In a report released today, Steve Barger from KeyBanc maintained a Buy rating on NN Inc (NASDAQ: NNBR), with a price target of $28. The company’s shares closed on Friday at $19, close to its 52-week low of $18.05.
Barger has an average return of 53.3% when recommending NN Inc.
According to TipRanks.com, Barger is ranked #327 out of 4843 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for NN Inc with a $28 average price target.
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Based on NN Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $5.98 million. In comparison, last year the company had a GAAP net loss of $21.53 million.
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NN, Inc. engages in the design and manufacture of high-precision solutions, components, and assemblies. It operates through Autocam Precision Components Group and Precision Engineered Products Group segments.
