SLM Corp Rating Increased to Buy at Janney Montgomery Scott (SLM)
SLM Corp (NYSE:SLM) was upgraded by investment analysts at Janney Montgomery Scott from a “neutral” rating to a “buy” rating in a note issued to investors on Thursday, TheFlyOnTheWall.com reports. The firm currently has a $10.00 price target on the stock. Janney Montgomery Scott’s target price would indicate a potential upside of 11.98% from the company’s current price.
A number of other analysts have also recently weighed in on SLM. Analysts at Burke & Quick initiated coverage on shares of SLM Corp in a research note on Thursday, July 10th. They set a “market outperform” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of SLM Corp in a research note on Thursday, June 26th. They now have a $8.75 price target on the stock. Finally, analysts at Portales Partners downgraded shares of SLM Corp to a “sector perform” rating in a research note on Wednesday, June 11th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $12.78.
Shares of SLM Corp (NYSE:SLM) traded up 0.79% on Thursday, hitting $8.93. 7,018,682 shares of the company’s stock traded hands. SLM Corp has a 1-year low of $7.5339 and a 1-year high of $9.7713. The stock’s 50-day moving average is $8. and its 200-day moving average is $8.69. The company has a market cap of $3.775 billion and a price-to-earnings ratio of 19.01.
SLM Corp (NYSE:SLM) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. During the same quarter in the previous year, the company posted $0.10 earnings per share. On average, analysts predict that SLM Corp will post $0.44 earnings per share for the current fiscal year.
SLM Corporation (NYSE:SLM) is a holding company.
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