In a report published Monday, Compass Point analyst Michael Tarkan reiterated a Buy rating and $54.00 price target on Nelnet, Inc. NNI.
In the report, Compass Point noted, "We are reiterating our Buy rating and $54 price target on NNI after the company reported mixed 4Q14 earnings as weaker spreads were offset by continued M&A activity and stronger non-core income. While the quarter was generally underwhelming, we continue to view NNI as a low-risk, high reward investment given the company's large government-guaranteed loan portfolio, growing servicing business, strong cash flow generation, M&A catalysts, and robust excess capital position."
Nelnet closed on Friday at $46.62.
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