Seaport Global analyst Walter Liptak reiterated a Buy rating on Now (NYSE: DNOW) yesterday and set a price target of $21. The company’s shares opened today at $17.44, close to its 52-week high of $18.56.
According to TipRanks.com, Liptak is a 4-star analyst with an average return of 9.5% and a 64.2% success rate. Liptak covers the Industrial Goods sector, focusing on stocks such as Watts Water Technologies, John Bean Technologies, and Franklin Electric Co.
Currently, the analyst consensus on Now is a Moderate Buy with an average price target of $17.60, representing a 0.9% upside. In a report released yesterday, Stifel Nicolaus also reiterated a Buy rating on the stock with a $19 price target.
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The company has a one-year high of $18.56 and a one-year low of $9.12. Currently, Now has an average volume of 1.25M.
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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.
