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SLM (SLM) Receives a Buy from RBC Capital

Tipranks - Sat Jan 24, 6:56AM CST

RBC Capital analyst Jon Arfstrom maintained a Buy rating on SLM yesterday and set a price target of $32.00. The company’s shares closed yesterday at $26.70.

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According to TipRanks, Arfstrom is a 5-star analyst with an average return of 14.7% and a 60.12% success rate. Arfstrom covers the Financial sector, focusing on stocks such as Huntington Bancshares, Associated Banc-Corp, and Columbia Banking System.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for SLM with a $31.30 average price target, implying a 17.23% upside from current levels. In a report released today, TD Cowen also reiterated a Buy rating on the stock with a $35.00 price target.

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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