SLM (NASDAQ:SLM) Stock Price Target Lowered at JPMorgan Chase & Co.

Key Points

• JPMorgan lowered SLM’s price target from $25 to $22 and maintained an “underweight” rating, implying 5.4% downside from the stock’s $23.25 price.
• Analyst sentiment remains mixed: SLM has a consensus “Hold” rating and average price target of $29.40, with five Buy, six Hold, and one Sell rating.
• SLM’s latest quarterly results fell short of expectations, with EPS of $0.29 versus the $0.46 consensus and revenue of $401.1 million versus $409.2 million expected; revenue also declined 0.7% year over year.

SLM (NASDAQ:SLM - Get Free Report) had its price target cut by stock analysts at JPMorgan Chase & Co. from $25.00 to $22.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has an "underweight" rating on the credit services provider's stock. JPMorgan Chase & Co.'s price objective would indicate a potential downside of 5.40% from the company's current price.

A number of other research firms have also recently issued reports on SLM. Morgan Stanley lifted their price objective on SLM from $27.00 to $28.00 and gave the company an "equal weight" rating in a research report on Monday, July 20th. Barclays reiterated an "equal weight" rating and issued a $26.00 target price (down from $30.00) on shares of SLM in a research note on Tuesday, July 7th. Wall Street Zen cut SLM from a "hold" rating to a "sell" rating in a research report on Saturday, July 25th. Royal Bank Of Canada lowered their target price on SLM from $29.00 to $28.00 and set an "outperform" rating on the stock in a report on Friday. Finally, Wells Fargo & Company set a $28.00 price objective on shares of SLM in a research note on Friday, July 24th. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $29.40.

SLM Price Performance

SLM stock traded up $0.73 during mid-day trading on Monday, hitting $23.25. The company's stock had a trading volume of 1,174,621 shares, compared to its average volume of 3,023,972. SLM has a twelve month low of $17.77 and a twelve month high of $31.06. The stock's fifty day moving average price is $25.57 and its two-hundred day moving average price is $23.94. The stock has a market capitalization of $4.37 billion, a P/E ratio of 6.51, a P/E/G ratio of 1.54 and a beta of 0.96. The company has a quick ratio of 1.32, a current ratio of 1.33 and a debt-to-equity ratio of 2.63.

SLM (NASDAQ:SLM - Get Free Report) last announced its earnings results on Thursday, July 23rd. The credit services provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.17). SLM had a net margin of 26.09% and a return on equity of 33.81%. The company had revenue of $401.11 million for the quarter, compared to analysts' expectations of $409.22 million. During the same period in the prior year, the company earned $0.32 earnings per share. The company's revenue for the quarter was down .7% on a year-over-year basis. SLM has set its FY 2026 guidance at 3.100-3.200 EPS. Research analysts forecast that SLM will post 3.12 earnings per share for the current year.

Institutional Investors Weigh In On SLM

Several hedge funds and other institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its holdings in shares of SLM by 19.4% in the first quarter. EverSource Wealth Advisors LLC now owns 3,081 shares of the credit services provider's stock valued at $66,000 after purchasing an additional 501 shares in the last quarter. Versant Capital Management Inc boosted its position in SLM by 48.7% during the third quarter. Versant Capital Management Inc now owns 2,016 shares of the credit services provider's stock valued at $46,000 after purchasing an additional 660 shares during the last quarter. Allworth Financial LP grew its position in SLM by 202.3% in the second quarter. Allworth Financial LP now owns 2,116 shares of the credit services provider's stock worth $55,000 after acquiring an additional 1,416 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in SLM by 52.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,819 shares of the credit services provider's stock worth $109,000 after purchasing an additional 1,650 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in SLM by 16.3% in the 3rd quarter. GAMMA Investing LLC now owns 13,461 shares of the credit services provider's stock valued at $305,000 after buying an additional 1,882 shares during the last quarter. Institutional investors own 98.94% of the company's stock.

SLM Company Profile

SLM Corp., operating under the Sallie Mae brand, is a financial services company focused on education financing. It primarily provides private student loans to undergraduate and graduate students, as well as education loans for parents and other creditworthy borrowers. Sallie Mae also offers related products and resources designed to help families plan and pay for college.

The company's private education loans can be used for eligible expenses such as tuition, fees, books, supplies, and living costs.

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