NN Stock Rating Lowered by Zacks (NNBR)
NN (NASDAQ:NNBR) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued on Tuesday. They currently have a $28.50 target price on the stock. Zacks‘s price target indicates a potential upside of 12.16% from the company’s current price.
NNBR has been the subject of a number of other recent research reports. Analysts at KeyCorp reiterated a “buy” rating on shares of NN in a research note on Tuesday, May 20th. They now have a $28.00 price target on the stock, up previously from $24.00. Analysts at Singular Research raised their price target on shares of NN from $24.00 to $27.00 in a research note on Monday, May 12th. They now have a “buy” rating on the stock.
Shares of NN (NASDAQ:NNBR) traded down 0.71% on Tuesday, hitting $25.23. The stock had a trading volume of 92,602 shares. NN has a 1-year low of $11.64 and a 1-year high of $26.45. The stock’s 50-day moving average is $24.99 and its 200-day moving average is $20.99. The company has a market cap of $447.8 million and a price-to-earnings ratio of 22.69.
NN (NASDAQ:NNBR) last announced its earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.29 by $0.02. The company had revenue of $102.53 million for the quarter, compared to the consensus estimate of $101.30 million. During the same quarter last year, the company posted $0.21 earnings per share. NN’s revenue was up 9.3% compared to the same quarter last year. On average, analysts predict that NN will post $1.39 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.
To view Zacks’ full report, visit Zacks’ official website.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.