A number of other research firms have also recently commented on SLM. ValuEngine raised SLM from a strong sell rating to a sell rating in a report on Friday, September 20th. BMO Capital Markets set a $16.00 price target on SLM and gave the stock a buy rating in a report on Friday, July 26th. Oppenheimer set a $12.00 price target on SLM and gave the stock a buy rating in a report on Friday, July 26th. TheStreet cut SLM from a b- rating to a c+ rating in a report on Thursday, August 29th. Finally, Compass Point cut SLM from a buy rating to a neutral rating in a report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. SLM currently has an average rating of Hold and an average price target of $12.83.
Shares of NASDAQ:SLM traded up $0.02 during trading on Wednesday, reaching $8.68. 38,341 shares of the company traded hands, compared to its average volume of 4,059,718. The company’s 50 day moving average is $8.83 and its two-hundred day moving average is $9.38. The firm has a market capitalization of $3.69 billion, a PE ratio of 8.11, a PEG ratio of 0.52 and a beta of 1.45. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.80. SLM has a 52 week low of $7.76 and a 52 week high of $11.53.
SLM (NASDAQ:SLM) last released its earnings results on Wednesday, July 24th. The credit services provider reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. SLM had a return on equity of 20.44% and a net margin of 26.18%. The firm had revenue of $396.87 million during the quarter, compared to the consensus estimate of $401.69 million. During the same period in the prior year, the company posted $0.25 EPS. As a group, research analysts anticipate that SLM will post 1.23 EPS for the current year.
Institutional investors and hedge funds have recently modified their holdings of the business. HM Payson & Co. acquired a new position in SLM in the 2nd quarter worth about $46,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in SLM in the 2nd quarter worth about $49,000. Doyle Wealth Management acquired a new position in SLM in the 2nd quarter worth about $51,000. SRS Capital Advisors Inc. acquired a new position in SLM in the 2nd quarter worth about $53,000. Finally, Qube Research & Technologies Ltd acquired a new position in SLM in the 2nd quarter worth about $106,000. 98.50% of the stock is owned by institutional investors and hedge funds.
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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