Nelnet Given New $36.00 Price Target at Credit Suisse (NNI)
Research analysts at Credit Suisse raised their target price on shares of Nelnet (NYSE: NNI) from $33.00 to $36.00 in a report released on Monday. The firm currently has an “outperform” rating on the stock.
Shares of Nelnet traded down 0.67% during mid-day trading on Monday, hitting $34.24. Nelnet has a one year low of $21.49 and a one year high of $35.55. The stock’s 50-day moving average is currently $31.9. The company has a market cap of $1.593 billion and a P/E ratio of 9.22.
Nelnet last issued its quarterly earnings data on Thursday, February 28th. The company reported $1.05 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.13 by $0.08. During the same quarter last year, the company posted $1.29 earnings per share. On average, analysts predict that Nelnet will post $4.93 earnings per share for the current fiscal year.
Separately, analysts at Compass Point initiated coverage on shares of Nelnet in a research note to investors on Friday. They set a “buy” rating and a $41.00 price target on the stock.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 15th. Stockholders of record on Friday, March 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Wednesday, February 27th.
Nelnet, Inc. is a transaction processing and finance company focused primarily on providing education related products and services to students, families, schools and financial institutions nationwide.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.