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

In a report issued on July 28, Jon Arfstrom from RBC Capital maintained a Buy rating on SLM (SLMResearch Report), with a price target of $20.00. The company’s shares closed last Friday at $15.60, close to its 52-week low of $14.60.

According to TipRanks.com, Arfstrom is a 5-star analyst with an average return of 20.4% and a 56.1% success rate. Arfstrom covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Provident Financial Services, and Old National Bancorp Capital.

Currently, the analyst consensus on SLM is a Moderate Buy with an average price target of $19.92, a 28.4% upside from current levels. In a report issued on July 15, Citigroup also maintained a Buy rating on the stock with a $18.00 price target.

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The company has a one-year high of $20.88 and a one-year low of $14.60. Currently, SLM has an average volume of 2.84M.

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SLM Corp. engages in the origination, servicing, and administration of education loans. Its services include private education loans, banking, college savings, and insurance services. The company was founded in 1972 and is headquartered in Newark, DE.

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