Price Target Update on SLM Corporation (NASDAQ:SLM)

SLM Corporation (NASDAQ:SLM) : 3 Wall Street analysts covering SLM Corporation (NASDAQ:SLM) believe that the average level the stock could reach for the short term is $10. The maximum price target given is $11 and the minimum target for short term is around $9, hence the standard deviation is calculated at $1.

Other Equity analysts have also commented on the company shares. DA Davidson initiates coverage on SLM Corporation (NASDAQ:SLM) The current rating of the shares is Buy. Equity Analysts at the Firm announces the price target to $9 per share. The rating by the firm was issued on March 21, 2016.

SLM Corporation (NASDAQ:SLM): stock turned positive on Thursday. Though the stock opened at $6.19, the bulls momentum made the stock top out at $6.38 level for the day. The stock recorded a low of $6.17 and closed the trading day at $6.37, in the green by 4.60%. The total traded volume for the day was 3,540,844. The stock had closed at $6.09 in the previous days trading.

The company shares have dropped -39.10% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $10.14 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $6.55 and the 200 Day Moving Average price is recorded at $6.33. On the companys insider trading activities, 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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