Credit Suisse (SIX:CSGN) analyst Moshe Orenbuch maintained a Hold rating on Nelnet (NYSE:NNI) Inc on Thursday, setting a price target of $50, which is approximately 15.51% below the present share price of $59.18.
Orenbuch expects Nelnet Inc to post earnings per share (EPS) of $2.21 for the third quarter of 2020.
The current consensus among 1 TipRanks analysts is for a Hold rating of shares in Nelnet, with an average price target of $50.
The analysts price targets range from a high of $50 to a low of $50.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $296.9 million and a net profit of $0. The company's market cap is $2.47 billion.
According to TipRanks.com, Credit Suisse analyst Moshe Orenbuch is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 9.2% and a 63.81% success rate.
Nelnet, Inc. engages in the provision of education-related products and services, as well as loan asset management. It operates through the business following segments: Loan Systems & Servicing, Education Technology, Services and Payment Processing, Communications, and Asset Generation and Management. The System & Servicing segment specializes in student loan portfolio and the portfolios of third parties such as loan conversion activities, application processing, borrower updates, customer service, payment processing, due diligence procedures, funds management reconciliations, and claim processing. The Education Technology, Services and Payment Processing segment provides products and services to help students and families manage the payment of education costs at all levels, as well as school information system software for private and faith-based schools that help schools automate administrative processes such as admissions, scheduling, student billing, attendance, and grade book management. The Communications segment is the operation of Allo Communications LLC which provides pure optic service to homes and businesses for internet, broadband, television, and telephone services. The Asset Generation & Management segment is the acquisition, management, and ownership of student loan assets. The company was founded by Michael S. Dunlap and Stephen F. Butterfield in 1977 and is headquartered in Lincoln, NE.