Recent exceptional positive changes in investment behavior have benefitted Nelnet Inc. (NYSE: NNI): the stock rose on very heavy volume, and the stock’s recent price rise disrupted its longer term downtrend.
Nelnet Inc. (NYSE: NNI) has benefited from notable positive changes in fundamentals. Positive developments: the consensus estimate for December, 2024 increased significantly, the stock’s power rating rose above 70, and the consensus estimate for December, 2025 increased significantly. Negative development: significant quarterly sales deceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
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 A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Nelnet has a good Power Rating of 74 and a good Appreciation Score of 76, producing the Highest Value Trend Rating.
Recent Price Action
Nelnet Inc. (NYSE: NNI) stock rose modestly by 0.3% on 6/28/24. The stock closed at $100.86. Moreover, exceptionally high trading volume at 367% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 0.7% during the last week.
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