Wells Fargo Thinks SLM Corporation’s Stock is Going to Recover

In a report released today, Michael Kaye from Wells Fargo maintained a Buy rating on SLM Corporation (SLM). The company’s shares closed yesterday at $9.28, close to its 52-week low of $9.24.

Kaye has an average return of 10.8% when recommending SLM Corporation.

According to TipRanks.com, Kaye is ranked #3695 out of 5108 analysts.

Currently, the analyst consensus on SLM Corporation is a Moderate Buy with an average price target of $13.

See today’s analyst top recommended stocks >>

Based on SLM Corporation’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $104 million. In comparison, last year the company had a net profit of $76.37 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.