SLM Corp. (SLM) Receives $9.30 Consensus Price Target from Analysts
SLM Corp. (NASDAQ:SLM) has received an average recommendation of “Buy” from the ten analysts that are currently covering the stock. One investment analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $9.30.
A number of equities research analysts have issued reports on SLM shares. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a $9.00 target price on shares of SLM Corp. in a research note on Wednesday, August 10th. TheStreet upgraded SLM Corp. from a “hold” rating to a “buy” rating in a research note on Monday, August 1st. Finally, Barclays PLC reiterated a “buy” rating and issued a $12.00 target price on shares of SLM Corp. in a research note on Monday, November 21st.
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Shares of SLM Corp. (NASDAQ:SLM) opened at 9.75 on Monday. The firm has a market capitalization of $4.18 billion, a PE ratio of 16.81 and a beta of 1.11. The company has a 50-day moving average of $7.91 and a 200-day moving average of $7.18. SLM Corp. has a 52 week low of $5.09 and a 52 week high of $9.83.
SLM Corp. (NASDAQ:SLM) last released its quarterly earnings data on Wednesday, October 19th. The company reported $0.12 EPS for the quarter, hitting analysts’ consensus estimates of $0.12. The firm earned $223 million during the quarter, compared to the consensus estimate of $931.19 million. SLM Corp. had a net margin of 23.86% and a return on equity of 16.80%. The firm’s revenue was up 27.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.09 earnings per share. On average, equities analysts forecast that SLM Corp. will post $0.52 earnings per share for the current fiscal year.
In related news, Director Earl A. Goode acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 3rd. The shares were acquired at an average cost of $7.03 per share, for a total transaction of $70,300.00. Following the completion of the purchase, the director now directly owns 73,084 shares in the company, valued at $513,780.52. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.98% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SLM. Hartford Investment Management Co. purchased a new position in SLM Corp. during the third quarter worth about $104,000. Genesee Valley Trust Co. raised its position in SLM Corp. by 2.5% in the second quarter. Genesee Valley Trust Co. now owns 16,945 shares of the company’s stock worth $105,000 after buying an additional 408 shares during the last quarter. Two Sigma Securities LLC purchased a new position in SLM Corp. during the third quarter worth about $111,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in SLM Corp. by 12.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,973 shares of the company’s stock worth $112,000 after buying an additional 1,706 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in SLM Corp. during the second quarter worth about $117,000. 99.15% of the stock is currently owned by hedge funds and other institutional investors.
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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