NN Receives $26.50 Average PT from Brokerages
Resource from: MidSouth Newz Likes:186
Nov 16,2015
NN logoShares of NN (NASDAQ:NNBR) have received an average recommendation of “Hold” from the six research firms that are presently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $26.50.
Shares of NN (NASDAQ:NNBR) opened at 15.32 on Wednesday. The firm has a market capitalization of $411.16 million and a price-to-earnings ratio of 15.89. NN has a 12 month low of $12.64 and a 12 month high of $29.91. The firm has a 50-day moving average price of $16.57 and a 200 day moving average price of $22.83.
NN (NASDAQ:NNBR) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $0.01. The company earned $154.80 million during the quarter, compared to analyst estimates of $166.79 million. NN’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.34 earnings per share. On average, analysts anticipate that NN will post $1.26 EPS for the current fiscal year.
In related news, Director G Ronald Morris bought 5,000 shares of the stock in a transaction that occurred on Thursday, November 12th. The stock was acquired at an average cost of $15.19 per share, with a total value of $75,950.00. Following the transaction, the director now directly owns 84,400 shares in the company, valued at $1,282,036. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Matthew S. Heiter bought 1,950 shares of the stock in a transaction that occurred on Thursday, November 12th. The shares were bought at an average cost of $14.93 per share, with a total value of $29,113.50. Following the completion of the transaction, the vice president now owns 1,950 shares in the company, valued at $29,113.50. The disclosure for this purchase can be found here.
Several analysts recently commented on the company. Zacks downgraded NN from a “buy” rating to a “hold” rating in a research report on Wednesday, October 7th. Stifel Nicolaus began coverage on NN in a research report on Tuesday, August 18th. They set a “buy” rating and a $30.00 target price for the company. Stephens started coverage on NN in a research note on Friday, July 24th. They set an “overweight” rating and a $29.00 price objective for the company. Avondale Partners reissued a “market outperform” rating on shares of NN in a research note on Thursday, October 29th. Finally, William Blair began coverage on NN in a research report on Thursday, September 3rd. They set a “market perform” rating and a $24.00 price objective for the company.
NN, Inc. is an industrial firm and a worldwide producer of alloy bearing, plastic, rubber and precision alloy parts. The organization has the Alloy Bearing Parts Segment, three operating segments, the Plastic and Rubber Components Segment, along with the Autocam Precision Components Section. It has 25 manufacturing plants in America, China, Eastern Europe, South America and Western Europe. The Metal Bearing Parts section produces and supplies bearing parts, consisting of balls, cylindrical rollers, tapered rollers and metal retainers. The Plastic and Rubber Components section comprises bearing seals, plastic retainers and precision plastic parts. The Autocam Precision Components segment sells a wide selection of engineered, close tolerance, precision-machined alloy parts and subassemblies.
(MidSouth Newz)
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1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
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