SLM (SLM) Gets a Hold Rating from J.P. Morgan

J.P. Morgan analyst Richard Shane maintained a Hold rating on SLM (SLMResearch Report) yesterday and set a price target of $20.00. The company’s shares closed last Wednesday at $15.73.

According to TipRanks.com, Shane is a 5-star analyst with an average return of 13.5% and a 64.2% success rate. Shane covers the Financial sector, focusing on stocks such as Claros Mortgage Trust, Inc., Discover Financial Services, and Kkr Real Estate Finance.

SLM has an analyst consensus of Moderate Buy, with a price target consensus of $20.71.

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Based on SLM’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $397 million and net profit of $129 million. In comparison, last year the company earned revenue of $730 million and had a net profit of $641 million.

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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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