Price Action Report: Will Navient Corp Run Out of Steam Soon?

Price Action Report: Will Navient Corp Run Out of Steam Soon?

The stock of Navient Corp (NASDAQ:NAVI) hit a new 52-week high and has $28.74 target or 63.00% above today’s $17.63 share price. The 6 months bullish chart indicates low risk for the $5.32B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $28.74 price target is reached, the company will be worth $3.35B 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 784,993 shares traded hands. Navient Corp (NASDAQ:NAVI) has risen 36.06% since April 19, 2016 and is uptrending. It has outperformed by 32.20% 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. Goldman Sachs upgraded the shares of NAVI in a report on Thursday, October 8 to “Buy” rating. The stock of Navient Corp (NASDAQ:NAVI) earned “Overweight” rating by JP Morgan on Monday, November 30. Goldman Sachs downgraded the shares of NAVI in a report on Thursday, July 21 to “Neutral” rating. The stock of Navient Corp (NASDAQ:NAVI) has “Outperform” rating given on Monday, August 31 by Wood. Credit Suisse maintained it with “Outperform” rating and $17 target price in Wednesday, February 24 report.

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 decreased to 0.82 in 2016 Q2. Its down 0.11, from 0.93 in 2016Q1. The ratio turned negative, 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.
California State Teachers Retirement Systems owns 716,070 shares or 0.02% of their US portfolio. Deere accumulated 0.01% or 14,872 shares. Moreover, Hillsdale Mngmt has 0.01% invested in Navient Corp (NASDAQ:NAVI) for 3,600 shares. Bokf Na, a Oklahoma-based fund reported 129,497 shares. Quantitative Investment Mgmt holds 0.04% or 63,400 shares in its portfolio. Moreover, Canyon Capital Advsr Ltd Liability Corp has 0.98% invested in Navient Corp (NASDAQ:NAVI) for 2.05M shares. Tiaa Cref Invest Mngmt Limited Liability Company, a New York-based fund reported 1.80 million shares. Raymond James And Associate holds 0.02% or 439,958 shares in its portfolio. Spark Invest Mngmt Ltd Liability last reported 190,200 shares in the company. Carroll Fincl Assocs has 0% invested in the company for 1,000 shares. Guggenheim Llc has invested 0.1% of its portfolio in Navient Corp (NASDAQ:NAVI). Kahn Brothers De has 0% invested in the company for 185,091 shares. Janney Montgomery Scott Limited Liability Corporation last reported 0.06% of its portfolio in the stock. Bluecrest Ltd last reported 32,561 shares in the company. Commonwealth Fincl Bank Of Australia has invested 0.03% of its portfolio in Navient Corp (NASDAQ:NAVI).

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.

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