Barclays Raises Estimates on SLM Corp. (SLM); Buyback Announcement A Surprise Catalyst

May 30, 2012 1:46 PM EDT
Get Alerts SLM Hot Sheet
Price: $11.47 +1.06%

Rating Summary:
    11 Buy, 3 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
Trade SLM Now!
Join SI Premium – FREE
Barclays reiterates an 'Overweight' on SLM Corp. (NASDAQ: SLM) price target of $18.00.

Analyst, Mark C. DeVries, said, "SLM announced a $400mm addition to the existing repurchase authorization after the close Tuesday that we believe was generally unexpected by the market...after adding another $400mm of buybacks (roughly 27mm shares), we are raising our estimates for 2012 and 2013 to $2.19 and $2.28, from $2.17 and $2.24, respectively."

For an analyst ratings summary and ratings history on SLM Corp. click here. For more ratings news on SLM Corp. click here.

Shares of SLM Corp. closed at $13.80 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Stock Buybacks

Related Entities


Add Your Comment