SLM Corporation (NASDAQ:SLM)‘s stock had its “outperform” rating restated by equities researchers at Wedbush in a research report issued to clients and investors on Thursday. They presently have a $14.50 target price on the credit services provider’s stock. Wedbush’s price objective suggests a potential upside of 33.83% from the company’s current price.

SLM has been the topic of a number of other research reports. Zacks Investment Research raised shares of SLM Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. FBR & Co reissued an “outperform” rating and set a $13.00 price objective (down previously from $14.00) on shares of SLM Corporation in a report on Thursday, July 20th. BidaskClub lowered shares of SLM Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Jefferies Group LLC reissued a “buy” rating and set a $15.00 price objective on shares of SLM Corporation in a report on Saturday, July 22nd. Finally, ValuEngine raised shares of SLM Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $12.88.

SLM Corporation (NASDAQ SLM) traded down 1.154% during mid-day trading on Thursday, hitting $10.705. 183,905 shares of the company’s stock were exchanged. The stock has a market capitalization of $4.62 billion, a P/E ratio of 17.266 and a beta of 1.22. SLM Corporation has a 52 week low of $6.93 and a 52 week high of $13.20. The firm has a 50 day moving average of $10.56 and a 200 day moving average of $11.28.

SLM Corporation (NASDAQ:SLM) last issued its quarterly earnings data on Wednesday, July 19th. The credit services provider reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. SLM Corporation had a net margin of 22.81% and a return on equity of 16.31%. The firm had revenue of $269.89 million for the quarter, compared to analyst estimates of $268.69 million. During the same quarter in the prior year, the firm earned $0.12 EPS. The company’s revenue was up 26.8% on a year-over-year basis. Equities analysts forecast that SLM Corporation will post $0.72 earnings per share for the current fiscal year.

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A number of institutional investors have recently added to or reduced their stakes in the business. Cadence Capital Management LLC lifted its position in SLM Corporation by 0.5% during the 1st quarter. Cadence Capital Management LLC now owns 15,538 shares of the credit services provider’s stock valued at $188,000 after purchasing an additional 81 shares during the period. Capstone Asset Management Co. lifted its position in SLM Corporation by 0.5% during the 2nd quarter. Capstone Asset Management Co. now owns 54,896 shares of the credit services provider’s stock valued at $631,000 after purchasing an additional 260 shares during the period. World Asset Management Inc lifted its position in SLM Corporation by 1.8% during the 1st quarter. World Asset Management Inc now owns 34,212 shares of the credit services provider’s stock valued at $414,000 after purchasing an additional 589 shares during the period. Teacher Retirement System of Texas lifted its position in SLM Corporation by 2.8% during the 1st quarter. Teacher Retirement System of Texas now owns 34,294 shares of the credit services provider’s stock valued at $415,000 after purchasing an additional 940 shares during the period. Finally, Advantus Capital Management Inc lifted its position in SLM Corporation by 3.2% during the 1st quarter. Advantus Capital Management Inc now owns 54,941 shares of the credit services provider’s stock valued at $665,000 after purchasing an additional 1,714 shares during the period. Institutional investors own 98.43% of the company’s stock.

SLM Corporation Company Profile

SLM Corporation (Sallie Mae) is the nation’s saving, planning, and paying for college company. Sallie Mae offers products, which promote personal finance including private education loans, Upromise rewards, scholarship search, college financial planning tools, insurance, and online retail banking.

Analyst Recommendations for SLM Corporation (NASDAQ:SLM)

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