NN Inc Gets a Buy Rating from KeyBanc

By Ryan Adsit

In a report issued on September 15, Steve Barger from KeyBanc reiterated a Buy rating on NN Inc (NASDAQ: NNBR), with a price target of $36. The company’s shares closed on Friday at $27.80.

According to TipRanks.com, Barger is a 5-star analyst with an average return of 18.4% and a 64.0% success rate. Barger covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Federal Signal Corp, and Freightcar America.

NN Inc has an analyst consensus of Moderate Buy, with a price target consensus of $32.50.

The company has a one year high of $31.65 and a one year low of $13.43. Currently, NN Inc has an average volume of 183.3K.

Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Steven Warshaw, a Director at NNBR sold 5,000 shares for a total of $135,390.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

NN, Inc. manufacturers and supplies high precision metal bearing components, industrial plastic and rubber products and precision metal components. The company operates through three segments: The Precision Bearing Components Group, The Precision Engineered Products Group and The Autocam Precision Components Group.