SLM Corporation (SLM) Receives Price Target

SLM Corporation (SLM) : The highest level SLM Corporation (SLM) is projected to reach is $11 for the short term and the lowest estimate is at $9. The consolidated price target from 3 rating analysts who initiate coverage on the stock is $9.67 and the possibility the share price can swing is $1.15.

SLM Corporation (SLM) : The consensus on SLM Corporation (SLM) based on 4 analyst recommendation on the company stock is 1.25, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future.


Also, Brokerage firm Goldman Sachs maintains its rating on SLM Corporation (NASDAQ:SLM). In a research note issued to the investors, the brokerage major maintains price-target of $9 per share.The shares have been rated Buy. The rating by the firm was issued on August 10, 2016.

SLM Corporation (NASDAQ:SLM): The stock opened at $7.42 on Thursday but the bulls could not build on the opening and the stock topped out at $7.47 for the day. The stock traded down to $7.32 during the day, due to lack of any buying support eventually closed down at $7.36 with a loss of -0.74% for the day. The stock had closed at $7.42 on the previous day. The total traded volume was 1,647,188 shares.

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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