SLM Corp (NASDAQ:SLM) Receives Consensus Rating of “Hold” from Brokerages

SLM Corp (NASDAQ:SLM) has earned a consensus rating of “Hold” from the ten research firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $13.40.

SLM has been the topic of several recent analyst reports. ValuEngine raised SLM from a “strong sell” rating to a “sell” rating in a report on Friday, September 20th. Compass Point cut SLM from a “buy” rating to a “neutral” rating in a report on Friday, July 26th. BMO Capital Markets set a $16.00 target price 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, BidaskClub cut SLM from a “hold” rating to a “sell” rating in a report on Friday, October 4th.

Shares of NASDAQ SLM opened at $8.54 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.80. The stock has a 50 day simple moving average of $8.79 and a 200-day simple moving average of $9.41. The company has a market cap of $3.50 billion, a PE ratio of 7.98, a P/E/G ratio of 0.50 and a beta of 1.45. SLM has a 12-month low of $7.76 and a 12-month high of $11.53.

SLM (NASDAQ:SLM) last announced its earnings results on Wednesday, July 24th. The credit services provider reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analysts’ expectations of $401.69 million. During the same quarter in the previous year, the company earned $0.25 earnings per share. Sell-side analysts forecast that SLM will post 1.23 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the stock. HM Payson & Co. bought a new position in shares of SLM in the second quarter valued at $46,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of SLM in the second quarter valued at $49,000. Doyle Wealth Management bought a new position in shares of SLM in the second quarter valued at $51,000. SRS Capital Advisors Inc. bought a new position in shares of SLM in the second quarter valued at $53,000. Finally, Qube Research & Technologies Ltd bought a new position in shares of SLM in the second quarter valued at $106,000. 98.46% of the stock is currently owned by hedge funds and other institutional investors.

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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Analyst Recommendations for SLM (NASDAQ:SLM)

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