Cowen & Co. Reaffirms Their Hold Rating on Now

Cowen & Co. analyst Vaibhav Vaishnav reiterated a Hold rating on Now (NYSE: DNOW) today and set a price target of $11. The company’s shares closed yesterday at $13.84.

According to TipRanks.com, Vaishnav is ranked #823 out of 4774 analysts.

Now has an analyst consensus of Moderate Buy, with a price target consensus of $12.86.

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The company has a one-year high of $18.37 and a one-year low of $9.12. Currently, Now has an average volume of 1.6M.

Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DNOW in relation to earlier this year.

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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.