NN, Inc. (NNBR) Receives $20.60 Consensus Price Target from Brokerages
Shares of NN, Inc. (NASDAQ:NNBR) have been assigned an average rating of “Hold” from the ten research firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $20.60.
A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. assumed coverage on shares of NN in a research note on Monday, January 7th. They issued an “overweight” rating and a $15.00 target price on the stock. KeyCorp lowered their target price on shares of NN from $28.00 to $20.00 and set an “overweight” rating on the stock in a research note on Friday, November 9th. BidaskClub upgraded shares of NN from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Finally, TheStreet lowered shares of NN from a “c-” rating to a “d+” rating in a research note on Monday, December 3rd.
In other NN news, CEO Richard D. Holder acquired 4,565 shares of NN stock in a transaction dated Friday, December 7th. The stock was bought at an average cost of $6.85 per share, with a total value of $31,270.25. Following the acquisition, the chief executive officer now owns 177,966 shares of the company’s stock, valued at $1,219,067.10. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thomas C. Jr. Burwell acquired 7,000 shares of NN stock in a transaction dated Tuesday, December 18th. The shares were acquired at an average cost of $6.13 per share, with a total value of $42,910.00. Following the completion of the acquisition, the insider now directly owns 46,329 shares in the company, valued at approximately $283,996.77. The disclosure for this purchase can be found here. Insiders acquired a total of 20,565 shares of company stock worth $128,420 over the last 90 days. Company insiders own 2.74% of the company’s stock.
Shares of NN stock traded up $0.17 during midday trading on Wednesday, reaching $9.43. 8,364 shares of the company’s stock traded hands, compared to its average volume of 396,660. The company has a market capitalization of $389.88 million, a P/E ratio of 6.08 and a beta of 1.38. The company has a current ratio of 2.36, a quick ratio of 1.53 and a debt-to-equity ratio of 1.32. NN has a 52 week low of $5.55 and a 52 week high of $26.90.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 15th will be given a $0.07 dividend. The ex-dividend date is Thursday, February 14th. This represents a $0.28 annualized dividend and a yield of 2.97%. NN’s dividend payout ratio is 18.06%.
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.
Read More: What is a Fiduciary?
Receive News & Ratings for NN Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NN and related companies with MarketBeat.com's FREE daily email newsletter.