Analyst Favorites With Strong Buyback Activity: Navient Corp Ranks As a Top Pick

Shutterstock photo

A study of analyst recommendations at the major brokerages shows that Navient Corp (Symbol: NAVI) is the #84 broker analyst pick among those stocks screened by The Online Investor for strong stock buyback activity. To make that list, a stock must have repurchased at least 5% of its outstanding shares over the trailing twelve month period. In forming the rank, the analyst opinions from the major brokerage houses were tallied, and averaged; then, the list of stocks with strong buyback activity was ranked according to those averages.

According to the ETF Finder at ETF Channel, NAVI makes up 1.51% of the Guggenheim S&P 500 Equal Weight Financials ETF ( RYF ) which is trading higher by about 2.2% on the day Monday.

NAVI operates in the Credit Services & Lending sector, among companies like American Express Co. ( AXP ) which is up about 2.5% today, and S&P Global Inc ( SPGI ) trading higher by about 2%. Below is a three month price history chart comparing the stock performance of NAVI, versus AXP and SPGI.

NAVI,AXP,SPGI Relative Performance Chart

NAVI is currently trading up about 1.8% midday Monday.

Top Analyst Picks With Strong Stock Buyback Activity ┬╗

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing
Referenced Symbols: RYF , AXP , SPGI , NAVI

More from BNK Invest


BNK Invest

BNK Invest

Market News, Investing

Research Brokers before you trade

Want to trade FX?