexquant Inv Limited Partnership has 0.02% invested in Navient Corp (NASDAQ:NAVI) for 11,700 shares.
Another recent and important Navient Corp (NASDAQ:NAVI) news was published by Forbes.com which published an article titled: “Navient is Oversold” on October 21, 2016.
NAVI Company Profile
Navient Corporation, incorporated on November 7, 2013, is a loan management, servicing and asset recovery company. The Firm 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 or not-for-profit agencies 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’s divisions include FFELP Loans, Private Education Loans, Business Services and Other. The Firm services its own portfolio of education loans, as well as those owned by banks, credit unions, other financial institutions, non-profit education lenders and ED. In addition, it provides business processing services on behalf of municipalities, public authorities and hospitals.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.