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RBC Capital Sticks to Its Buy Rating for SLM (SLM)

Tipranks - Tipranks - Tue Jan 13, 9:04PM CST

RBC Capital analyst Jon Arfstrom maintained a Buy rating on SLM yesterday and set a price target of $32.00.

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According to TipRanks, Arfstrom is a 5-star analyst with an average return of 14.7% and a 61.15% success rate. Arfstrom covers the Financial sector, focusing on stocks such as Huntington Bancshares, Associated Banc-Corp, and Home Bancshares.

In addition to RBC Capital, SLM also received a Buy from Barclays’s Terry Ma in a report issued on January 6. However, yesterday, J.P. Morgan maintained a Sell rating on SLM (NASDAQ: SLM).

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Based on SLM’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $830.29 million and a net profit of $135.85 million. In comparison, last year the company earned a revenue of $677.16 million and had a GAAP net loss of $45.15 million

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