SLM (NASDAQ:SLM) has been assigned a $13.00 target price by equities research analysts at Oppenheimer in a research note issued on Sunday. The firm currently has a “buy” rating on the credit services provider’s stock. Oppenheimer’s price objective suggests a potential upside of 24.40% from the stock’s current price.
A number of other research firms have also commented on SLM. Zacks Investment Research raised SLM from a “sell” rating to a “hold” rating in a research report on Tuesday, September 11th. BidaskClub lowered SLM from a “hold” rating to a “sell” rating in a research report on Friday, September 28th. Finally, ValuEngine raised SLM from a “sell” rating to a “hold” rating in a research report on Friday, August 10th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $14.30.
NASDAQ SLM opened at $10.45 on Friday. SLM has a 1-year low of $9.65 and a 1-year high of $12.46. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.41 and a quick ratio of 1.41. The stock has a market capitalization of $4.57 billion, a PE ratio of 14.72, a P/E/G ratio of 0.53 and a beta of 1.21.
Several large investors have recently made changes to their positions in SLM. ValueAct Holdings L.P. grew its stake in shares of SLM by 408.2% in the 2nd quarter. ValueAct Holdings L.P. now owns 37,605,408 shares of the credit services provider’s stock worth $430,582,000 after buying an additional 30,205,408 shares during the last quarter. Sterling Capital Management LLC purchased a new stake in shares of SLM in the 3rd quarter worth approximately $48,549,000. FMR LLC grew its stake in shares of SLM by 14.3% in the 2nd quarter. FMR LLC now owns 28,205,593 shares of the credit services provider’s stock worth $322,954,000 after buying an additional 3,522,468 shares during the last quarter. Calamos Advisors LLC purchased a new stake in shares of SLM in the 2nd quarter worth approximately $39,040,000. Finally, CI Investments Inc. grew its stake in shares of SLM by 50.5% in the 3rd quarter. CI Investments Inc. now owns 6,769,300 shares of the credit services provider’s stock worth $75,478,000 after buying an additional 2,272,900 shares during the last quarter.
SLM Company Profile
SLM Corporation, together with its subsidiaries, operates as a saving, planning, and paying for college company in the United States. The company originates and services private education loans to students and their families. Its loan portfolio also includes federal family education loan program, personal, and other loans.
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