Barclays Keeps Their Sell Rating on Navient (NAVI)

In a report released today, Terry Ma from Barclays maintained a Sell rating on Navient (NAVI – Research Report), with a price target of $11.00. The company’s shares closed yesterday at $16.09.

Ma covers the Financial sector, focusing on stocks such as American Express, Discover Financial Services, and Synchrony Financial. According to TipRanks, Ma has an average return of 3.2% and a 66.13% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Navient with a $16.14 average price target.

NAVI market cap is currently $1.87B and has a P/E ratio of 8.96.

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Navient (NAVI) Company Description:

Navient Corp. engages in the provision of asset management and business processing solutions for education, healthcare, and government clients at the federal, state, and local levels. It operates through the following segments: Federal Family Education Loan Program (FFELP) Loans, Private Education Loans, Business Services, and Other. The FFELP Loans segment acquires FFELP loan portfolios which are insured or guaranteed by state or not-for-profit agencies. The Private Education Loans segment acquires, finances, and services private education and private education refinance loans through Earnest. The Business Services segment includes business processing services related to servicing, asset recovery, and other business processing activities. The Other segment consists of repurchase of debt, corporate liquidity portfolio, unallocated overhead, restructuring and other reorganization expenses, regulatory-related costs, and the deferred tax asset re-measurement loss. The company was founded on November 7, 2013 and is headquartered in Wilmington, DE.