NN (NASDAQ:NNBR) Given Coverage Optimism Score of -0.03

News coverage about NN (NASDAQ:NNBR) has trended somewhat negative recently, Accern Sentiment reports. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. NN earned a media sentiment score of -0.03 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 46.5896678972961 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the headlines that may have effected Accern Sentiment’s scoring:

A number of equities research analysts have recently weighed in on NNBR shares. Zacks Investment Research lowered NN from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 5th. William Blair reaffirmed a “market perform” rating on shares of NN in a report on Tuesday, July 11th. ValuEngine raised NN from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. SunTrust Banks, Inc. initiated coverage on NN in a report on Thursday, June 15th. They set a “buy” rating and a $37.00 target price for the company. They noted that the move was a valuation call. Finally, TheStreet raised NN from a “c+” rating to a “b” rating in a report on Monday, June 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. NN has a consensus rating of “Hold” and an average price target of $30.67.

Shares of NN (NASDAQ:NNBR) opened at 29.60 on Wednesday. The firm has a market cap of $812.96 million, a P/E ratio of 48.52 and a beta of 0.63. NN has a 12-month low of $13.43 and a 12-month high of $31.65. The company’s 50 day moving average price is $28.40 and its 200-day moving average price is $24.66.

NN (NASDAQ:NNBR) last released its quarterly earnings results on Thursday, May 4th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.05. The firm had revenue of $226.31 million for the quarter, compared to the consensus estimate of $215.86 million. NN had a return on equity of 14.04% and a net margin of 2.00%. On average, equities research analysts anticipate that NN will post $1.61 EPS for the current year.

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NN Company Profile

NN, Inc is a diversified industrial company and a manufacturer of high precision bearing components, industrial plastic products and precision metal components to a range of markets on a global basis. The Company operates through three segments: the Precision Bearing Components Group, the Precision Engineered Products Group and the Autocam Precision Components Group.

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