Impact of Brokerage Rating on NOW Inc.(DNOW)

Many NOW Inc.(DNOW) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. NOW Inc was Upgraded by Susquehanna to Positive on Jan 10, 2017.

NOW Inc Last issued its quarterly earnings results on Nov 2, 2016. The company reported $-0.34 EPS for the quarter, beating the analyst consensus estimate by $ 0.04. Analyst had a consensus of $-0.38. The company had revenue of $520.00 million for the quarter, compared to analysts expectations of $539.21 million. The companys revenue was down -30.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.17 EPS.

NOW Inc. (NYSE:DNOW) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 2.71 by 7 Brokerage Firm. 1 Wall Street Firms have rated the stock as a strong buys. 6 Brokerage Firms have advised hold.

NOW Inc. (NYSE:DNOW): The stock price is expected to reach $ 20.5 in the short term. The number of analysts agreeing with this consensus is 6. The higher estimate for the short term price target is at $24 while the lower estimate is at $18. The standard deviation of the price stands at $2.17.

NOW Inc. (NYSE:DNOW) rose 1.16% or 0.26 points on Tuesday and made its way into the gainers of the day. After trading began at $22.33 the stock was seen hitting $22.7125 as a peak level and $22.2 as the lowest level. The stock ended up at $22.67. The daily volume was measured at 985,231 shares. The 52-week high of the share price is $23.53 and the 52-week low is $12.97. The company has a market cap of $2,436 million.

NOW Inc. is a distributor to the energy and industrial sectors. It stocks and sells a comprehensive offering of products for the upstream, midstream, and downstream & industrial market segments. The Company offers stock keeping units, including pipe, valves and valve automation, fittings, instrumentation, mill and industrial supplies, tools, safety supplies, electrical products, drilling and production equipment, fabricated equipment, and industrial paints and coatings. NOW also provides supply chain management solutions to energy and industrial manufacturing companies around the world. It operates primarily under the DistributionNOW and Wilson Export brands. NOW Inc. is headquartered in Houston, Texas.


Share this post

Leave a Reply