Recent Research Analysts’ Ratings Updates for SLM (SLM)

A number of firms have modified their ratings and price targets on shares of SLM (NASDAQ: SLM) recently:

  • 2/13/2019 – SLM was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 1/29/2019 – SLM had its “outperform” rating reaffirmed by analysts at Wedbush.
  • 1/28/2019 – SLM was upgraded by analysts at TheStreet from a “c+” rating to a “b-” rating.
  • 1/25/2019 – SLM was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating.
  • 1/24/2019 – SLM was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
  • 1/15/2019 – SLM was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $10.00 price target on the stock. According to Zacks, “Shares of Sallie Mae have underperformed the industry over the past six months. Yet, the company has a decent earnings surprise history, surpassing the Zacks Consensus Estimate for earnings in two of the trailing four quarters. Earnings estimates have remained stable ahead of the company's fourth quarter 2018 results. The company’s focus on developing relevant and innovative consumer lending products to deepen ties with existing customers and attract new loan originations, seems encouraging. Also, improving economy and declining unemployment rate bode well for the long-term growth of Sallie Mae. Though, persistent increase in expenses is a major near-term concern, the company’s strong capital position and funding capabilities remain key tailwinds.”
  • 1/10/2019 – SLM was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating.
  • 1/5/2019 – SLM was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 12/31/2018 – SLM had its “buy” rating reaffirmed by analysts at Zacks Investment Research. They now have a $9.00 price target on the stock. According to Zacks, “Shares of Sallie Mae have underperformed the industry over the past six months. Yet, the company has a decent earnings surprise history, surpassing the Zacks Consensus Estimate for earnings in two of the trailing four quarters. The company’s focus on developing relevant and innovative consumer lending products to deepen ties with existing customers and attract new loan originations, seems encouraging. Also, improving economy and declining unemployment rate bode well for the long-term growth of Sallie Mae. Though, persistent increase in expenses is a major near-term concern, the company’s strong capital position and funding capabilities remain key tailwinds.”
  • 12/25/2018 – SLM was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.

SLM stock traded up $0.19 during midday trading on Wednesday, hitting $11.27. The stock had a trading volume of 145,675 shares, compared to its average volume of 4,071,786. The firm has a market cap of $4.83 billion, a price-to-earnings ratio of 10.53, a PEG ratio of 0.44 and a beta of 1.50. The company has a quick ratio of 1.41, a current ratio of 0.21 and a debt-to-equity ratio of 1.67. SLM Corp has a 1-year low of $7.95 and a 1-year high of $12.46.

SLM (NASDAQ:SLM) last released its earnings results on Wednesday, January 23rd. The credit services provider reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.04. SLM had a net margin of 26.07% and a return on equity of 20.05%. The business had revenue of $382.87 million for the quarter, compared to analyst estimates of $367.40 million. During the same quarter in the previous year, the business earned $0.19 earnings per share. SLM’s revenue for the quarter was up 23.8% on a year-over-year basis. Research analysts expect that SLM Corp will post 1.25 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Tuesday, March 5th will be issued a dividend of $0.03 per share. The ex-dividend date is Monday, March 4th. This represents a $0.12 annualized dividend and a dividend yield of 1.06%.

Several hedge funds and other institutional investors have recently made changes to their positions in SLM. Sterling Capital Management LLC acquired a new position in shares of SLM during the third quarter valued at about $48,549,000. FMR LLC raised its holdings in shares of SLM by 14.3% during the second quarter. FMR LLC now owns 28,205,593 shares of the credit services provider’s stock valued at $322,954,000 after purchasing an additional 3,522,468 shares during the period. Bayview Asset Management LLC acquired a new position in shares of SLM during the fourth quarter valued at about $20,475,000. CI Investments Inc. raised its holdings in shares of SLM by 50.5% during the third quarter. CI Investments Inc. now owns 6,769,300 shares of the credit services provider’s stock valued at $75,478,000 after purchasing an additional 2,272,900 shares during the period. Finally, BlackRock Inc. raised its holdings in shares of SLM by 4.4% during the fourth quarter. BlackRock Inc. now owns 43,240,757 shares of the credit services provider’s stock valued at $359,332,000 after purchasing an additional 1,823,633 shares during the period.

SLM Corporation, together with 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 and their families. Its loan portfolio also includes federal family education loan program, personal, and other loans.

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