NN (NASDAQ:NNBR) had its target price dropped by investment analysts at Stifel Nicolaus from $29.00 to $28.00 in a research note issued to investors on Monday. The firm currently has a “hold” rating on the industrial products company’s stock. Stifel Nicolaus’ target price points to a potential upside of 13.36% from the company’s current price.
Several other analysts have also recently commented on the company. Zacks Investment Research upgraded NN from a “sell” rating to a “hold” rating in a report on Thursday, November 30th. ValuEngine cut NN from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Finally, BidaskClub cut NN from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $32.25.
NN (NASDAQ:NNBR) traded down $0.43 during trading on Monday, hitting $24.70. The stock had a trading volume of 18,589 shares, compared to its average volume of 109,726. NN has a one year low of $22.15 and a one year high of $32.90. The company has a debt-to-equity ratio of 1.80, a current ratio of 3.16 and a quick ratio of 2.72. The firm has a market capitalization of $692.78, a P/E ratio of 18.40 and a beta of 0.83.
Hedge funds have recently made changes to their positions in the stock. Earnest Partners LLC bought a new stake in NN in the fourth quarter valued at approximately $135,000. Capital Fund Management S.A. bought a new stake in NN in the fourth quarter valued at approximately $215,000. Teacher Retirement System of Texas bought a new stake in NN in the fourth quarter valued at approximately $247,000. Voya Investment Management LLC boosted its holdings in NN by 20.0% in the second quarter. Voya Investment Management LLC now owns 12,222 shares of the industrial products company’s stock valued at $335,000 after acquiring an additional 2,037 shares during the last quarter. Finally, American Century Companies Inc. bought a new stake in NN in the third quarter valued at approximately $343,000. Institutional investors and hedge funds own 95.81% of the company’s stock.
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NN Company Profile
NN, Inc is a diversified industrial company and a global manufacturer of high precision components and assemblies to a range of markets on a global basis. The Company’s operating segments include: the Precision Engineered Products Group and the Autocam Precision Components Group. Precision Engineered Products Group combines materials science capability with engineering and production solutions to design and manufacture a range of high-precision metal and plastic components, assemblies and finished devices for the medical, electrical, automotive and aerospace end markets.
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