SLM Corp. (NASDAQ:SLM) has earned an average recommendation of “Buy” from the nine brokerages that are covering the firm. One investment analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $8.85.
A number of equities research analysts have recently weighed in on the stock. Goldman Sachs Group Inc. upgraded shares of SLM Corp. from a “buy” rating to a “conviction-buy” rating in a report on Thursday, August 11th. Zacks Investment Research upgraded shares of SLM Corp. from a “hold” rating to a “buy” rating and set a $8.00 price objective for the company in a report on Monday, July 25th. Compass Point boosted their price objective on shares of SLM Corp. from $8.50 to $9.00 and gave the stock a “buy” rating in a report on Thursday, July 21st. TheStreet lowered shares of SLM Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, September 6th. Finally, Vetr upgraded shares of SLM Corp. from a “buy” rating to a “strong-buy” rating and set a $8.62 price objective for the company in a report on Wednesday, July 20th.
SLM Corp. (NASDAQ:SLM) opened at 7.20 on Friday. The company has a market capitalization of $3.08 billion, a price-to-earnings ratio of 13.09 and a beta of 1.06. SLM Corp. has a 52 week low of $5.09 and a 52 week high of $7.64. The company’s 50-day moving average is $7.37 and its 200 day moving average is $6.88.
SLM Corp. (NASDAQ:SLM) last announced its earnings results on Wednesday, July 20th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. SLM Corp. had a net margin of 24.53% and a return on equity of 16.85%. The business earned $212.76 million during the quarter, compared to analyst estimates of $216.48 million. During the same period in the previous year, the business posted $0.20 earnings per share. SLM Corp.’s revenue for the quarter was up 26.4% on a year-over-year basis. On average, analysts forecast that SLM Corp. will post $0.52 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Genesee Valley Trust Co. increased its position in shares of 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. Jane Street Group LLC bought a new position in shares of SLM Corp. during the second quarter worth about $117,000. Princeton Alpha Management LP bought a new position in shares of SLM Corp. during the second quarter worth about $131,000. LMR Partners LLP bought a new position in shares of SLM Corp. during the second quarter worth about $136,000. Finally, LS Investment Advisors LLC increased its position in shares of SLM Corp. by 75.2% in the second quarter. LS Investment Advisors LLC now owns 25,562 shares of the company’s stock worth $158,000 after buying an additional 10,970 shares during the last quarter.
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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