NN, Inc. (NASDAQ:NNBR) Receives $15.50 Consensus Price Target from Analysts

NN, Inc. (NASDAQ:NNBR) has been assigned a consensus recommendation of “Hold” from the nine brokerages that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $15.50.

A number of analysts have recently issued reports on the stock. BidaskClub upgraded shares of NN from a “strong sell” rating to a “sell” rating in a report on Tuesday, September 10th. Zacks Investment Research downgraded shares of NN from a “hold” rating to a “sell” rating in a report on Thursday, August 15th. Finally, ValuEngine upgraded shares of NN from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 4th.

Several hedge funds and other institutional investors have recently bought and sold shares of NNBR. Dimensional Fund Advisors LP raised its holdings in shares of NN by 11.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,593,354 shares of the industrial products company’s stock valued at $17,401,000 after purchasing an additional 261,457 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of NN by 343.0% in the first quarter. BNP Paribas Arbitrage SA now owns 8,763 shares of the industrial products company’s stock valued at $66,000 after purchasing an additional 6,785 shares during the last quarter. Rhumbline Advisers grew its stake in shares of NN by 17.2% in the first quarter. Rhumbline Advisers now owns 57,927 shares of the industrial products company’s stock valued at $434,000 after buying an additional 8,513 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of NN by 184.7% in the first quarter. Victory Capital Management Inc. now owns 143,900 shares of the industrial products company’s stock valued at $1,078,000 after buying an additional 93,350 shares in the last quarter. Finally, Penn Capital Management Co. Inc. grew its stake in shares of NN by 3.6% in the first quarter. Penn Capital Management Co. Inc. now owns 209,423 shares of the industrial products company’s stock valued at $1,569,000 after buying an additional 7,213 shares in the last quarter. Institutional investors own 93.42% of the company’s stock.



NNBR stock traded up $0.04 during mid-day trading on Thursday, hitting $7.10. 369,290 shares of the company were exchanged, compared to its average volume of 326,756. The company has a debt-to-equity ratio of 2.42, a quick ratio of 1.27 and a current ratio of 2.13. The firm has a market cap of $261.00 million, a P/E ratio of 6.07 and a beta of 1.69. The firm’s 50 day simple moving average is $6.76 and its 200 day simple moving average is $8.13. NN has a 1-year low of $5.55 and a 1-year high of $16.23.

NN (NASDAQ:NNBR) last announced its earnings results on Thursday, August 8th. The industrial products company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). NN had a positive return on equity of 8.04% and a negative net margin of 30.86%. The company had revenue of $221.70 million for the quarter, compared to analyst estimates of $217.95 million. During the same quarter last year, the business posted $0.38 earnings per share. The business’s quarterly revenue was up 12.9% on a year-over-year basis. On average, equities research analysts predict that NN will post 1.07 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Monday, September 9th were issued a $0.07 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.94%. NN’s dividend payout ratio (DPR) is presently 23.93%.

About NN

NN, Inc, a diversified industrial company, designs and manufactures high-precision components and assemblies in the United States, Europe, Asia, Canada, Mexico, South America, and internationally. It operates through Autocam Precision Components Group and Precision Engineered Products Group segments.

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Analyst Recommendations for NN (NASDAQ:NNBR)

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