NN Price Target Increased to $24.00 by Analysts at KeyCorp (NNBR)
Investment analysts at KeyCorp upped their price target on shares of NN (NASDAQ:NNBR) from $20.00 to $24.00 in a note issued to investors on Monday, American Banking & Market News reports. KeyCorp’s target price would suggest a potential upside of 22.20% from the stock’s previous close.
Shares of NN (NASDAQ:NNBR) opened at 19.64 on Monday. NN has a 1-year low of $8.32 and a 1-year high of $21.42. The stock has a 50-day moving average of $19.54 and a 200-day moving average of $15.41. The company has a market cap of $342.8 million and a price-to-earnings ratio of 16.04.
NN (NASDAQ:NNBR) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.29 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.29. The company had revenue of $93.00 million for the quarter, compared to the consensus estimate of $93.84 million. During the same quarter in the prior year, the company posted $0.22 earnings per share. The company’s quarterly revenue was up 7.4% on a year-over-year basis. Analysts expect that NN will post $1.04 EPS for the current fiscal year.
A number of other firms have also recently commented on NNBR. Analysts at Zacks upgraded shares of NN from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, November 11th. They now have a $18.60 price target on the stock.
In other NN news, VP James Widders sold 20,000 shares of NN stock on the open market in a transaction dated Monday, December 23rd. The stock was sold at an average price of $20.50, for a total value of $410,000.00. Following the transaction, the vice president now directly owns 14,100 shares in the company, valued at approximately $289,050. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
NN, Inc (NASDAQ:NNBR) is a manufacturer of precision balls, cylindrical and tapered rollers, bearing retainers, plastic injection molded products, precision bearing seals and precision metal components.
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