Barclays analyst Terry Ma maintains $SLM Corp (SLM.US)$ with a buy rating, and adjusts the target price from $23 to $27.
According to TipRanks data, the analyst has a success rate of 53.2% and a total average return of 1.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $SLM Corp (SLM.US)$'s main analysts recently are as follows:
The assessment of SLM's prospects has improved alongside a Q3 earnings preview for the mortgage finance sector. A notable decline in the 30-year mortgage rate since Q2 has spurred a significant increase in refinance applications, which are up 90% compared to the same period last year. The trend suggests a favorable environment, and there's an acknowledgment of the increasingly optimistic outlook for entities with balanced business models.
Consumer finance stocks have exceeded anticipated performance, with an average total return of 18% year-to-date. This trend has been largely attributed to multiple expansion, as opposed to positive revisions to earnings. Investors are advised to consider taking profits opportunistically. The current market outlook seems uncertain yet balanced, with a perceived overemphasis on 'Base' and 'Bull' case scenarios, and an underestimation of 'Bear' case or tail-risk scenarios.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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