A statement released earlier today by Cowen about Now (NYSE:DNOW) ups the target price to $22.00
- Updated: September 15, 2016
Now (NYSE:DNOW) had its estimated target price increased to $22 by Cowen in an issued report released Friday September 16 2016. The updated target price suggests a possible upside of 0.13% based on the company’s most recent closing price.
On 5/05/2016, JP Morgan released a statement on Now(NYSE:DNOW) upped the target price from $12.00 to $14.00. At the time, this indicated a possible downside of -0.18%.
Just yesterday Now (NYSE:DNOW) traded 0.82% lower at $19.47. DNOW’s 50-day moving average is $20.41 and its two hundred day average is $18.59. The last stock price is up 4.73% from the two hundred day moving average, compared with the S&P 500 which has fallen -0.01% over the same time. 694,841 shares of DNOW traded hands, down from ann average trading volume of 1,256,840.
See Graphic Below:
Now has a one-year low of $12.03 and a 52 week high of $21.73 . DNOW’s total market value is currently $0.0.
In addition to Cowen reporting it’s stock price target, a total of 8 firms have issued a ratings update on the company. The consensus target stock price is $15.50 with 0 rating the company a strong buy, 0 rating the stock a buy, 10 analyts rating the stock a hold, 0 rating the stock to underperform, and lastly 0 brokeragesrating the stock as sell.
About Now (NYSE:DNOW)
NOW Inc. (NOW) is a global distributor to energy and industrial markets. The Company operates primarily under the DistributionNOW and Wilson Export brands. The Company operates through three segments: United States (U.S.), Canada and International. Through its network of over 300 locations across the world, it stocks and sells an offering of energy products, as well as a selection of products for industrial applications. The Company’s energy product offering is consumed throughout all sectors of the oil and gas industry from upstream drilling and completion, exploration and production (E&P), midstream infrastructure development to downstream petroleum refining, as well as in other industries, such as chemical processing, utilities and industrial manufacturing operations. The industrial distribution portion of its business targets a range of end markets, including manufacturing, and engineering and construction and refineries. It offers warehouse and inventory management solutions.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.