NN, Inc. (NASDAQ:NNBR) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Thursday.
Other analysts have also issued research reports about the stock. TheStreet upgraded shares of NN from a “c+” rating to a “b” rating in a research report on Monday, June 5th. Zacks Investment Research lowered shares of NN from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. William Blair reiterated a “market perform” rating on shares of NN in a research report on Tuesday, July 11th. SunTrust Banks, Inc. began coverage on shares of NN in a research report on Thursday, June 15th. They set a “buy” rating and a $37.00 price target on the stock. They noted that the move was a valuation call. Finally, ValuEngine upgraded shares of NN from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. NN currently has an average rating of “Hold” and an average target price of $30.67.
Shares of NN (NASDAQ:NNBR) traded down 0.71% on Thursday, hitting $27.85. The stock had a trading volume of 123,736 shares. NN has a 12-month low of $13.43 and a 12-month high of $31.65. The firm has a market capitalization of $764.90 million, a P/E ratio of 45.66 and a beta of 0.63. The company has a 50 day moving average of $28.38 and a 200-day moving average of $24.99.
NN (NASDAQ:NNBR) last posted its quarterly earnings results on Thursday, May 4th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.05. The business had revenue of $226.31 million for the quarter, compared to analyst estimates of $215.86 million. NN had a net margin of 2.00% and a return on equity of 14.04%. Equities analysts predict that NN will post $1.61 EPS for the current fiscal year.
A number of hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. raised its stake in shares of NN by 10.3% in the first quarter. Envestnet Asset Management Inc. now owns 5,667 shares of the industrial products company’s stock worth $143,000 after buying an additional 530 shares in the last quarter. Bank of Montreal Can bought a new stake in shares of NN during the first quarter worth $162,000. US Bancorp DE raised its stake in shares of NN by 4.5% in the first quarter. US Bancorp DE now owns 10,522 shares of the industrial products company’s stock worth $265,000 after buying an additional 457 shares in the last quarter. Highbridge Capital Management LLC bought a new stake in shares of NN during the fourth quarter worth $220,000. Finally, American International Group Inc. raised its stake in shares of NN by 7.1% in the first quarter. American International Group Inc. now owns 16,153 shares of the industrial products company’s stock worth $407,000 after buying an additional 1,064 shares in the last quarter. Hedge funds and other institutional investors own 96.04% of the company’s stock.
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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