With 1.61 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.55 million shares. During the session, the Credit Services company that operates in wider Financial sector, reached to the highest price of $24.11 whereas the lowest price it dropped to was $23.78. The 52-week range on SLM shows that it touched its highest point at $24.59 and its lowest point at $13.93 during that stretch. It currently has a 1-year price target of $26.67. With its current market cap of 5.09 billion, SLM has annualized dividend of $0.44 while the current yield stands at 1.84%. Beta for the stock currently stands at 1.18.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SLM was down-trending over the past week, with a drop of -0.33%, but this was up by 4.08% over a month. Three-month performance surged to 13.87% while six-month performance rose 16.36%. The stock gained 66.23% in the past year, while it has gained 25.37% so far this year. A look at the trailing 12-month EPS for SLM yields 2.88 with Next year EPS estimates of 3.00. For the next quarter, that number is 0.56. This implies an EPS growth rate of 13.42% for this year and 9.76% for next year. EPS is expected to decline by -1.18% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 17.55%.
Float and Shares Shorts:
At present, 220.34 million SLM shares are outstanding with a float of 208.98 million shares on hand for trading. On 2024-10-31, short shares totaled 6.95 million, which was 327.0 higher than short shares on 1727654400. In addition to Mr. Jonathan W. Witter as the firm’s CEO & Director, Ms. Kerri A. Palmer serves as its Executive VP & COO.
Institutional Ownership:
Through their ownership of 1.00571 of SLM’s outstanding shares, institutional investors have minority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SLM since 10 analysts follow the stock currently. There are 8 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With SLM analysts setting a high price target of 32.0 and a low target of 23.0, the average target price over the next 12 months is 26.66667. Based on these targets, SLM could surge 33.5% to reach the target high and fall by -4.05% to reach the target low. Reaching the average price target will result in a growth of 11.25% from current levels.
Analysts have provided yearly estimates in a range of $2.80311 being high and $2.60289 being low. For SLM, this leads to a yearly average estimate of $2.73303. The surprise factor in the prior quarter was $0.76. Based on analyst estimates, the high estimate for the next quarter is $1.18 and the low estimate is $0.17. The average estimate for the next quarter is thus $0.86.
