NN Downgraded by Zacks to “Neutral” (NNBR)
NN (NASDAQ:NNBR) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued on Tuesday, Stock Ratings Network.com reports. They currently have a $22.50 price objective on the stock. Zacks‘ price target indicates a potential upside of 10.84% from the stock’s previous close.
Separately, analysts at KeyCorp raised their price target on shares of NN from $20.00 to $24.00 in a research note to investors on Monday.
Shares of NN (NASDAQ:NNBR) traded up 2.61% on Tuesday, hitting $20.83. 74,312 shares of the company’s stock traded hands. NN has a 52 week low of $8.32 and a 52 week high of $21.42. The stock has a 50-day moving average of $19.62 and a 200-day moving average of $15.56. The company has a market cap of $363.5 million and a price-to-earnings ratio of 16.65.
NN (NASDAQ:NNBR) last announced its earnings results 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. On average, analysts predict that NN will post $1.04 earnings per share for the current fiscal year.
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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