Oppenheimer Reiterates Their Buy Rating on SLM Corporation

By Austin Angelo

In a report released yesterday, Ben Chittenden from Oppenheimer reiterated a Buy rating on SLM Corporation (NASDAQ: SLM), with a price target of $16. The company’s shares closed yesterday at $11.40.

According to TipRanks.com, Chittenden is a 3-star analyst with an average return of 1.1% and a 53.7% success rate. Chittenden covers the Financial sector, focusing on stocks such as Discover Financial Services, Credit Acceptance Corp, and Santander Consumer USA.

Currently, the analyst consensus on SLM Corporation is Strong Buy and the average price target is $13.88, representing a 21.8% upside.

In a report issued on April 4, Wells Fargo also initiated coverage with a Buy rating on the stock with a $13.50 price target.

SLM Corporation’s market cap is currently $4.93B and has a P/E ratio of 18.39. The company has a book value ratio of 2.3764.

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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.