SLM (NASDAQ:SLM) Stock Price Target Lowered at Royal Bank Of Canada

by · The Cerbat Gem

SLM (NASDAQ:SLM – Get Free Report) had its target price decreased by stock analysts at Royal Bank Of Canada from $29.00 to $28.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the credit services provider’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 24.21% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. Weiss Ratings reissued a “hold (c+)” rating on shares of SLM in a research report on Monday, September 14th. Wall Street Zen downgraded shares of SLM from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. JPMorgan Chase & Co. increased their price target on SLM from $24.00 to $25.00 and gave the company an “underweight” rating in a research note on Monday, July 13th. Barclays restated an “equal weight” rating and issued a $26.00 target price (down from $30.00) on shares of SLM in a report on Tuesday, July 7th. Finally, Morgan Stanley boosted their target price on SLM from $27.00 to $28.00 and gave the company an “equal weight” rating in a research report on Monday, July 20th. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, SLM currently has an average rating of “Hold” and an average target price of $29.70.

Check Out Our Latest Analysis on SLM

SLM Price Performance

SLM stock opened at $22.54 on Friday. The firm’s fifty day moving average is $25.64 and its 200 day moving average is $23.93. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.32 and a current ratio of 1.33. SLM has a 52 week low of $17.77 and a 52 week high of $31.06. The firm has a market cap of $4.24 billion, a P/E ratio of 6.31, a P/E/G ratio of 1.55 and a beta of 0.96.

SLM (NASDAQ:SLM – Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The credit services provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.17). The company had revenue of $401.11 million for the quarter, compared to the consensus estimate of $409.22 million. SLM had a net margin of 26.09% and a return on equity of 33.81%. The firm’s quarterly revenue was down .7% compared to the same quarter last year. During the same period last year, the business posted $0.32 earnings per share. SLM has set its FY 2026 guidance at 3.100-3.200 EPS. Research analysts predict that SLM will post 3.12 earnings per share for the current year.

Institutional Investors Weigh In On SLM

Several institutional investors have recently added to or reduced their stakes in SLM. Versant Capital Management Inc increased its holdings in shares of SLM by 48.7% during the third quarter. Versant Capital Management Inc now owns 2,016 shares of the credit services provider’s stock valued at $46,000 after acquiring an additional 660 shares in the last quarter. Allworth Financial LP purchased a new stake in SLM during the 2nd quarter worth approximately $55,000. EverSource Wealth Advisors LLC grew its position in SLM by 19.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,081 shares of the credit services provider’s stock worth $66,000 after purchasing an additional 501 shares during the last quarter. Nykredit A S acquired a new position in SLM during the 2nd quarter valued at approximately $77,000. Finally, Parkside Financial Bank & Trust increased its stake in SLM by 738.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 4,077 shares of the credit services provider’s stock valued at $106,000 after purchasing an additional 3,591 shares in the last quarter. Institutional investors and hedge funds own 98.94% of the company’s stock.

SLM Company Profile

(Get Free Report)

SLM Corp., operating under the Sallie Mae brand, is a financial services company focused on education financing. It primarily provides private student loans to undergraduate and graduate students, as well as education loans for parents and other creditworthy borrowers. Sallie Mae also offers related products and resources designed to help families plan and pay for college.

The company’s private education loans can be used for eligible expenses such as tuition, fees, books, supplies, and living costs.

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