Cowen & Co. analyst Vaibhav Vaishnav reiterated a Hold rating on Now (NYSE: DNOW) today and set a price target of $15. The company’s shares closed yesterday at $16.83, close to its 52-week high of $17.18.
According to TipRanks.com, Vaishnav is ranked #964 out of 4853 analysts.
Currently, the analyst consensus on Now is a Moderate Buy with an average price target of $15.67.
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Based on Now’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $777 million and net profit of $14 million. In comparison, last year the company earned revenue of $651 million and had a GAAP net loss of $17 million.
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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.
