Analyst Rating Update on SLM Corporation (SLM)

SLM Corporation (SLM) : Zacks Investment Research ranks SLM Corporation (SLM) as 2, which is a Buy recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. The average broker rating of 5 research analysts is 1.2, which indicates as a Strong Buy.

SLM Corporation (SLM) : The consensus price target for SLM Corporation (SLM) is $9.75 for the short term with a standard deviation of $0.96. The most optimist securities analyst among the 4 who monitor the stock believes that the stock can reach $11, however, the pessimist price target for the company is $9.

For the current week, the company shares have a recommendation consensus of Buy. Also, Citigroup 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 $8.5 per share. The rating by the firm was issued on July 14, 2016.


SLM Corporation (NASDAQ:SLM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.08 and $7.03 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.15. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.14, notching a gain of 0.56% for the day. The total traded volume was 3,408,867 . The stock had closed at $7.10 on the previous day.

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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