KBW Reiterates a Buy Rating on SLM Corporation

By Jason Carr

KBW analyst Sanjay Sakhrani reiterated a Buy rating on SLM Corporation (NASDAQ: SLM) yesterday and set a price target of $15. The company’s shares opened today at $12.80.

According to TipRanks.com, Sakhrani is a 5-star analyst with an average return of 10.7% and a 74.4% success rate. Sakhrani covers the Financial sector, focusing on stocks such as Discover Financial Services, Capital One Financial, and Total System Services.

Currently, the analyst consensus on SLM Corporation is Strong Buy and the average price target is $13.33, representing a 4.1% upside.

In a report issued on April 6, Credit Suisse also maintained a Buy rating on the stock with a $14 price target.

Based on SLM Corporation’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $309 million and quarterly net profit of $70.24 million. In comparison, last year the company earned revenue of $274 million and had a net profit of $65.92 million.

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SLM Corp. engages in the origination, servicing, and administration of education loans. Its services include: private education loans, banking, college savings, and insurance services. The company was founded in 1972 and is headquartered in Newark, DE.