The SLM Corp. (SLM) Receives Consensus Recommendation of “Buy” from Analysts

The SLM Corp. (SLM) Receives Consensus Recommendation of “Buy” from Analysts

Shares of SLM Corp. (NASDAQ:SLM) have received an average recommendation of “Buy” from the nine analysts that are presently covering the firm. One investment analyst has rated the stock with a hold recommendation, six have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $8.85.

SLM has been the subject of a number of analyst reports. Vetr upgraded shares of SLM Corp. from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 17th. Goldman Sachs Group Inc. upgraded shares of SLM Corp. from a “buy” rating to a “conviction-buy” rating in a research 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 target for the company in a research report on Monday, July 25th. Compass Point upped their price target on shares of SLM Corp. from $8.50 to $9.00 and gave the stock a “buy” rating in a research report on Thursday, July 21st. Finally, TheStreet downgraded shares of SLM Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, September 6th.

SLM Corp. (NASDAQ:SLM) traded up 1.0650% on Friday, reaching $7.1554. The company had a trading volume of 1,582,343 shares. The company’s 50-day moving average price is $7.37 and its 200 day moving average price is $6.87. SLM Corp. has a 1-year low of $5.09 and a 1-year high of $7.64. 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. (NASDAQ:SLM) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The business earned $212.76 million during the quarter, compared to the consensus estimate of $216.48 million. SLM Corp. had a net margin of 24.53% and a return on equity of 16.85%. The company’s revenue was up 26.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.20 earnings per share. On average, equities analysts forecast that SLM Corp. will post $0.52 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Genesee Valley Trust Co. increased its stake 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. Jane Street Group LLC acquired a new stake in SLM Corp. during the second quarter worth approximately $117,000. Princeton Alpha Management LP acquired a new stake in SLM Corp. during the second quarter worth approximately $131,000. LMR Partners LLP acquired a new stake in SLM Corp. during the second quarter worth approximately $136,000. Finally, LS Investment Advisors LLC increased its stake in 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.

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