Is SLM Corporation (NASDAQ:SLM) Preparing For A Breakout Trade?

Josh Kim
January 31, 2017

SLM Corporation (NASDAQ:SLM) now has mean rating of 1.60 while 4 analysts have commented the shares as "BUY", 5 recommended as "OUTPERFORM" and 1 commented as "HOLD". One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. Barclays PLC reissued a "buy" rating and issued a $12.00 target price on shares of SLM Corporation in a research report on Monday, November 21st.

SLM Corp (SLM) was Initiated by Wedbush to "Outperform" and the brokerage firm has set the Price Target at $13.

In addition to Wedbush reporting its stock price target, a total of 8 brokerages have issued a ratings update on the company. FBR & Co initiated coverage on shares of SLM Corporation in a research note on Friday, December 2nd. The firm had put out a Outperform rating.Previously, the coverage launch was announced by Citigroup on Jul 14, 2016, with a rating set to Buy.

This company has been competing with others in the Financial space and offers its own combination of interesting factors SLM Corporation (SLM) now trades with a market capitalization of $5.05 Billion.

Shares of SLM Corp (NASDAQ:SLM) declined -0.51% to $11.73. The firm has a SMA 50 (Simple Moving Average) of 9.46% and a SMA 200-(Simple Moving Average) of 48.75%. The Stock now has the market capitalization of $5.02 Billion, P/E (price to earnings ttm) of 22.09 and Weekly volatility of 2.34% and monthly volatility of 2.76% respectively. SLM Corporation has a one year low of $5.09 and a one year high of $11.65. Therefore, if SLM Corporation meet or beat analysts' forecasts of earnings, its earnings per share would see an increase of about 7.14%. That value represents a market adjusting for revenues that have been growing by 31.34 % on a quarterly year/year basis as of the company's last quarterly report. SLM Corporation had a net margin of 21.84% and a return on equity of 15.17%.

Many Analysts provided their foresight on Revenue Estimates of SLM Corporation where they believe that the company has the potential to earn average revenue of $258.67 Million for the current quarter. During the same quarter in the previous year, the company posted $0.20 EPS. For SLM, the company now has $1.92 Billion of cash on the books. If you are viewing this news story on another website, it was copied illegally and republished in violation of United States & worldwide copyright legislation. The original version of this news story can be viewed at https://www.com-unik.info/2017/01/30/slm-corporation-slm-given-consensus-recommendation-of-buy-by-analysts.html.

In related news, Director Earl A. Goode bought 10,000 shares of the company's stock in a transaction dated Thursday, November 3rd. The purchase was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.98% of the company's stock.

Several other institutional investors have also added to or reduced their stakes in the stock. IBM Retirement Fund now owns 43,024 shares of the company's stock worth $266,000 after buying an additional 195 shares in the last quarter. Nationwide Fund Advisors now owns 733,169 shares of the company's stock valued at $4,531,000 after buying an additional 30,527 shares during the period. Advantus Capital Management Inc boosted its position in shares of SLM Corporation by 0.5% in the third quarter. Following the acquisition, the director now owns 73,084 shares of the company's stock, valued at $513,780.52. Genesee Valley Trust Co. now owns 16,945 shares of the company's stock worth $105,000 after buying an additional 408 shares in the last quarter. Finally, Channing Capital Management LLC increased its stake in SLM Corporation by 5.7% in the second quarter.

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