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SLM Reaches New 52-Week High (SLM)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- SLM (Nasdaq: SLM) hit a new 52-week high Friday as it is currently trading at $18.26, above its previous 52-week high of $18.18 with 1.4 million shares traded as of 11:16 a.m. ET. Average volume has been 3.3 million shares over the past 30 days.

SLM has a market cap of $8.24 billion and is part of the financial sector and financial services industry. Shares are up 0.2% year to date as of the close of trading on Thursday.

SLM Corporation, through its subsidiaries, originates, acquires, finances, and services private education loans in the United States. It offers processing capabilities to educational institutions, 529 college-savings plan program management services, and a consumer savings network. The company has a P/E ratio of nine, below the S&P 500 P/E ratio of 17.7.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

TheStreet Ratings rates SLM as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full SLM Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

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