In a report released yesterday, Stanley Elliott from Stifel Nicolaus reiterated a Hold rating on NN Inc (NASDAQ: NNBR), with a price target of $23. The company’s shares closed on Friday at $19.70, close to its 52-week low of $18.05.
According to TipRanks.com, Elliott is a 5-star analyst with an average return of 14.6% and a 65.6% success rate. Elliott covers the Industrial Goods sector, focusing on stocks such as Manitowoc Company, Astec Industries, and Generac Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for NN Inc with a $26 average price target.
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Based on NN Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $24.51 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.
