Nelnet Inc. (NYSE:NNI) has received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Brokerages have set a 12 month consensus price target of $47.00 for the company, according to Zacks. Zacks has also assigned Nelnet an industry rank of 158 out of 265 based on the ratings given to related companies.
Separately, Compass Point decreased their price target on Nelnet from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, August 8th.
Shares of Nelnet (NYSE:NNI) opened at 39.75 on Tuesday. The stock has a market capitalization of $1.69 billion, a P/E ratio of 8.45 and a beta of 0.94. Nelnet has a 12-month low of $27.80 and a 12-month high of $42.65. The firm’s 50-day moving average price is $36.70 and its 200 day moving average price is $37.50.
Nelnet (NYSE:NNI) last issued its earnings results on Thursday, August 4th. The company reported $1.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.28 by $0.15. Nelnet had a return on equity of 12.39% and a net margin of 18.26%. During the same period last year, the firm earned $1.38 earnings per share. Analysts predict that Nelnet will post $4.70 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were given a dividend of $0.12 per share. The ex-dividend date was Tuesday, August 30th. This represents a $0.48 dividend on an annualized basis and a yield of 1.21%. Nelnet’s dividend payout ratio (DPR) is presently 10.28%.
A number of large investors have recently added to or reduced their stakes in NNI. Virginia Retirement System acquired a new stake in Nelnet during the first quarter worth approximately $787,000. Teachers Advisors Inc. raised its position in shares of Nelnet by 1.7% in the first quarter. Teachers Advisors Inc. now owns 37,755 shares of the company’s stock worth $1,486,000 after buying an additional 626 shares during the last quarter. BlackRock Group LTD raised its position in shares of Nelnet by 16.4% in the first quarter. BlackRock Group LTD now owns 24,978 shares of the company’s stock worth $984,000 after buying an additional 3,521 shares during the last quarter. Spark Investment Management LLC purchased a new position in shares of Nelnet during the first quarter worth approximately $645,000. Finally, Zebra Capital Management LLC raised its position in shares of Nelnet by 70.5% in the first quarter. Zebra Capital Management LLC now owns 74,857 shares of the company’s stock worth $2,947,000 after buying an additional 30,961 shares during the last quarter. Institutional investors and hedge funds own 40.79% of the company’s stock.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Nelnet Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nelnet Inc. and related companies with MarketBeat.com's FREE daily email newsletter.