SLM Corp (NASDAQ:SLM) target price raised to $11.00, reported today by Zacks Investment Research
- Updated: November 29, 2016
SLM Corp (NASDAQ:SLM) had its stock price target increased to $11.00 by Zacks Investment Research in a report released 11/29/2016. The new stock price target suggests a potential upside of 0.12% from the company's previous stock price.
On Thursday January 21, 2016, Compass Point released a statement about SLM Corp (NASDAQ:SLM) dropped the target price from $11.00 to $8.00 that suggested an upside of 0%.
Having a price of $9.82, SLM Corp (NASDAQ:SLM) traded 0.88% higher on the day. With the last stock price up 35.23% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the same period. SLM has recorded a 50-day average of $7.98 and a two hundred day average of $7.21. Trade Volume was down over the average, with 2,494,849 shares of SLM changing hands under the typical 3,352,340
Recent Performance Chart
SLM Corp has PE ratio of 16.82 with a one year low of $5.09 and a one year high of $9.83 and has a market capitalization of $0.
A total of 8 brokerages have issued a ratings update on SLM Corp. One brokerage rating the company a strong buy, five brokerages rating the company a buy, two brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $9.19.
General Company Details For SLM Corp (NASDAQ:SLM)
SLM Corporation is a holding company. The Company's primary business is to originate and service loans it makes to students and their families to finance the cost of their education. The Company is a saving, planning and paying for education company. It is engaged in originating and servicing Private Education Loans it makes to students and their families. It uses Private Education Loans to mean education loans to students or their families that are not made, insured or guaranteed by any state or federal government. It also operates Upromise, Inc., a consumer savings network that provides financial rewards on everyday purchases to help families save for college. Its Private Education Loans are made primarily to bridge the gap between the cost of higher education and the amount funded through financial aid, government loans and customers' resources. The Company's Private Education Loans that it owns or services are originated and funded by its subsidiary, Sallie Mae Bank (the Bank).
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