SLM Corporation (NASDAQ: SLM) recently received a number of ratings updates from brokerages and research firms:

  • 11/2/2017 – SLM Corporation was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 10/20/2017 – SLM Corporation was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 10/19/2017 – SLM Corporation was given a new $13.00 price target on by analysts at FBR & Co. They now have a “buy” rating on the stock.
  • 10/16/2017 – SLM Corporation is now covered by analysts at Citigroup Inc.. They set a “buy” rating and a $16.00 price target on the stock.
  • 10/13/2017 – SLM Corporation was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 10/12/2017 – SLM Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. It has surpassed the Zacks Consensus Estimate for earnings in two of the trailing four quarters. The company’s focus on strengthening its Private Education Loan assets and revenues along with maintaining a strong capital position bode well for the long term. Also, the economic recovery and declining unemployment rate should help it maintain its leading position in the student lending market. However, a competitive business environment and consistently increasing expenses remain near-term concerns. Further, Sallie Mae faces concentration risk due to over dependence on brokered deposits. Also, stretched valuation indicates limited upside potential in the stock.”
  • 10/6/2017 – SLM Corporation had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $12.00 price target on the stock.
  • 9/28/2017 – SLM Corporation was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 9/21/2017 – SLM Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. It has surpassed the Zacks Consensus Estimate for earnings in two of the trailing four quarters. The company’s focus on strengthening its Private Education Loan assets and revenues along with maintaining a strong capital position bode well for the long term. Also, the economic recovery and declining unemployment rate should help it maintain its leading position in the student lending market. However, a competitive business environment and consistently increasing expenses remain near-term concerns. Further, Sallie Mae faces concentration risk due to over dependence on brokered deposits.”
  • 9/19/2017 – SLM Corporation had its “buy” rating reaffirmed by analysts at FBR & Co. They now have a $13.00 price target on the stock.
  • 9/14/2017 – SLM Corporation had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $14.50 price target on the stock.
  • 9/6/2017 – SLM Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Shares of Sallie Mae have underperformed the industry over the past six months. Yet, the company has an impressive earnings surprise history. It hasn’t missed the Zacks Consensus Estimate for earnings in any of the trailing four quarters. The company’s focus on strengthening its Private Education Loan assets and revenues along with maintaining a strong capital position bode well for the long term. Also, the economic recovery and declining unemployment rate should help it maintain its leading position in the student lending market. However, a competitive business environment and consistently increasing expenses remain near-term concerns. Further, Sallie Mae faces concentration risk due to over dependence on brokered deposits.”

Shares of SLM Corporation (SLM) traded down $0.06 during mid-day trading on Friday, hitting $10.42. The stock had a trading volume of 1,840,272 shares, compared to its average volume of 3,220,229. The company has a market cap of $4,534.84, a price-to-earnings ratio of 15.22 and a beta of 1.32.

SLM Corporation (NASDAQ:SLM) last announced its quarterly earnings data on Wednesday, October 18th. The credit services provider reported $0.17 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.17. SLM Corporation had a return on equity of 16.63% and a net margin of 22.95%. The firm had revenue of $282.06 million for the quarter, compared to analyst estimates of $282.02 million. During the same quarter in the prior year, the company posted $0.12 earnings per share. SLM Corporation’s quarterly revenue was up 26.3% on a year-over-year basis. sell-side analysts expect that SLM Corporation will post 0.72 earnings per share for the current fiscal year.

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.

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