SLM (NASDAQ:SLM) Price Target Raised to $29.00

SLM (NASDAQ:SLM) had its target price increased by stock analysts at Royal Bank Of Canada from $28.00 to $29.00 in a research note issued 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 suggests a potential upside of 15.56% from the company’s previous close.

Several other brokerages also recently issued reports on SLM. Compass Point upgraded SLM from a “sell” rating to a “neutral” rating and decreased their price objective for the stock from $23.00 to $22.00 in a research report on Monday, March 30th. JPMorgan Chase & Co. lowered their price objective on SLM from $26.00 to $22.00 and set an “underweight” rating on the stock in a report on Thursday, April 9th. Morgan Stanley set a $27.00 target price on SLM in a report on Friday, April 24th. Barclays reissued an “equal weight” rating and issued a $26.00 price objective (down from $30.00) on shares of SLM in a research report on Tuesday. Finally, Weiss Ratings upgraded shares of SLM from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, June 18th. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $29.50.

SLM Trading Up 1.5%

Shares of SLM opened at $25.10 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 2.59. SLM has a 1-year low of $17.77 and a 1-year high of $33.97. The stock has a market capitalization of $4.73 billion, a P/E ratio of 6.85, a P/E/G ratio of 2.19 and a beta of 0.94. The business’s 50-day moving average price is $22.94 and its 200 day moving average price is $23.48.

SLM (NASDAQ:SLM) last issued its quarterly earnings results on Thursday, April 23rd. The credit services provider reported $1.54 EPS for the quarter, beating the consensus estimate of $1.14 by $0.40. SLM had a net margin of 26.42% and a return on equity of 34.80%. The business had revenue of $559.99 million during the quarter, compared to the consensus estimate of $486.05 million. During the same quarter in the prior year, the firm earned $1.40 EPS. The firm’s quarterly revenue was down 3.6% on a year-over-year basis. SLM has set its FY 2026 guidance at 3.100-3.200 EPS. Analysts expect that SLM will post 3.14 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of SLM. GAMMA Investing LLC lifted its position in SLM by 26.4% during the 2nd quarter. GAMMA Investing LLC now owns 11,579 shares of the credit services provider’s stock valued at $300,000 after purchasing an additional 2,417 shares during the period. EverSource Wealth Advisors LLC lifted 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 buying an additional 501 shares in the last quarter. Entropy Technologies LP increased its position in shares of SLM by 146.1% during the 1st quarter. Entropy Technologies LP now owns 44,570 shares of the credit services provider’s stock worth $954,000 after purchasing an additional 26,460 shares during the last quarter. SG Americas Securities LLC increased its position in SLM by 63.1% during the first quarter. SG Americas Securities LLC now owns 261,392 shares of the credit services provider’s stock worth $5,596,000 after buying an additional 101,120 shares during the last quarter. Finally, Captrust Financial Advisors increased its stake in shares of SLM by 31.3% during the fourth quarter. Captrust Financial Advisors now owns 53,673 shares of the credit services provider’s stock worth $1,452,000 after purchasing an additional 12,793 shares during the period. Institutional investors own 98.94% of the company’s stock.

SLM Company Profile

SLM Corporation, operating as Sallie Mae Bank, is a leading U.S.-based consumer banking company specializing in education financing and related banking products. The company provides a range of private student loans for undergraduate and graduate studies, Parent PLUS loans, and specialized financing for career and certificate programs. In addition to its core lending services, Sallie Mae offers deposit products including savings accounts, checking accounts, money market accounts, certificates of deposit, and credit cards tailored to students and young adults.

Founded in 1972 as the Student Loan Marketing Association—a government-sponsored enterprise—Sallie Mae was privatized in 2004 and has since focused on expanding its private education loan offerings and digital banking solutions.