NN (NASDAQ: NNBR) has recently received a number of price target changes and ratings updates:

  • 8/17/2017 – NN had its “market perform” rating reaffirmed by analysts at William Blair.
  • 8/9/2017 – NN was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “NN, Inc. is an independent manufacturer and supplier of high quality, precision steel balls and rollers to both domestic and international anti-friction bearing manufacturers. Precision steel balls and rollers are critical moving parts of anti-friction bearings used in a wide variety of automotive, industrial and other applications. NN also manufacturers a full line of precision injection molded components serving the bearing, automotive, instrumentation, fiber optic and consumer hardware markets. (PRESS RELEASE) “
  • 8/4/2017 – NN had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $29.00 price target on the stock.
  • 8/2/2017 – NN was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/27/2017 – NN was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/12/2017 – NN was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “NN, Inc. is an independent manufacturer and supplier of high quality, precision steel balls and rollers to both domestic and international anti-friction bearing manufacturers. Precision steel balls and rollers are critical moving parts of anti-friction bearings used in a wide variety of automotive, industrial and other applications. NN also manufacturers a full line of precision injection molded components serving the bearing, automotive, instrumentation, fiber optic and consumer hardware markets. (PRESS RELEASE) “
  • 7/11/2017 – NN had its “market perform” rating reaffirmed by analysts at William Blair.
  • 7/5/2017 – NN was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “NN, Inc. is an independent manufacturer and supplier of high quality, precision steel balls and rollers to both domestic and international anti-friction bearing manufacturers. Precision steel balls and rollers are critical moving parts of anti-friction bearings used in a wide variety of automotive, industrial and other applications. NN also manufacturers a full line of precision injection molded components serving the bearing, automotive, instrumentation, fiber optic and consumer hardware markets. (PRESS RELEASE) “

NN, Inc. (NNBR) traded down 0.79% during midday trading on Monday, hitting $25.25. The company’s stock had a trading volume of 35,307 shares. The company’s market cap is $695.39 million. NN, Inc. has a 52-week low of $13.43 and a 52-week high of $31.65. The stock has a 50 day moving average of $27.59 and a 200 day moving average of $25.81.

NN (NASDAQ:NNBR) last released its earnings results on Wednesday, August 2nd. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $221 million. During the same period last year, the business earned $0.46 earnings per share. The business’s revenue was up 5.4% on a year-over-year basis. On average, equities analysts expect that NN, Inc. will post $1.62 EPS for the current year.

The firm also recently announced 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. The ex-dividend date is Wednesday, August 30th. This represents a $0.28 annualized dividend and a dividend yield of 1.10%. NN’s payout ratio is -116.67%.

NN, Inc is a diversified industrial company and a manufacturer of high precision bearing components, industrial plastic products and precision metal components to a range of markets on a global basis. The Company operates through three segments: the Precision Bearing Components Group, the Precision Engineered Products Group and the Autocam Precision Components Group.

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