|Bid||9.00 x 900|
|Ask||10.35 x 800|
|Day's range||9.74 - 9.96|
|52-week range||4.03 - 11.98|
|Beta (5Y monthly)||2.14|
|PE ratio (TTM)||N/A|
|Earnings date||03 Aug 2021 - 09 Aug 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||12.17|
Shares of oil and gas equipment supplier and supply chain manager Now Inc. (NYSE: DNOW) rose as much as 12.6% today and were up 5.9% as of 1 p.m. EDT. The big move comes after analysts at Stifel upgraded the stock's rating to buy and increased its price target to $12. According to the accompanying report from Stifel, the analysts believe that spending in the oil and gas patch is expected to increase in the coming quarters and should put the wind in Now Inc.'s sails.
Now (DNOW) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
Now (DNOW) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.