SLM Corporation (NASDAQ:SLM) stock is presently standing at about $10.98 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 10 analysts covering the company is $12.00, which suggests the stock could still rise over 8 percent. The highest analyst price target is $14.00, which implies a rally of 72 percent. And a quick view of analyst notes show that 4 are rating the stock a buy while 5 rate SLM a strong buy. There are 1 equity research firms advocating a Hold and 0 consider it Sell.
Jefferies analysts provided their view on SLM Corporation (NASDAQ:SLM) recently. The rating firm issued a Buy rating to this company in a research note released on Dec 07, 2016. FBR & Co. analysts disclosed their opinion on SLM Corporation (NASDAQ:SLM) recently. The rating firm gave a Outperform rating to this stock in a research note published on Dec 02, 2016. According to a research note disclosed on Jan 13, 2016, analysts at Goldman have upped their rating on these shares from Neutral to Buy.
SLM Corporation (NASDAQ:SLM) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its EVP, GC and Secretary Lutz Laurent Charles sold 21,097 company shares for $198000.31, in a transaction on 2016-11-16. Following the transaction, the EVP, GC and Secretary is left with a stake of 198.31 shares, currently valued at $2177. Meanwhile, Director GOODE EARL A purchased 10,000 shares worth $70000.3, through a transaction dated 2016-11-03. Following the completion of the transaction, the insider is left with a stake of 73,084 shares, amounting $802462.32. SLM Director SHIEBLER WILLIAM N also purchased 10,000 shares, at a stock price of $7.02. This transaction occurred on 2016-11-03 totals $70000.2. After this transaction, the insider’s stake stands at 37,864 shares, with a market value of $415747.
Executives hold 2.35 percent of the stock. Raymond J. Quinlan is one of the biggest insider owners in SLM Corporation (NASDAQ:SLM), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 1,243,595 shares which have current market value of around $13654673.1.Albert L. Lord is another major inside shareholder in the company. The insider owns 982,533 shares as of 0.23%, currently worth $10788212.34. Thomas J. Fitzpatrick is ranked as third insider holder of the stock. This insider holds 976,690 shares with a market value around $10724056.2 as of recent close.
SLM Corporation (NASDAQ:SLM) Earnings Outlook
In SLM Corporation (NASDAQ:SLM)’s latest quarter, EPS moved to $0.12 from $0.12 in preceding quarter and revenues reached at $223.27M compared to $212.77M. Analysts had expected SLM Corporation (NASDAQ:SLM) to post net income of about $0.11 per share on $223.48M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.14 to $0.15. That is compared with the $0.20 in EPS it reported during the same period a year ago.