SLM Corp. [SLM] stock Initiated by BofA Securities analyst, price target now $27

SLM Corp. [NASDAQ: SLM] loss -2.59% on the last trading session, reaching $22.21 price per share at the time.

If compared to the average trading volume of 1.46M shares, SLM reached a trading volume of 4723994 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SLM shares is $26.67 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 1.25. 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.

BofA Securities have made an estimate for SLM Corp. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 25, 2024. While these analysts kept the previous recommendation, Citigroup raised their target price from $14 to $23. The new note on the price target was released on January 16, 2024, representing the official price target for SLM Corp. stock. Previously, the target price had yet another raise to $25, while Deutsche Bank analysts kept a Buy rating on SLM stock. On January 04, 2024, analysts increased their price target for SLM shares from 18 to 20.

The Average True Range (ATR) for SLM Corp. is set at 0.56, with the Price to Sales ratio for SLM stock in the period of the last 12 months amounting to 1.57. The Price to Book ratio for the last quarter was 2.50, with the Price to Cash per share for the same quarter was set at 21.46.

Trading performance analysis for SLM stock

SLM Corp. [SLM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.05. With this latest performance, SLM shares gained by 1.65% in over the last four-week period, additionally plugging by 1.28% over the last 6 months – not to mention a rise of 70.85% 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 45.28, with the RSI for the last a single of trading hit 37.60, and the three-weeks RSI is set at 48.80 for SLM Corp. [SLM]. The present Moving Average for the last 50 days of trading for this stock 21.90, while it was recorded at 22.84 for the last single week of trading, and 21.11 for the last 200 days.

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

With the latest financial reports released by the company, SLM Corp. posted 0.91/share EPS, while the average EPS was predicted by analysts to be reported at 0.89/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.02. 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 Corp. go to -1.06%.

An analysis of Institutional ownership at SLM Corp. [SLM]

There are presently around $100.50%, or 101.57%% of SLM stock, in the hands of institutional investors. The top three institutional holders of SLM stocks are: VANGUARD GROUP INC with ownership of 31.62 million shares, which is approximately 14.3465%. IMPACTIVE CAPITAL LP, holding 19.7 million shares of the stock with an approximate value of $$409.51 million in SLM stocks shares; and IMPACTIVE CAPITAL LP, currently with $$399.0 million in SLM stock with ownership which is approximately 8.7072%.

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