SLM (NASDAQ:SLM) Downgraded by ValuEngine to Sell

SLM (NASDAQ:SLM) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Wednesday, ValuEngine reports.

Other equities analysts have also recently issued research reports about the stock. Credit Suisse Group reaffirmed a “buy” rating and set a $14.50 price objective on shares of SLM in a research note on Thursday, February 13th. TheStreet raised shares of SLM from a “c+” rating to a “b-” rating in a research note on Wednesday, February 5th. Citigroup boosted their price objective on shares of SLM from $11.00 to $14.00 and gave the company a “buy” rating in a research note on Friday, January 24th. BidaskClub cut shares of SLM from a “hold” rating to a “sell” rating in a research note on Friday, March 13th. Finally, Wedbush reaffirmed an “outperform” rating and set a $13.00 price objective on shares of SLM in a research note on Thursday, January 23rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $13.90.

NASDAQ SLM opened at $7.75 on Wednesday. The company’s 50 day moving average is $9.93 and its 200-day moving average is $9.25. SLM has a 12-month low of $5.60 and a 12-month high of $12.32. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.50. The firm has a market cap of $3.28 billion, a P/E ratio of 5.96, a price-to-earnings-growth ratio of 0.34 and a beta of 1.30.

SLM (NASDAQ:SLM) last posted its quarterly earnings results on Wednesday, January 22nd. The credit services provider reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. The company had revenue of $419.10 million for the quarter, compared to analyst estimates of $411.71 million. SLM had a net margin of 24.30% and a return on equity of 20.27%. During the same quarter in the previous year, the firm posted $0.31 earnings per share. Equities analysts expect that SLM will post 1.88 EPS for the current year.

In other SLM news, Director Earl A. Goode sold 7,323 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $11.24, for a total value of $82,310.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.45% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in SLM. Voya Financial Advisors Inc. lifted its holdings in shares of SLM by 6.7% in the 3rd quarter. Voya Financial Advisors Inc. now owns 23,214 shares of the credit services provider’s stock worth $209,000 after acquiring an additional 1,453 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of SLM by 1.8% in the 4th quarter. ProShare Advisors LLC now owns 83,614 shares of the credit services provider’s stock worth $745,000 after acquiring an additional 1,498 shares during the last quarter. Advisor Group Inc. lifted its holdings in shares of SLM by 40.7% in the 4th quarter. Advisor Group Inc. now owns 6,449 shares of the credit services provider’s stock worth $58,000 after acquiring an additional 1,864 shares during the last quarter. Penserra Capital Management LLC lifted its holdings in shares of SLM by 15.8% in the 4th quarter. Penserra Capital Management LLC now owns 16,808 shares of the credit services provider’s stock worth $180,000 after acquiring an additional 2,297 shares during the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of SLM in the 4th quarter worth approximately $25,000. 96.96% of the stock is owned by institutional investors and hedge funds.

About SLM

SLM Corporation, through 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 or their families. It also offers retail deposit accounts, including certificates of deposit, money market deposit accounts, and high yield savings accounts; omnibus accounts; and a consumer savings network that provides financial rewards on everyday purchases to help families save for college.

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Analyst Recommendations for SLM (NASDAQ:SLM)

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