Short Term Price Target on SLM Corporation (SLM)

SLM Corporation (NASDAQ:SLM) : The highest short term price target forecast on SLM Corporation (NASDAQ:SLM) is $11 and the lowest target price is $9. A total of 3 equity analysts are currently covering the company. The average price of all the analysts is $10 with a standard deviation of $1.

SLM Corporation has lost 2.98% in the last five trading days and dropped 10.04% in the last 4 weeks. SLM Corporation has dropped 4.63% during the last 3-month period . Year-to-Date the stock performance stands at -5.21%.

SLM Corporation (NASDAQ:SLM) has an average broker rating of 1.25, which is interpreted as a Strong Buy, as rated by 4 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

SLM Corporation (NASDAQ:SLM): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.11 and $5.99 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.19. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.18, notching a gain of 1.98% for the day. The total traded volume was 4,640,829 . The stock had closed at $6.06 on the previous day.

In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Slm Corp, Strong Robert S. had purchased shares worth of $32,500 in a transaction dated on April 25, 2016. A total of 5,000 shares were purchased at a price of $6.5 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

SLM Corporation is a holding company. The Company is a saving, planning and paying for education company. It is engaged in originating and servicing private education loans it makes to students and their families. The Company also operates a consumer savings network that provides financial rewards on everyday purchases to help families save for college. The Companys private education loans are made primarily to bridge the gap between the cost of higher education and the amount funded through financial aid, federal loans or customers resources. The Companys loans are non-federal loans and loans not insured or guaranteed under the federal family education loan program. It provides incentives for customers to include a cosigner on the loan and also encourages customers to make payments while in school.

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