Somewhat Positive Press Coverage Somewhat Unlikely to Affect NN (NNBR) Stock Price
News articles about NN (NASDAQ:NNBR) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. NN earned a daily sentiment score of 0.20 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 47.5822762148049 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment’s analysis:
- Google employees face fear, uncertainty in aftermath of divisive memo – Washington Post (washingtonpost.com)
- Enormous Undersea Pipes Wash Up On UK Beaches – NPR (npr.org)
- Google wrestles with aftermath from controversial memo – CNNMoney (money.cnn.com)
- Google CEO cancels town hall due to leaks – CNNMoney (money.cnn.com)
- Disney Paid $177 Million to Settle ABC ‘Pink Slime’ Case – Fortune (fortune.com)
Shares of NN (NASDAQ:NNBR) traded up 1.38% during trading on Friday, reaching $25.75. The company’s stock had a trading volume of 224,850 shares. NN has a 52-week low of $13.43 and a 52-week high of $31.65. The firm’s 50-day moving average is $27.82 and its 200 day moving average is $25.58. The company’s market cap is $707.22 million.
NN (NASDAQ:NNBR) last issued its earnings results on Wednesday, August 2nd. The industrial products company reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.03. The firm had revenue of $225.88 million for the quarter, compared to the consensus estimate of $221 million. NN had a positive return on equity of 14.45% and a negative net margin of 0.77%. The company’s revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.46 EPS. On average, equities research analysts predict that NN will post $1.62 EPS for the current fiscal year.
Several equities analysts have issued reports on NNBR shares. TheStreet upgraded NN from a “c+” rating to a “b” rating in a research report on Monday, June 5th. ValuEngine upgraded NN from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. SunTrust Banks, Inc. started coverage on NN in a research report on Thursday, June 15th. They issued a “buy” rating and a $37.00 price objective for the company. They noted that the move was a valuation call. Zacks Investment Research downgraded NN from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $29.00 price objective on shares of NN in a research report on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. NN has a consensus rating of “Hold” and an average price target of $30.25.
WARNING: “Somewhat Positive Press Coverage Somewhat Unlikely to Affect NN (NNBR) Stock Price” was reported by Daily Political and is the property of of Daily Political. If you are accessing this piece on another site, it was stolen and republished in violation of United States and international copyright law. The legal version of this piece can be accessed at https://www.dailypolitical.com/2017/08/13/somewhat-positive-press-coverage-somewhat-unlikely-to-affect-nn-nnbr-stock-price.html.
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.
Receive News & Ratings for NN Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NN Inc. and related companies with MarketBeat.com's FREE daily email newsletter.