Now (DNOW) Receives a Buy from Stifel Nicolaus

In a report released on August 5, Nathan Jones from Stifel Nicolaus maintained a Buy rating on Now (DNOWResearch Report), with a price target of $14.00. The company’s shares closed yesterday at $11.23.

Jones covers the Industrial Goods sector, focusing on stocks such as ITT, Pentair, and Flowserve. According to TipRanks, Jones has an average return of 10.6% and a 58.53% success rate on recommended stocks.

Now has an analyst consensus of Strong Buy, with a price target consensus of $13.67, implying a 21.73% upside from current levels. In a report released on August 4, Stephens also maintained a Buy rating on the stock with a $14.00 price target.

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The company has a one-year high of $12.55 and a one-year low of $6.83. Currently, Now has an average volume of 736.5K.

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NOW, Inc. is a holding company, which engages in the distribution of energy products for industrial applications. It operates through the following segments: United States, Canada, and International. The United States segment serves the upstream, midstream and downstream energy, and industrial markets. The Canada segment covers energy exploration, production, drilling, and midstream business. The International segment represents the energy exploration, production, and drilling business. The company was founded on November 22, 2013 and is headquartered in Houston, TX.

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