SunTrust Robinson Reaffirms Their Buy Rating on NN Inc (NNBR)

By Jason Carr

In a report issued on August 10, Charles Brady from SunTrust Robinson reiterated a Buy rating on NN Inc (NASDAQ: NNBR), with a price target of $33. The company’s shares closed on Friday at $19.70, close to its 52-week low of $18.05.

According to TipRanks.com, Brady is a 4-star analyst with an average return of 13.6% and a 65.1% success rate. Brady covers the Industrial Goods sector, focusing on stocks such as Thermon Group Holdings Inc, Carlisle Companies Inc, and Sun Hydraulics Corp.

Currently, the analyst consensus on NN Inc is a Moderate Buy with an average price target of $27.

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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.