SLM (NASDAQ:SLM) Price Target Cut to $22.00 by Analysts at JPMorgan Chase & Co.

SLM (NASDAQ:SLM) had its price target dropped by equities research analysts at JPMorgan Chase & Co. from $25.00 to $22.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has an “underweight” rating on the credit services provider’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential downside of 5.40% from the company’s previous close.

A number of other analysts have also commented on SLM. Royal Bank Of Canada cut their price target on SLM from $29.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday. Morgan Stanley lifted their price objective on shares of SLM from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Monday, July 20th. Wells Fargo & Company set a $28.00 target price on shares of SLM in a research report on Friday, July 24th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of SLM in a report on Monday, September 14th. Finally, Wall Street Zen downgraded SLM from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, SLM currently has a consensus rating of “Hold” and an average price target of $29.40.

SLM Trading Up 3.3%

SLM stock traded up $0.73 during trading hours on Monday, reaching $23.25. 1,174,621 shares of the company’s stock traded hands, compared to its average volume of 3,023,972. The firm’s 50 day moving average is $25.57 and its 200-day moving average is $23.94. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of 6.51, a PEG ratio of 1.54 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. 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 (NASDAQ:SLM) last posted its quarterly earnings results 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 company had revenue of $401.11 million during the quarter, compared to the consensus estimate of $409.22 million. SLM had a return on equity of 33.81% and a net margin of 26.09%. The firm’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.32 earnings per share. SLM has set its FY 2026 guidance at 3.100-3.200 EPS. On average, 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 bought and sold shares of SLM. GAMMA Investing LLC lifted its position in shares of SLM by 16.3% during the third quarter. GAMMA Investing LLC now owns 13,461 shares of the credit services provider’s stock valued at $305,000 after purchasing an additional 1,882 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in SLM by 52.1% during the third quarter. Farther Finance Advisors LLC now owns 4,819 shares of the credit services provider’s stock valued at $109,000 after purchasing an additional 1,650 shares during the period. Versant Capital Management Inc raised its stake in SLM by 48.7% in the 3rd 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 during the period. QRG Capital Management Inc. lifted its stake in shares of SLM by 32.2% during the 2nd quarter. QRG Capital Management Inc. now owns 66,623 shares of the credit services provider’s stock valued at $1,728,000 after buying an additional 16,233 shares in the last quarter. Finally, Tidal Investments LLC raised its holdings in SLM by 5.5% during the 2nd quarter. Tidal Investments LLC now owns 497,731 shares of the credit services provider’s stock valued at $12,911,000 after acquiring an additional 26,026 shares during the period. Institutional investors own 98.94% of the company’s stock.

SLM Company Profile

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.