A share price of SLM Corp. [SLM] is currently trading at $20.52, up 2.50%. An important factor to consider is whether the stock is rising or falling in short-term value. The SLM shares have gain 3.79% over the last week, with a monthly amount glided 1.74%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
SLM Corp. [NASDAQ: SLM] stock has seen the most recent analyst activity on January 16, 2024, when Citigroup upgraded its rating to a Buy and also boosted its price target to $23 from $14. Previously, Deutsche Bank started tracking the stock with Buy rating on January 10, 2024, and set its price target to $25. On January 04, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $20 on the stock. Wells Fargo upgraded its rating to a Overweight and increased its price target to $20 on December 08, 2023. Barclays initiated its recommendation with a Overweight and recommended $16 as its price target on November 15, 2023. TD Cowen started tracking with a Outperform rating for this stock on November 01, 2023, and assigned it a price target of $17.50. In a note dated April 17, 2023, JP Morgan upgraded an Overweight rating on this stock and boosted its target price from $16 to $17.
SLM Corp. experienced fluctuations in its stock price throughout the past year between $10.81 and $20.65. Currently, Wall Street analysts expect the stock to reach $19.5 within the next 12 months. SLM Corp. [NASDAQ: SLM] shares were valued at $20.52 at the most recent close of the market. An investor can expect a potential drop of -4.97% based on the average SLM price forecast.
Analyzing the SLM fundamentals
Trailing Twelve Months sales for SLM Corp. [NASDAQ:SLM] were 2.89B which represents 34.12% growth. Gross Profit Margin for this corporation currently stands at 0.69% with Operating Profit Margin at 0.8%, Pretax Profit Margin comes in at 0.43%, and Net Profit Margin reading is 0.32%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.32 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.78.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 20.13 points at the first support level, and at 19.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.73, and for the 2nd resistance point, it is at 20.93.
SLM Corp. [SLM] reported earnings per share of $0.91 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.89/share, meaning a difference of $0.02 and a surprise factor of 2.20%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.11 per share as compared to estimates of $0.31 per share, a difference of -$0.2 representing a surprise of -64.50%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 1.57, the price to book ratio is 2.77 and price to earnings (TTM) ratio is 8.56.
Transactions by insiders
Recent insider trading involved VIEIRA DONNA F, EVP & Chief Commercial Officer, that happened on Jan 30 when 12308.0 shares were sold. EVP -Legal, Govt, Comm Officer, Jafarieh Nicolas completed a deal on Jul 31 to sell 7500.0 shares.
