NN (NASDAQ:NNBR)‘s stock had its “buy” rating reissued by equities research analysts at SunTrust Banks in a research note issued to investors on Sunday. They presently have a $33.00 target price on the industrial products company’s stock. SunTrust Banks’ target price would indicate a potential upside of 67.51% from the stock’s previous close.
A number of other equities research analysts have also commented on the company. Zacks Investment Research upgraded NN from a “sell” rating to a “hold” rating in a research report on Tuesday, August 7th. ValuEngine raised NN from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 31st. BidaskClub raised NN from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 31st. Finally, KeyCorp cut their price target on NN from $36.00 to $28.00 and set an “overweight” rating for the company in a research note on Monday, July 16th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. NN currently has a consensus rating of “Hold” and an average target price of $28.75.
Shares of NN traded down $0.35, reaching $19.70, during midday trading on Friday, Marketbeat Ratings reports. The company had a trading volume of 261,406 shares, compared to its average volume of 194,416. The company has a quick ratio of 3.02, a current ratio of 3.77 and a debt-to-equity ratio of 1.62. NN has a 1-year low of $18.05 and a 1-year high of $32.90. The firm has a market capitalization of $554.71 million, a price-to-earnings ratio of 12.71 and a beta of 1.02.
Institutional investors and hedge funds have recently bought and sold shares of the company. A.R.T. Advisors LLC bought a new position in shares of NN in the 1st quarter valued at approximately $239,000. MetLife Investment Advisors LLC acquired a new stake in NN in the 4th quarter valued at approximately $350,000. Stifel Financial Corp grew its holdings in NN by 33.3% in the 1st quarter. Stifel Financial Corp now owns 20,000 shares of the industrial products company’s stock valued at $480,000 after buying an additional 5,000 shares during the last quarter. Rhumbline Advisers grew its holdings in NN by 13.8% in the 2nd quarter. Rhumbline Advisers now owns 28,137 shares of the industrial products company’s stock valued at $532,000 after buying an additional 3,407 shares during the last quarter. Finally, Millennium Management LLC acquired a new stake in NN in the 4th quarter valued at approximately $610,000. 98.74% of the stock is owned by institutional investors.
NN, Inc, a diversified industrial company, designs and manufactures high-precision components and assemblies in the United States, Europe, Asia, Canada, Mexico, South America, and internationally. It operates through Autocam Precision Components Group and Precision Engineered Products Group segments.
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