NN, Inc. (NASDAQ:NNBR) Given Average Rating of "Hold" by Analysts

Key Points

• Analysts have a consensus “Hold” rating on NN, Inc., with one sell, two hold and two buy recommendations. The average 12-month price target is $5.67, above the stock’s reported $3.33 price.
• Institutional investors own 53.92% of NN’s shares, with several firms recently initiating positions, though some analysts—including B. Riley Financial and Wall Street Zen—have downgraded the stock.
• NN reported quarterly earnings of $0.11 per share and revenue of $128.74 million, beating the $116.09 million revenue estimate. However, the company carries a high 7.70 debt-to-equity ratio and posted a negative net margin of 6.21%.

Shares of NN, Inc. (NASDAQ:NNBR - Get Free Report) have been assigned an average recommendation of "Hold" from the five analysts that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $5.6667.

A number of research firms have recently weighed in on NNBR. B. Riley Financial lowered NN from a "buy" rating to a "neutral" rating in a research note on Monday, May 11th. Lake Street Capital reissued a "buy" rating and issued a $7.00 price target on shares of NN in a report on Friday, August 7th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of NN in a research note on Friday, July 17th. Craig Hallum began coverage on shares of NN in a report on Monday, July 20th. They set a "buy" rating and a $7.00 target price for the company. Finally, Wall Street Zen cut NN from a "buy" rating to a "hold" rating in a research note on Sunday, August 16th.

Institutional Investors Weigh In On NN

Large investors have recently made changes to their positions in the business. Addison Advisors LLC purchased a new position in shares of NN during the second quarter valued at approximately $39,000. AIGH Capital Management LLC purchased a new stake in NN in the second quarter worth $41,000. AssuredPartners Investment Advisors LLC bought a new stake in NN in the second quarter valued at $44,000. Two Sigma Investments LP purchased a new position in NN during the 3rd quarter valued at $27,000. Finally, Nierenberg Investment Management Company LLC purchased a new position in NN during the 2nd quarter valued at $48,662. 53.92% of the stock is currently owned by institutional investors.

NN Stock Performance

NASDAQ NNBR opened at $3.33 on Wednesday. The firm has a market cap of $274.99 million, a price-to-earnings ratio of -3.47 and a beta of 2.61. The company has a 50-day simple moving average of $3.51 and a two-hundred day simple moving average of $2.59. The company has a quick ratio of 1.08, a current ratio of 1.79 and a debt-to-equity ratio of 7.70. NN has a 12-month low of $1.10 and a 12-month high of $4.48.

NN (NASDAQ:NNBR - Get Free Report) last released its earnings results on Wednesday, August 5th. The industrial products company reported $0.11 earnings per share for the quarter. The company had revenue of $128.74 million during the quarter, compared to analyst estimates of $116.09 million. NN had a positive return on equity of 20.38% and a negative net margin of 6.21%. On average, equities analysts forecast that NN will post 0.13 EPS for the current year.

About NN

NN, Inc NASDAQ: NNBR is a diversified industrial manufacturing company specializing in engineered metal components, powder metal parts and friction materials. Through its subsidiaries, the company develops and produces precision-rolled products for powertrain and chassis applications, engineered friction products for brake and transmission systems, and various metal powders used in automotive, industrial and energy markets. Its offerings span a wide range of component sizes and complexity, from thin‐gauge strips for hybrid and electric vehicle applications to high‐volume sintered parts for commercial and consumer products.

The company's operations are organized into three business segments.

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