NN (NNBR) : 2 brokerage houses believe that NN (NNBR) is a Strong Buy at current levels. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on NN (NNBR). Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 4 Wall Street Analysts endorse the stock as a Buy with a rating of 2.
NN (NNBR) has been rated by 3 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $29 and the lowest price target forecast is $17. The average forecast of all the analysts is $22 and the expected standard deviation is $6.25.
Shares of NN Inc. rose by 6.81% in the last five trading days and 8.59% for the last 4 weeks. NN Inc. is up 15.1% in the last 3-month period. Year-to-Date the stock performance stands at 11.35%. NN (NASDAQ:NNBR): stock turned positive on Tuesday. Though the stock opened at $17.08, the bulls momentum made the stock top out at $17.58 level for the day. The stock recorded a low of $17.02 and closed the trading day at $17.57, in the green by 3.84%. The total traded volume for the day was 204,864. The stock had closed at $16.92 in the previous days trading.
NN, Inc. is an industrial company and a global manufacturer of metal bearing, plastic, rubber and precision metal components. The Company has three operating segments, the Metal Bearing Components Segment, the Plastic and Rubber Components Segment, and the Autocam Precision Components Segment. It has 25 manufacturing plants in the United States, Western Europe, Eastern Europe, South America and China. The Metal Bearing Components segment manufactures and supplies bearing components, consisting of balls, cylindrical rollers, tapered rollers and metal retainers. The Plastic and Rubber Components segment includes bearing seals, plastic retainers and precision plastic components. The Autocam Precision Components segment sells a range of engineered, close tolerance, precision-machined metal components and subassemblies.