Navient traded at $8.50 this Friday October 23rd, decreasing $0.36 or 4.06 percent since the previous trading session. Looking back, over the last four weeks, Navient lost 8.60 percent. Over the last 12 months, its price fell by 33.70 percent. Looking ahead, we forecast Navient to be priced at 8.32 by the end of this quarter and at 7.80 in one year, according to Trading Economics global macro models projections and analysts expectations.
Navient Corporation is a provider of education loan management and business processing solutions for education, healthcare, and Government clients at the federal, state, and local levels. The Company's segments include Federal Education Loans, Consumer Lending and Business Processing. In the Federal Education Loans segment, the Company owns Federal Family Education Loan Program (FFELP) loans and performs servicing and asset recovery services on this portfolio. In the Consumer Lending segment, the Company owns, originates, acquires and services private education loans. In the Business Processing segment, the Company provides state Governments, agencies, court systems, municipalities, and parking and tolling authorities with service that includes its integrated technology solutions and data-driven approach. This segment also offers healthcare services such as revenue cycle outsourcing, accounts receivable management, extended business office support, and public health programs.