ValuEngine Downgrades SLM (NASDAQ:SLM) to Strong Sell

ValuEngine downgraded shares of SLM (NASDAQ:SLM) from a sell rating to a strong sell rating in a research note issued to investors on Thursday, ValuEngine reports.

Other research analysts have also issued research reports about the stock. Wedbush set a $13.00 price target on shares of SLM and gave the stock a buy rating in a report on Monday, April 22nd. BidaskClub upgraded shares of Zai Lab from a buy rating to a strong-buy rating in a report on Friday, June 28th. Zacks Investment Research lowered shares of Glu Mobile from a buy rating to a hold rating in a report on Tuesday, April 9th. Finally, Oppenheimer set a $14.00 price target on shares of SLM and gave the stock a buy rating in a report on Sunday, April 21st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. The company has an average rating of Hold and an average target price of $12.60.

NASDAQ:SLM opened at $9.62 on Thursday. The stock’s 50 day simple moving average is $9.61. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.69. SLM has a one year low of $7.95 and a one year high of $12.09. The firm has a market cap of $4.16 billion, a P/E ratio of 8.51, a PEG ratio of 0.42 and a beta of 1.39.

SLM (NASDAQ:SLM) last released its quarterly earnings results on Wednesday, April 17th. The credit services provider reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.04. SLM had a net margin of 25.77% and a return on equity of 20.28%. The firm had revenue of $402.28 million during the quarter, compared to analyst estimates of $384.70 million. During the same quarter last year, the business earned $0.28 EPS. The company’s revenue was up 20.9% compared to the same quarter last year. On average, equities analysts predict that SLM will post 1.26 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, September 6th will be issued a dividend of $0.03 per share. The ex-dividend date is Thursday, September 5th. This represents a $0.12 annualized dividend and a yield of 1.25%. SLM’s payout ratio is 11.21%.

Several large investors have recently added to or reduced their stakes in SLM. Campbell & CO Investment Adviser LLC boosted its holdings in SLM by 31.6% during the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 54,818 shares of the credit services provider’s stock worth $533,000 after acquiring an additional 13,164 shares during the last quarter. Amundi Pioneer Asset Management Inc. boosted its holdings in SLM by 49.1% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 169,597 shares of the credit services provider’s stock worth $1,680,000 after acquiring an additional 55,858 shares during the last quarter. First Trust Advisors LP boosted its holdings in SLM by 3.2% during the 1st quarter. First Trust Advisors LP now owns 496,117 shares of the credit services provider’s stock worth $4,917,000 after acquiring an additional 15,153 shares during the last quarter. Redwood Investment Management LLC boosted its holdings in SLM by 14.9% during the 1st quarter. Redwood Investment Management LLC now owns 100,016 shares of the credit services provider’s stock worth $991,000 after acquiring an additional 12,974 shares during the last quarter. Finally, Cleararc Capital Inc. purchased a new position in SLM during the 1st quarter worth $111,000.

About SLM

SLM Corporation, through its subsidiaries, operates as a saving, planning, and paying for college company in the United States. The company originates and services private education loans to students or their families. It also offers retail deposit accounts, including certificates of deposit, money market deposit accounts, and high yield savings accounts; omnibus accounts; and a consumer savings network that provides financial rewards on everyday purchases to help families save for college.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for SLM (NASDAQ:SLM)

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