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

Key Points

• NN, Inc. has a “Moderate Buy” consensus rating from five analysts, with one sell, one hold, two buy, and one strong-buy recommendation. The average 12-month price target is $5.67, above the reported share price of $3.47.
• NN reported quarterly EPS of $0.11 and revenue of $128.74 million, exceeding analysts’ revenue expectations of $116.09 million. Analysts expect full-year EPS of approximately $0.15.
• Institutional investors own 53.92% of NN’s shares, while the company carries substantial leverage with a debt-to-equity ratio of 7.70; the stock recently traded down 2.3%.

NN, Inc. (NASDAQ:NNBR - Get Free Report) has earned an average recommendation of "Moderate Buy" from the five brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $5.67.

Several analysts recently issued reports on NNBR shares. Zacks Research upgraded NN from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 9th. Craig Hallum started coverage on NN in a report on Monday, July 20th. They issued a "buy" rating and a $7.00 price target on the stock. 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 restated a "sell (d-)" rating on shares of NN in a research note on Thursday, October 15th. Finally, Wall Street Zen upgraded NN from a "hold" rating to a "buy" rating in a research note on Saturday, September 19th.

NN Trading Down 2.3%

Shares of NN stock opened at $3.47 on Thursday. NN has a fifty-two week low of $1.10 and a fifty-two week high of $4.79. 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 capitalization of $325.28 million, a P/E ratio of -3.61 and a beta of 2.65. The company has a fifty day moving average of $3.66 and a 200 day moving average of $3.13.

NN (NASDAQ:NNBR - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $0.11 EPS 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 analysts' expectations of $116.09 million. On average, sell-side analysts anticipate that NN will post 0.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NN

Several hedge funds have recently modified their holdings of the stock. Kings Path Partners LLC bought a new position in shares of NN during the 3rd quarter valued at about $157,000. State Street Corp grew its position in shares of NN by 6.6% during the second quarter. State Street Corp now owns 224,344 shares of the industrial products company's stock valued at $805,000 after purchasing an additional 13,835 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of NN during the second quarter valued at about $54,000. AXQ Capital LP purchased a new position in shares of NN during the second quarter valued at about $62,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of NN in the second quarter worth about $311,000. Hedge funds and other institutional investors own 53.92% of the company's stock.

About NN

NN, Inc NASDAQ: NNBR is a diversified industrial company that designs and manufactures highly engineered components and assemblies for customers in the automotive, industrial, aerospace and defense, and life sciences markets. Its products include precision metal components, plastic and rubber products, and complex assemblies used in systems and equipment.

The company serves original equipment manufacturers and other industrial customers through manufacturing operations and customer relationships in North America, Europe, and Asia.

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