Barclays analyst Terry Ma maintains $Navient (NAVI.US)$ with a sell rating, and adjusts the target price from $10 to $11.
According to TipRanks data, the analyst has a success rate of 53.2% and a total average return of 1.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Navient (NAVI.US)$'s main analysts recently are as follows:
The 30-year mortgage rate has decreased 74 basis points since Q2, leading to a 90% increase in refinance applications compared to last year. There is a maintained preference for balanced business models, yet the outlook is acknowledged as 'incrementally more positive.'
Consumer finance stocks have surpassed expectations, exhibiting an average total return of 18% since the beginning of the year. This performance is largely attributed to the expansion of multiples instead of positive adjustments to earnings forecasts. Given the current environment, it's suggested that investors should consider taking profits strategically. Although the future outlook remains unclear yet even, there is a perception that markets are overestimating the likelihood of neutral or positive outcomes and underestimating the potential for negative or riskier scenarios.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
