SLM Corporation (NASDAQ:SLM) reached $4.31B by 06-December-18 in the wake of -0.1% downturn. The shares gained some momentum after bears carried it down to $9.5214. The final price for the day of 9.9 was still down from $9.91. The stock remained range bound between $9.5214 and $9.91. Trading activity significantly improved as the volume at ready counter increased to 4,399,807 shares versus 3,203,030 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 3,150,868 shares. The stock is now 1.23% above against its bear-market low of $9.78 on December 06, 2018. It has retreated -25.86% since it’s 52-week high of $12.46 reached in April. Now the market price is down -14.43% on the year and down -12.39% YTD.
SLM’s 50 day simple moving average (SMA 50) price is $10.45 and its 200-day simple moving average (SMA 200) price is $11.24. The company’s stock currently has a total float of 433.75M shares. Its weekly volatility is hovering around 3.27% and felt 2.81% volatility in price over a month. On the upside, the share price will test short term resistance at around $10.03. On a downside, the stock is likely to find some support, which begins at $9.64. The failure to get near-term support could push it to $9.39.
Separately, it has been reported that multiple insider activity took place at SLM Corporation (SLM). EVP & Chief Admin Officer Thome Paul F sold 22,104 shares for $207,230 in transaction occurred on 2018/08/03. After making this transaction, the EVP & Chief Admin Officer owns a direct stake of 246,018 shares, worth $2,051,577, as per the last closing price. On 2018/06/06 Mcgarry Steven, EVP & CFO at SLM, dumped 95,584 shares at an average price of $11.88 per share. The selling total is valued at $2,430,212.
SVP, General Counsel, Jafarieh Nicolas had divested 8,911 shares for $51,809 through a trade on 2018/05/21. Following this activity, the insider holds 104,080 shares worth $512,909 as of recent close. Wall Street’s most bullish SLM Corporation (NASDAQ:SLM) analysts are predicting the share price to blow past $17 per share during the next 12 months. The current median share price forecast by them is $14.63, suggesting that the stock could increase 47.78% in that time frame. The average price target of $14.73 calls for a nearly 48.79% increase in the stock price.
It had seen a new analyst call from Stephens, which initiated the stock at Overweight on July 10. Analysts at Wells Fargo, started covering the stock on April 04 with a Outperform rating. Brokerage firm B. Riley FBR, Inc., looks cautious as they stick to prior recommendation of Buy, in a call on January 19. However, they did change the target price from $14 to $13. Citigroup, released new analyst coverage on October 17, calling the stock is Buy.
When looking at valuations, SLM Corporation (SLM) has a cheap P/E of 13.45x as compared to industry average of 44.45x. Moreover, it trades for 8.22 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 1.77x price/book and 2.4x price/sales. Compared to others, SLM Corporation is in a different league with regards to profitability, having net margins of 20.7%. To put some perspective around this, the industry’s average net margin is 12.88%. SLM’s ROE is 16.5%, which is also considerably better than the industry’s ROE of 11.12%.
Shares of SLM Corporation (SLM) have dropped -6.2% since the company’s last earnings report. Over the past 12 fiscal quarters, SLM Corporation (NASDAQ:SLM) has topped consensus earnings estimates in 7 quarters (58%), missed earnings in 0 quarters (0%), whereas at 5 occasion EPS met analyst expectations. SLM last reported earnings on October 22, 2018 when it released Sep-18 results that receded expectations. The company raked in $0.23 per share, -90.65% change on the same period last year. That was worse than consensus for $0.24. Revenue for the recent quarter stood at $356.63 million, up 26% on last year and above the $349.22 million predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $359.8 million to $381.96 million, which should be compared with $346.42 million generated last year. EPS is seen in a range of $0.26 to $0.28, against the $0.24 reported a year ago.