NN, Inc. (NASDAQ:NNBR) Stock Has Average Target Price of $5.67 According to Analysts

NN, Inc. (NASDAQ:NNBR) has earned a consensus recommendation of “Hold” from the five research firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $5.67.

NNBR has been the topic of several analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of NN in a report on Friday, July 17th. Wall Street Zen upgraded shares of NN from a “hold” rating to a “buy” rating in a research note on Saturday, September 19th. Lake Street Capital restated a “buy” rating and set a $7.00 target price on shares of NN in a research note on Friday, August 7th. Finally, Craig Hallum began coverage on shares of NN in a report on Monday, July 20th. They issued a “buy” rating and a $7.00 price target for the company.

Institutional Trading of NN

Large investors have recently added to or reduced their stakes in the company. Corre Partners Management LLC bought a new position in shares of NN during the 2nd quarter worth approximately $4,446,707. BlackRock Inc. acquired a new position in shares of NN in the second quarter valued at approximately $2,743,000. Ranger Investment Management L.P. acquired a new stake in NN during the 2nd quarter worth approximately $2,040,000. Walleye Capital LLC bought a new stake in NN in the 2nd quarter valued at about $1,962,000. Finally, De Lisle Partners LLP acquired a new position in NN in the 2nd quarter valued at $1,895,000. 53.92% of the stock is owned by institutional investors.

NN Stock Performance

NNBR opened at $3.88 on Friday. The company has a debt-to-equity ratio of 7.70, a quick ratio of 1.08 and a current ratio of 1.79. The company has a market cap of $320.41 million, a PE ratio of -4.04 and a beta of 2.61. The stock has a 50-day moving average of $3.58 and a 200-day moving average of $2.87. NN has a 52-week low of $1.10 and a 52-week high of $4.48.

NN (NASDAQ:NNBR) last issued its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $0.11 earnings per share for the quarter. NN had a positive return on equity of 20.38% and a negative net margin of 6.21%.The business had revenue of $128.74 million for the quarter, compared to the consensus estimate of $116.09 million. As a group, equities research analysts forecast that NN will post 0.15 earnings per share for the current fiscal year.

About NN

NN, Inc is an industrial manufacturer that produces highly engineered components and assemblies for customers in the automotive, aerospace and defense, medical, electrical, and general industrial markets. Its products have included precision-machined and molded components, bearings, seals, and other solutions designed for applications that require tight tolerances and reliable performance.

The company historically operated through manufacturing facilities in the United States and other international locations, serving original equipment manufacturers and industrial customers across North America, Europe, and Asia.