Analyst Rating Update on NOW (DNOW)

NOW (NYSE:DNOW) has an average broker rating of 3, which is interpreted as a Hold, as rated by 6 equity analysts. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell.

NOW (NYSE:DNOW) : Currently there are 5 street experts covering NOW (NYSE:DNOW) stock. The most bullish and bearish price target for the stock is $19 and $14 respectively for the short term. The average price target of all the analysts comes to $16.2. The estimated standard deviation from the target is $1.92.

Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Brokerage Firm, JP Morgan, maintains their rating on the shares of NOW (NYSE:DNOW). JP Morgan has a Neutral rating on the shares. As per the latest research report, the brokerage house raises the price target to $14 per share from a prior target of $12. The rating by the firm was issued on May 5, 2016.

NOW (NYSE:DNOW): On Tuesdays trading session , Opening price of the stock was $17.02 with an intraday high of $17.13. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $16.52. However, the stock managed to close at $16.58, a loss of 1.31% for the day. On the previous day, the stock had closed at $16.8. The total traded volume of the day was 1,349,102 shares.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CEO of Now Inc., Workman Robert R, had purchased 5,610 shares in a transaction dated on November 7, 2014. The transaction was executed at $28 per share with total amount equaling $157,080.

NOW Inc. (NOW) is a global distributor to energy and industrial markets. The Company operates through three segments: United States (U.S.), Canada and International. The Company operates primarily under the DistributionNOW and Wilson Export brands. Its energy product offering is needed 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. It also provides supply chain management to drilling contractors, E&P operators, midstream operators, downstream energy and industrial manufacturing companies around the world. The Companys global product offering includes consumable maintenance, repair and operating (MRO) supplies, pipe, valves, fittings, flanges, electrical, artificial lift solutions, mill tools, safety supplies and spare parts to support customers operations.

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