A statement released earlier today by Cowen and Company about NOW Inc (NYSE:DNOW) bumps the target price to $22.00
- Updated: September 15, 2016
Cowen and Company raised the estimated target of NOW Inc (NYSE:DNOW) to $22, reporting a possible upside of 0.13%.
Previously on 5/5/2016, JP Morgan reported on NOW Inc(NYSE:DNOW) bumped the target price from $12.00 to $14.00. At the time, this suggested a downside of -0.18%.
Just yesterday NOW Inc (NYSE:DNOW) traded 0.82% lower at $19.47. DNOW’s 50-day moving average is $20.41 and its two hundred day moving average is $18.59. With the last stock close up 4.73% from the 200-day average, compared with the S&P 500 which has decreased -0.01% over the same period. 694,841 shares of NOW Inc traded, down from ann average volume of 1,256,840.
NOW Inc has a 52 week low of $12.03 and a 52 week high of $21.73 and has a total market value of $0.0.
A total of 8 equity analysts have issued a report on DNOW. Zero rate the stock a strong buy, 0 rate the company a buy, 10 firms rate the company a hold, 0 rate the stock to underperform, and finally 0 brokeragesrate the company as sell with a 12-month target price of $15.50
General Information About NOW Inc (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.
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