SLM (SLM) Earns “Buy” Rating from Jefferies Group

Jefferies Group reissued their buy rating on shares of SLM (NASDAQ:SLM) in a research note released on Thursday morning. They currently have a $16.00 price target on the credit services provider’s stock. Jefferies Group also issued estimates for SLM’s Q1 2018 earnings at $0.26 EPS, Q2 2018 earnings at $0.24 EPS, Q3 2018 earnings at $0.24 EPS, Q4 2018 earnings at $0.26 EPS and FY2018 earnings at $1.01 EPS.

Other analysts also recently issued research reports about the company. FBR & Co set a $13.00 target price on SLM and gave the company a buy rating in a research report on Thursday, October 19th. BidaskClub raised SLM from a strong sell rating to a sell rating in a research report on Friday, October 20th. Citigroup assumed coverage on SLM in a research report on Monday, October 16th. They issued a buy rating and a $16.00 target price on the stock. Zacks Investment Research raised SLM from a sell rating to a hold rating in a research report on Wednesday, December 20th. Finally, Oppenheimer assumed coverage on SLM in a research report on Monday, January 8th. They issued an outperform rating and a $17.00 target price on the stock. Two research analysts have rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $14.44.

Shares of SLM (NASDAQ:SLM) traded down $0.23 during trading on Thursday, hitting $11.71. The stock had a trading volume of 3,930,000 shares, compared to its average volume of 3,818,544. The company has a market capitalization of $5,060.00, a price-to-earnings ratio of 17.48, a price-to-earnings-growth ratio of 0.56 and a beta of 1.32. SLM has a 12 month low of $9.65 and a 12 month high of $13.20. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.35.

SLM (NASDAQ:SLM) last issued its quarterly earnings results on Wednesday, October 18th. The credit services provider reported $0.17 EPS for the quarter, meeting analysts’ consensus estimates of $0.17. The company had revenue of $282.06 million for the quarter, compared to analyst estimates of $282.02 million. SLM had a return on equity of 16.63% and a net margin of 22.95%. The company’s quarterly revenue was up 26.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.12 earnings per share. analysts expect that SLM will post 0.72 earnings per share for the current fiscal year.

In other SLM news, CEO Raymond J. Quinlan sold 200,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $11.52, for a total transaction of $2,304,000.00. Following the transaction, the chief executive officer now owns 1,080,133 shares of the company’s stock, valued at $12,443,132.16. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Jonathan Boyles sold 2,776 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $11.65, for a total value of $32,340.40. Following the transaction, the senior vice president now directly owns 173,728 shares in the company, valued at approximately $2,023,931.20. The disclosure for this sale can be found here. 0.59% of the stock is owned by insiders.

Several large investors have recently modified their holdings of SLM. Rhumbline Advisers boosted its holdings in shares of SLM by 16.9% during the third quarter. Rhumbline Advisers now owns 909,428 shares of the credit services provider’s stock worth $10,431,000 after acquiring an additional 131,348 shares during the period. Nationwide Fund Advisors boosted its holdings in shares of SLM by 9.0% during the second quarter. Nationwide Fund Advisors now owns 1,442,598 shares of the credit services provider’s stock worth $16,590,000 after acquiring an additional 119,024 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of SLM during the third quarter worth approximately $1,248,000. Crossmark Global Holdings Inc. bought a new stake in shares of SLM during the third quarter worth approximately $666,000. Finally, SG Americas Securities LLC boosted its holdings in shares of SLM by 26.0% during the third quarter. SG Americas Securities LLC now owns 170,874 shares of the credit services provider’s stock worth $1,960,000 after acquiring an additional 35,305 shares during the period. Institutional investors own 99.24% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally posted by Week Herald and is the sole property of of Week Herald. If you are reading this piece of content on another domain, it was stolen and republished in violation of United States & international trademark & copyright law. The legal version of this piece of content can be read at https://weekherald.com/2018/01/16/slm-slm-earns-buy-rating-from-jefferies-group.html.

About SLM

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 (NASDAQ:SLM)

Receive News & Ratings for SLM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SLM and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply