Nelnet Inc. Hits New 52-Week High at $42.06 (NNI)
Shares of Nelnet (NYSE:NNI) hit a new 52-week high during trading on Monday, Stock Ratings Network reports. The stock traded as high as $42.06 and last traded at $41.75, with a volume of 49,158 shares trading hands. The stock had previously closed at $41.35.
A number of analysts have recently weighed in on NNI shares. Analysts at Credit Suisse raised their price target on shares of Nelnet from $39.00 to $44.00 in a research note to investors on Monday, August 12th. They now have an “outperform” rating on the stock. Analysts at Compass Point raised their price target on shares of Nelnet from $44.00 to $47.00 in a research note to investors on Monday, August 12th. They now have a “buy” rating on the stock.
Nelnet has a 1-year low of $23.17 and a 1-year high of $42.06. The stock has a 50-day moving average of $38.41 and a 200-day moving average of $37.40. The company has a market cap of $1.943 billion and a P/E ratio of 7.43.
Nelnet (NYSE:NNI) last released its earnings data on Thursday, August 8th. The company reported $1.53 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.25 by $0.28. During the same quarter last year, the company posted $1.13 earnings per share. On average, analysts predict that Nelnet will post $5.53 earnings per share for the current fiscal year.
Nelnet, Inc is an education services company focused primarily on providing fee-based processing services and education-related products and services in four core areas: asset management and finance, loan servicing, payment processing, and enrollment services (NYSE:NNI).
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