SLM (SLM) Cut to “Strong Sell” at ValuEngine

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ValuEngine downgraded shares of SLM (NASDAQ:SLM) from a sell rating to a strong sell rating in a research note released on Thursday morning, ValuEngine reports.

SLM has been the topic of a number of other research reports. Zacks Investment Research reiterated a buy rating and set a $9.00 price objective on shares of SLM in a research note on Monday, December 31st. Wedbush reiterated an outperform rating on shares of SLM in a research note on Tuesday, January 29th. TheStreet upgraded SLM from a c+ rating to a b- rating in a research note on Monday, January 28th. BMO Capital Markets upgraded SLM from a market perform rating to an outperform rating in a research note on Friday, January 25th. Finally, BidaskClub cut SLM from a hold rating to a sell rating in a research note on Wednesday, March 13th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The company has an average rating of Hold and an average price target of $13.18.

NASDAQ:SLM opened at $9.90 on Thursday. SLM has a twelve month low of $7.95 and a twelve month high of $12.46. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.38 and a quick ratio of 1.38. The company has a market cap of $4.32 billion, a price-to-earnings ratio of 9.25, a PEG ratio of 0.42 and a beta of 1.48.

SLM (NASDAQ:SLM) last released its quarterly earnings results on Wednesday, April 17th. The credit services provider reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. SLM had a return on equity of 20.05% and a net margin of 26.07%. The firm had revenue of $402.28 million during the quarter, compared to the consensus estimate of $384.70 million. During the same quarter in the prior year, the firm posted $0.28 EPS. The business’s revenue was up 20.9% on a year-over-year basis. On average, sell-side analysts forecast that SLM will post 1.25 earnings per share for the current fiscal year.

In other news, SVP Jonathan Boyles sold 68,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $11.20, for a total transaction of $761,600.00. Following the sale, the senior vice president now owns 67,679 shares in the company, valued at approximately $758,004.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Paul F. Thome sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of $11.10, for a total value of $277,500.00. Following the sale, the executive vice president now owns 208,049 shares in the company, valued at approximately $2,309,343.90. The disclosure for this sale can be found here. In the last quarter, insiders have sold 93,805 shares of company stock worth $1,047,625. Company insiders own 0.36% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Huntington National Bank raised its stake in SLM by 69.2% in the 1st quarter. Huntington National Bank now owns 2,890 shares of the credit services provider’s stock valued at $29,000 after acquiring an additional 1,182 shares during the period. Doyle Wealth Management bought a new stake in SLM in the 4th quarter valued at $44,000. Pearl River Capital LLC bought a new stake in SLM in the 4th quarter valued at $48,000. Rehmann Capital Advisory Group raised its stake in SLM by 1,014.9% in the 3rd quarter. Rehmann Capital Advisory Group now owns 7,693 shares of the credit services provider’s stock valued at $690,000 after acquiring an additional 7,003 shares during the period. Finally, Quantamental Technologies LLC bought a new stake in SLM in the 4th quarter valued at $65,000.

About SLM

SLM Corporation, through 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 or their families. It also offers retail deposit accounts, including certificates of deposit, money market deposit accounts, and high yield savings accounts; omnibus accounts; and a consumer savings network that provides financial rewards on everyday purchases to help families save for college.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for SLM (NASDAQ:SLM)

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