Opinion

SLM Corporation (NASDAQ:SLM) Assigned A Consensus Outperform Rating

SLM Corporation (NASDAQ:SLM) stock is presently standing at about $11.92 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 11 analysts covering the company is $13.00, which suggests the stock could still rise over 8 percent. The highest analyst price target is $14.00, which implies a rally of 83 percent. And a quick view of analyst notes show that 4 are rating the stock a buy while 6 rate SLM a strong buy. There are 1 equity research firms advocating a Hold and 0 consider it Sell.

Wedbush analysts provided their view on SLM Corporation (NASDAQ:SLM) recently. The rating firm issued a Outperform rating to this company in a research note released on Jan 31, 2017. Jefferies analysts disclosed their opinion on SLM Corporation (NASDAQ:SLM) recently. The rating firm gave a Buy rating to this stock in a research note published on Dec 07, 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 & Chief Admin Officer Thome Paul F sold 19,193 company shares for 225900, in a transaction on 2017-03-07. Following the transaction, the EVP & Chief Admin Officer is left with a stake of 248,608 shares, currently valued at $2963407. Meanwhile, EVP & Chief Admin Officer Thome Paul F sold 9,100 shares worth $112570, through a transaction dated 2017-03-01. Following the completion of the transaction, the insider is left with a stake of 267,801 shares, amounting $3192187.92. SLM EVP, GC and Secretary Lutz Laurent Charles also sold 21,097 shares, at a stock price of $9.4. This transaction occurred on 2016-11-16 totals $198310. After this transaction, the insider’s stake stands at 931,984 shares, with a market value of $11109249.

Executives hold 2.45 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 1,293,709 shares which have current market value of around $15421011.28.Albert L. Lord is another major inside shareholder in the company. The insider owns 982,533 shares as of 0.23%, currently worth $11711793.36. Thomas J. Fitzpatrick is ranked as third insider holder of the stock. This insider holds 976,690 shares with a market value around $11642144.8 as of recent close.

SLM Corporation (NASDAQ:SLM) Earnings Outlook

In SLM Corporation (NASDAQ:SLM)’s latest quarter, EPS moved to $0.15 from $0.12 in preceding quarter and revenues reached at $245.43M compared to $223.27M. Analysts had expected SLM Corporation (NASDAQ:SLM) to post net income of about $0.14 per share on $238.25M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.13 to $0.16. That is compared with the $0.14 in EPS it reported during the same period a year ago.

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