NN, Inc. (NNBR) Receives Consensus Rating of “Hold” from Analysts
NN, Inc. (NASDAQ:NNBR) has been given an average rating of “Hold” by the eight research firms that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $32.00.
A number of research analysts have issued reports on the stock. William Blair restated a “market perform” rating on shares of NN in a research report on Tuesday, July 11th. ValuEngine raised shares of NN from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research downgraded shares of NN from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. TheStreet raised shares of NN from a “c+” rating to a “b” rating in a report on Monday, June 5th. Finally, BidaskClub downgraded shares of NN from a “hold” rating to a “sell” rating in a report on Thursday, July 27th.
COPYRIGHT VIOLATION WARNING: This article was first published by American Banking News and is owned by of American Banking News. If you are reading this article on another publication, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/08/30/nn-inc-nnbr-receives-consensus-rating-of-hold-from-analysts.html.
A number of institutional investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company increased its position in shares of NN by 0.6% in the second quarter. The Manufacturers Life Insurance Company now owns 21,090 shares of the industrial products company’s stock valued at $579,000 after buying an additional 126 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of NN by 0.7% in the first quarter. Wells Fargo & Company MN now owns 25,214 shares of the industrial products company’s stock valued at $635,000 after buying an additional 176 shares during the last quarter. US Bancorp DE increased its position in shares of NN by 4.5% in the first quarter. US Bancorp DE now owns 10,522 shares of the industrial products company’s stock valued at $265,000 after buying an additional 457 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of NN by 10.3% in the first quarter. Envestnet Asset Management Inc. now owns 5,667 shares of the industrial products company’s stock valued at $143,000 after buying an additional 530 shares during the last quarter. Finally, Teachers Advisors LLC increased its position in shares of NN by 1.5% in the second quarter. Teachers Advisors LLC now owns 49,164 shares of the industrial products company’s stock valued at $1,350,000 after buying an additional 706 shares during the last quarter. 91.12% of the stock is owned by institutional investors and hedge funds.
NN (NNBR) traded down 0.421% during trading on Wednesday, hitting $24.825. The stock had a trading volume of 10,164 shares. NN has a 52 week low of $13.43 and a 52 week high of $31.65. The company’s market cap is $683.68 million. The stock has a 50-day moving average price of $27.32 and a 200-day moving average price of $26.03.
NN (NASDAQ:NNBR) last announced its earnings results on Wednesday, August 2nd. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.03. NN had a negative net margin of 0.77% and a positive return on equity of 14.58%. The firm had revenue of $225.88 million for the quarter, compared to analyst estimates of $221 million. During the same quarter in the prior year, the business posted $0.46 EPS. The business’s revenue was up 5.4% compared to the same quarter last year. Equities analysts predict that NN will post $1.62 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Wednesday, August 30th. NN’s dividend payout ratio (DPR) is presently -116.67%.
NN Company Profile
NN, Inc is a diversified industrial company and a global manufacturer of high precision components and assemblies to a range of markets on a global basis. The Company’s operating segments include: the Precision Engineered Products Group and the Autocam Precision Components Group. Precision Engineered Products Group combines materials science capability with engineering and production solutions to design and manufacture a range of high-precision metal and plastic components, assemblies and finished devices for the medical, electrical, automotive and aerospace end markets.
Receive News & Ratings for NN Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NN Inc. and related companies with MarketBeat.com's FREE daily email newsletter.