SLM Corp. (SLM) Receives Consensus Recommendation of “Buy” from Analysts
Shares of SLM Corp. (NASDAQ:SLM) have received an average rating of “Buy” from the nine brokerages that are presently covering the firm. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $8.85.
Several research firms have recently weighed in on SLM. Goldman Sachs Group Inc. reissued a “buy” rating and set a $9.00 price target on shares of SLM Corp. in a report on Wednesday, August 10th. Vetr raised SLM Corp. from a “buy” rating to a “strong-buy” rating and set a $8.62 price target on the stock in a report on Wednesday, July 20th. TheStreet raised SLM Corp. from a “hold” rating to a “buy” rating in a report on Monday, August 1st. Zacks Investment Research raised SLM Corp. from a “hold” rating to a “buy” rating and set a $8.00 target price on the stock in a report on Monday, July 25th. Finally, Citigroup Inc. assumed coverage on SLM Corp. in a report on Thursday, July 14th. They issued a “buy” rating and a $8.50 target price on the stock.
Shares of SLM Corp. (NASDAQ:SLM) traded up 1.0650% during trading on Friday, hitting $7.1554. The stock had a trading volume of 1,582,343 shares. The stock’s 50-day moving average price is $7.37 and its 200 day moving average price is $6.87. The firm has a market capitalization of $3.06 billion, a P/E ratio of 13.0098 and a beta of 1.06. SLM Corp. has a 1-year low of $5.09 and a 1-year high of $7.64.
SLM Corp. (NASDAQ:SLM) last released its quarterly earnings results on Wednesday, July 20th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. The firm had revenue of $212.76 million for the quarter, compared to analysts’ expectations of $216.48 million. SLM Corp. had a return on equity of 16.85% and a net margin of 24.53%. The company’s revenue was up 26.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.20 EPS. On average, analysts anticipate that SLM Corp. will post $0.52 earnings per share for the current year.
Large investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its stake in SLM Corp. by 11.6% in the second quarter. Bank of New York Mellon Corp now owns 44,688,632 shares of the company’s stock worth $276,176,000 after buying an additional 4,659,355 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in SLM Corp. by 61.8% in the second quarter. Dimensional Fund Advisors LP now owns 5,733,872 shares of the company’s stock worth $35,434,000 after buying an additional 2,189,157 shares in the last quarter. Royal Bank of Canada boosted its stake in SLM Corp. by 2,293.4% in the first quarter. Royal Bank of Canada now owns 2,275,832 shares of the company’s stock worth $14,474,000 after buying an additional 2,180,745 shares in the last quarter. Boston Partners boosted its stake in SLM Corp. by 8.8% in the second quarter. Boston Partners now owns 21,950,337 shares of the company’s stock worth $135,653,000 after buying an additional 1,778,223 shares in the last quarter. Finally, Emerald Acquisition Ltd. acquired a new stake in SLM Corp. during the second quarter worth approximately $9,656,000.
About SLM Corp.
SLM Corporation (Sallie Mae) is the nation’s saving, planning, and paying for college company. Sallie Mae offers products, which promote personal finance including private education loans, Upromise rewards, scholarship search, college financial planning tools, insurance, and online retail banking.
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