On 5/10/24, Nelnet Inc. (NYSE: NNI) stock enjoyed a major increase of 10.8%, closing at $109.19. Moreover, this advance was accompanied by unusually high trading volume at 196% of normal. The stock has performed in line with the market over the last nine months and has risen 13.9% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, NNI is expected to continue to be a modest Value Builder.
Nelnet has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Nelnet has a good Appreciation Score of 73 but a neutral Power Rating of 43, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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