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

Key Points

• NN, Inc. has a consensus “Hold” rating from five analysts, with one sell, two hold, and two buy recommendations. The average 12-month price target is $5.67, above the stock’s reported opening price of $3.67.
• NN reported quarterly EPS of $0.11 and revenue of $128.74 million, exceeding the $116.09 million analyst revenue estimate. Analysts expect full-year EPS of approximately $0.15.
• The stock has gained 1.9% and trades above its 50-day and 200-day moving averages, but carries significant leverage with a debt-to-equity ratio of 7.70. Institutional investors own 53.92% of the shares.

NN, Inc. (NASDAQ:NNBR - Get Free Report) has been assigned a consensus rating of "Hold" from the five research firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $5.67.

A number of analysts recently issued reports on NNBR shares. Craig Hallum began coverage on NN in a research note on Monday, July 20th. They set a "buy" rating and a $7.00 price objective on the stock. Wall Street Zen upgraded NN from a "hold" rating to a "buy" rating in a research note on Saturday, September 19th. Lake Street Capital reaffirmed a "buy" rating and set a $7.00 target price on shares of NN in a report on Friday, August 7th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of NN in a report on Friday, July 17th.

NN Stock Up 1.9%

NN stock opened at $3.67 on Friday. NN has a 1-year low of $1.10 and a 1-year high of $4.48. The firm has a market capitalization of $303.07 million, a price-to-earnings ratio of -3.82 and a beta of 2.61. The company has a current ratio of 1.79, a quick ratio of 1.08 and a debt-to-equity ratio of 7.70. The firm has a 50 day simple moving average of $3.57 and a 200 day simple moving average of $2.83.

NN (NASDAQ:NNBR - Get Free Report) last posted its earnings results on Wednesday, August 5th. The industrial products company reported $0.11 earnings per share (EPS) for the quarter. NN had a positive return on equity of 20.38% and a negative net margin of 6.21%.The firm had revenue of $128.74 million for the quarter, compared to the consensus estimate of $116.09 million. On average, analysts predict that NN will post 0.15 earnings per share for the current year.

Hedge Funds Weigh In On NN

Large investors have recently modified their holdings of the company. State Street Corp lifted its stake in NN by 6.6% in the 2nd quarter. State Street Corp now owns 224,344 shares of the industrial products company's stock worth $805,000 after purchasing an additional 13,835 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in NN in the 2nd quarter valued at $54,000. AXQ Capital LP purchased a new position in shares of NN during the 2nd quarter valued at $62,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of NN during the 2nd quarter valued at $311,000. Finally, Two Sigma Securities LLC purchased a new position in shares of NN during the 2nd quarter valued at $85,000. 53.92% of the stock is currently owned by institutional investors.

NN Company Profile

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.

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