SLM (SLM) Lowered to C+ at TheStreet

SLM (NASDAQ:SLM) was downgraded by stock analysts at TheStreet from a “b” rating to a “c+” rating in a research report issued to clients and investors on Thursday.

A number of other research analysts have also issued reports on SLM. BidaskClub lowered SLM from a “hold” rating to a “sell” rating in a research report on Friday, September 28th. ValuEngine lowered SLM from a “hold” rating to a “sell” rating in a research report on Friday, September 28th. Zacks Investment Research lowered SLM from a “hold” rating to a “sell” rating in a research report on Wednesday, October 17th. Oppenheimer set a $13.00 price target on SLM and gave the stock a “buy” rating in a research report on Sunday, November 11th. Finally, Wells Fargo & Co reduced their price target on SLM from $14.00 to $13.00 and set an “outperform” rating for the company in a research report on Wednesday, December 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $13.03.

NASDAQ:SLM traded down $0.11 during midday trading on Thursday, reaching $9.03. 4,378,787 shares of the company traded hands, compared to its average volume of 3,208,598. SLM has a twelve month low of $7.95 and a twelve month high of $12.46. The firm has a market capitalization of $3.99 billion, a P/E ratio of 12.72, a P/E/G ratio of 0.39 and a beta of 1.34. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.41 and a quick ratio of 1.41.



SLM (NASDAQ:SLM) last announced its quarterly earnings results on Monday, October 22nd. The credit services provider reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.01). SLM had a return on equity of 18.84% and a net margin of 22.81%. The business had revenue of $356.63 million for the quarter, compared to analyst estimates of $350.10 million. During the same quarter last year, the firm posted $0.17 EPS. Research analysts anticipate that SLM will post 1.02 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. ValueAct Holdings L.P. lifted its holdings in shares of SLM by 4.2% in the third quarter. ValueAct Holdings L.P. now owns 39,184,254 shares of the credit services provider’s stock valued at $436,904,000 after buying an additional 1,578,846 shares during the period. FMR LLC lifted its holdings in shares of SLM by 0.3% in the third quarter. FMR LLC now owns 28,290,715 shares of the credit services provider’s stock valued at $315,442,000 after buying an additional 85,122 shares during the period. Vanguard Group Inc lifted its holdings in shares of SLM by 1.9% in the third quarter. Vanguard Group Inc now owns 26,510,575 shares of the credit services provider’s stock valued at $295,592,000 after buying an additional 487,512 shares during the period. Vanguard Group Inc. lifted its holdings in shares of SLM by 1.9% in the third quarter. Vanguard Group Inc. now owns 26,510,575 shares of the credit services provider’s stock valued at $295,592,000 after buying an additional 487,512 shares during the period. Finally, CI Investments Inc. lifted its holdings in shares of SLM by 50.5% in the third quarter. CI Investments Inc. now owns 6,769,300 shares of the credit services provider’s stock valued at $75,478,000 after buying an additional 2,272,900 shares during the period.

About SLM

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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Analyst Recommendations for SLM (NASDAQ:SLM)

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