Nelnet Inc. (NYSE: NNI) suffers from significant negative changes in fundamentals: the consensus estimate for December, 2023 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2024 decreased significantly.
Nelnet Inc. (NYSE: NNI) suffers from notable negative changes in investment behavior: its shorter term price trend turned down.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns 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 (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Nelnet has a good Appreciation Score of 83 but a poor Power Rating of 29, with the Neutral Value Trend Rating the result.
Recent Price Action
Nelnet Inc. (NYSE: NNI) stock closed at $83.04 on 1/12/24 after a slight gain of 0.2%. Moreover, this advance was accompanied by unusually high trading volume at 181% of normal. The stock has declined -3.4% during the last week and has been weak relative to the market over the last nine months.
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