Wednesday, March 3, 2021

For SLM Corporation [SLM], Analyst sees a rise to $20. What next?

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SLM Corporation [NASDAQ: SLM] gained 0.43% or 0.07 points to close at $15.06 with a heavy trading volume of 7383030 shares. The company report on February 17, 2021 that Navient CEO to present at 2021 Credit Suisse Financial Services Forum on Feb. 25.

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Navient (Nasdaq: NAVI), a leading provider of education loan management and business processing solutions, announced that President and CEO Jack Remondi will speak at the Credit Suisse Annual Financial Services Forum at 8:45 a.m. ET Feb. 25.


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A live audio webcast, along with any materials used during the presentation, will be available at Navient.com/investors. A replay will be available for approximately two weeks.

It opened the trading session at $15.03, the shares rose to $15.16 and dropped to $14.99, the range by which the price of stock traded the whole day. The daily chart for SLM points out that the company has recorded 108.52% gains over the past six months. However, it is still -168.93% lower than its most recent low trading price.

If we look at the average trading volume of 4.81M shares, SLM reached to a volume of 7383030 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about SLM Corporation [SLM]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SLM shares is $18.16 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SLM stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

RBC Capital Mkts have made an estimate for SLM Corporation shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on January 29, 2021. While these analysts kept the previous recommendation, RBC Capital Mkts raised their target price to Sector Perform. The new note on the price target was released on December 21, 2020, representing the official price target for SLM Corporation stock. Previously, the target price had yet another raise to $7.50, while JP Morgan analysts kept a Neutral rating on SLM stock. On May 15, 2020, analysts decreased their price target for SLM shares from 12 to 9.

The Average True Range (ATR) for SLM Corporation is set at 0.44, with the Price to Sales ratio for SLM stock in the period of the last 12 months amounting to 2.78. The Price to Book ratio for the last quarter was 3.14, with the Price to Cash per share for the same quarter was set at 11.90.

Trading performance analysis for SLM stock

SLM Corporation [SLM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.43. With this latest performance, SLM shares gained by 7.54% in over the last four-week period, additionally plugging by 108.52% over the last 6 months – not to mention a rise of 22.60% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SLM stock in for the last two-week period is set at 63.22, with the RSI for the last a single of trading hit 61.99, and the three-weeks RSI is set at 63.98 for SLM Corporation [SLM]. The present Moving Average for the last 50 days of trading for this stock 13.35, while it was recorded at 15.01 for the last single week of trading, and 9.51 for the last 200 days.

SLM Corporation [SLM]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and SLM Corporation [SLM] shares currently have an operating margin of +45.60 and a Gross Margin at +72.43. SLM Corporation’s Net Margin is presently recorded at +37.43.

Return on Total Capital for SLM is now 13.66, given the latest momentum, and Return on Invested Capital for the company is 11.42. Return on Equity for this stock inclined to 29.98, with Return on Assets sitting at 2.78. When it comes to the capital structure of this company, SLM Corporation [SLM] has a Total Debt to Total Equity ratio set at 202.48. Additionally, SLM Total Debt to Total Capital is recorded at 66.94, with Total Debt to Total Assets ending up at 16.86. Long-Term Debt to Equity for the company is recorded at 224.47, with the Long-Term Debt to Total Capital now at 66.94.

Receivables Turnover for the company is 1.43 with a Total Asset Turnover recorded at a value of 0.07.

SLM Corporation [SLM]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, SLM Corporation posted 0.79/share EPS, while the average EPS was predicted by analysts to be reported at 0.83/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -4.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SLM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for SLM Corporation go to 20.00%.

An analysis of insider ownership at SLM Corporation [SLM]

There are presently around $5,562 million, in the hands of institutional investors. The top three institutional holders of SLM stocks are: VANGUARD GROUP INC with ownership of 34,723,320, which is approximately 5.508% of the company’s market cap and around 0.70% of the total institutional ownership; VALUEACT HOLDINGS, L.P., holding 32,294,254 shares of the stock with an approximate value of $486.19 million in SLM stocks shares; and BLACKROCK INC., currently with $474.3 million in SLM stock with ownership of nearly 1.518% of the company’s market capitalization.

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Positions in SLM Corporation stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 130 institutional holders increased their position in SLM Corporation [NASDAQ:SLM] by around 44,633,278 shares. Additionally, 143 investors decreased positions by around 42,393,538 shares, while 48 investors held positions by with 282,425,977 shares. The mentioned changes placed institutional holdings at 369,452,793 shares, according to the latest SEC report filing. SLM stock had 47 new institutional investments in for a total of 6,041,919 shares, while 33 institutional investors sold positions of 9,159,116 shares during the same period.

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