SLM Corporation (NASDAQ:SLM) has been assigned a $13.00 target price by analysts at FBR & Co in a research report issued on Thursday. The firm currently has a “buy” rating on the credit services provider’s stock. FBR & Co’s price objective points to a potential upside of 18.72% from the company’s current price.

SLM has been the subject of several other research reports. Zacks Investment Research upgraded shares of SLM Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. BMO Capital Markets reiterated a “hold” rating and issued a $12.00 target price on shares of SLM Corporation in a research note on Friday, October 6th. BidaskClub upgraded shares of SLM Corporation from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 28th. Wedbush reiterated an “outperform” rating and issued a $14.50 target price on shares of SLM Corporation in a research note on Thursday, September 14th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $15.00 target price on shares of SLM Corporation in a research note on Saturday, July 22nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. SLM Corporation has a consensus rating of “Hold” and an average price target of $13.44.

Shares of SLM Corporation (NASDAQ SLM) opened at 10.95 on Thursday. SLM Corporation has a 52 week low of $6.93 and a 52 week high of $13.20. The firm has a 50-day moving average of $10.95 and a 200-day moving average of $11.11. The firm has a market cap of $4.73 billion, a PE ratio of 17.66 and a beta of 1.25.

SLM Corporation (NASDAQ:SLM) last announced its quarterly earnings results on Wednesday, October 18th. The credit services provider reported $0.17 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.17. The business had revenue of $282.06 million during the quarter, compared to analyst estimates of $282.02 million. SLM Corporation had a net margin of 22.95% and a return on equity of 16.98%. SLM Corporation’s quarterly revenue was up 26.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.12 EPS. On average, analysts expect that SLM Corporation will post $0.72 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This news story was originally posted by Daily Political and is the property of of Daily Political. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and international copyright laws. The correct version of this news story can be viewed at https://www.dailypolitical.com/2017/10/21/slm-corporation-slm-pt-set-at-13-00-by-fbr-co.html.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SLM. Envestnet Asset Management Inc. lifted its holdings in SLM Corporation by 44.0% during the first quarter. Envestnet Asset Management Inc. now owns 8,438 shares of the credit services provider’s stock valued at $102,000 after purchasing an additional 2,578 shares during the last quarter. HighTower Advisors LLC purchased a new stake in SLM Corporation during the first quarter valued at about $125,000. Oppenheimer Asset Management Inc. purchased a new stake in SLM Corporation during the first quarter valued at about $392,000. KCG Holdings Inc. lifted its holdings in shares of SLM Corporation by 81.6% in the first quarter. KCG Holdings Inc. now owns 39,880 shares of the credit services provider’s stock worth $483,000 after buying an additional 17,916 shares in the last quarter. Finally, Capstone Asset Management Co. lifted its holdings in shares of SLM Corporation by 0.5% in the second quarter. Capstone Asset Management Co. now owns 54,896 shares of the credit services provider’s stock worth $631,000 after buying an additional 260 shares in the last quarter. 98.40% of the stock is currently owned by institutional investors and hedge funds.

About SLM Corporation

SLM Corporation (Sallie Mae) is the nation’s saving, planning, and paying for college company. Sallie Mae offers products, which promote personal finance including private education loans, Upromise rewards, scholarship search, college financial planning tools, insurance, and online retail banking.

Analyst Recommendations for SLM Corporation (NASDAQ:SLM)

Receive News & Ratings for SLM Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SLM Corporation and related companies with MarketBeat.com's FREE daily email newsletter.