SLM (NASDAQ:SLM) Stock Price Target Cut by Royal Bank Of Canada

SLM (NASDAQ:SLM) had its target price dropped by investment analysts at Royal Bank Of Canada from $29.00 to $28.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has an “outperform” rating on the credit services provider’s stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 24.21% from the stock’s current price.

Several other analysts also recently commented on the stock. Morgan Stanley upped their price objective on shares of SLM from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Monday, July 20th. Barclays reaffirmed an “equal weight” rating and set a $26.00 price target (down from $30.00) on shares of SLM in a research report on Tuesday, July 7th. Weiss Ratings reissued a “hold (c+)” rating on shares of SLM in a report on Monday, September 14th. Wells Fargo & Company set a $28.00 target price on SLM in a research note on Friday, July 24th. Finally, JPMorgan Chase & Co. raised their target price on SLM from $24.00 to $25.00 and gave the stock an “underweight” rating in a report on Monday, July 13th. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $29.70.

SLM Stock Down 0.6%

SLM stock opened at $22.54 on Friday. The business’s 50-day simple moving average is $25.64 and its two-hundred day simple 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. The company has a market cap of $4.24 billion, a PE ratio of 6.31, a PEG ratio of 1.55 and a beta of 0.96. SLM has a fifty-two week low of $17.77 and a fifty-two week high of $31.06.

SLM (NASDAQ:SLM) 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 the consensus estimate of $0.46 by ($0.17). The firm had revenue of $401.11 million during the quarter, compared to analysts’ expectations of $409.22 million. SLM had a return on equity of 33.81% and a net margin of 26.09%.The company’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.32 earnings per share. SLM has set its FY 2026 guidance at 3.100-3.200 EPS. Equities analysts anticipate that SLM will post 3.12 EPS for the current year.

Hedge Funds Weigh In On SLM

A number of hedge funds have recently bought and sold shares of the business. Versant Capital Management Inc grew its holdings in SLM by 48.7% in the third quarter. Versant Capital Management Inc now owns 2,016 shares of the credit services provider’s stock valued at $46,000 after purchasing an additional 660 shares during the period. Allworth Financial LP acquired a new position in shares of SLM during the 2nd quarter worth approximately $55,000. Nykredit A S acquired a new position in shares of SLM during the 2nd quarter worth approximately $77,000. EverSource Wealth Advisors LLC lifted its position in shares of SLM by 19.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,081 shares of the credit services provider’s stock valued at $66,000 after buying an additional 501 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in shares of 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 buying an additional 3,591 shares in the last quarter. Hedge funds and other institutional investors own 98.94% of the company’s stock.

About SLM

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.