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Compass Point Sees Good Things Ahead For Navient Corp

By Insider Scoop
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Courtesy of Benzinga.

In a report published Monday, Compass Point analyst Michael Tarkan reiterated a Buy rating and $21.00 price target on Navient Corp (NASDAQ: NAVI).

In the report, Compass Point noted, “We reiterate our Buy rating on NAVI shares after analyzing updated credit data within the company’s private student loan trusts, which indicate continued YOY improvement in delinquency and default rates. The data captures statistics for trusts originated from 2002 through 2014 for the three months ended August 31, 2014, providing a good leading indicator for 3Q14 credit trends. The ongoing improvement should give management flexibility to continue to lower provision expenses to drive earnings higher.”

Navient Corp closed on Friday at $17.62.

Latest Ratings for NAVI

Date Firm Action From To
May 2014 Janney Capital Initiates Coverage on Buy
May 2014 Barclays Initiates Coverage on Equalweight
May 2014 Evercore Partners Initiates Coverage on Equal-weight

View More Analyst Ratings for NAVI
View the Latest Analyst Ratings

Posted-In: Compass Point Michael TarkanAnalyst Color Reiteration Analyst Ratings

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