NN, Inc. (NASDAQ:NNBR)‘s stock had its “market perform” rating reiterated by analysts at William Blair in a research note issued to investors on Thursday.
Other analysts have also issued reports about the company. BidaskClub lowered NN from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. Stifel Nicolaus reissued a “hold” rating and issued a $29.00 price target on shares of NN in a research note on Friday, August 4th. Zacks Investment Research lowered NN from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 9th. TheStreet raised NN from a “c+” rating to a “b” rating in a research note on Monday, June 5th. Finally, ValuEngine raised NN from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $30.25.
NN (NASDAQ NNBR) opened at 26.05 on Thursday. The stock’s 50 day moving average is $27.71 and its 200 day moving average is $25.76. The firm’s market cap is $715.46 million. NN has a 12 month low of $13.43 and a 12 month high of $31.65.
NN (NASDAQ:NNBR) last posted its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The business had revenue of $225.88 million for the quarter, compared to analyst estimates of $221 million. NN had a positive return on equity of 14.58% and a negative net margin of 0.77%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.46 earnings per share. On average, equities analysts forecast that NN will post $1.62 earnings per share for the current year.
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Several institutional investors have recently added to or reduced their stakes in NNBR. D.A. Davidson & CO. purchased a new position in NN during the second quarter valued at $139,000. Envestnet Asset Management Inc. raised its position in NN by 10.3% in the first quarter. Envestnet Asset Management Inc. now owns 5,667 shares of the industrial products company’s stock valued at $143,000 after buying an additional 530 shares in the last quarter. Bank of Montreal Can purchased a new position in NN during the first quarter valued at $162,000. Highbridge Capital Management LLC purchased a new position in NN during the fourth quarter valued at $220,000. Finally, US Bancorp DE raised its position in NN by 4.5% in the first quarter. US Bancorp DE now owns 10,522 shares of the industrial products company’s stock valued at $265,000 after buying an additional 457 shares in the last quarter. 92.15% of the stock is currently owned by institutional investors and hedge funds.
NN Company Profile
NN, Inc is a diversified industrial company and a manufacturer of high precision bearing components, industrial plastic products and precision metal components to a range of markets on a global basis. The Company operates through three segments: the Precision Bearing Components Group, the Precision Engineered Products Group and the Autocam Precision Components Group.
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