Stifel Nicolaus Maintains a Hold Rating on NN Inc (NNBR)
In a report released today, Stanley Elliott from Stifel Nicolaus maintained a Hold rating on NN Inc (NASDAQ: NNBR), with a price target of $18. The company’s shares opened today at $13.36, close to its 52-week low of $13.20.
According to TipRanks.com, Elliott is a 5-star analyst with an average return of 13.6% and a 66.7% success rate. Elliott covers the Industrial Goods sector, focusing on stocks such as Manitowoc Company, Astec Industries, and Oshkosh Corp.
NN Inc has an analyst consensus of Moderate Buy, with a price target consensus of $24, a 79.6% upside from current levels. In a report issued on October 8, Robert W. Baird also initiated coverage with a Hold rating on the stock with a $17 price target.
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The company has a one-year high of $32.90 and a one-year low of $13.20. Currently, NN Inc has an average volume of 350.6K.
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NNBR in relation to earlier this year.
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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.