NOW Inc. (NYSE:DNOW) 2017 Q3 Sentiment Report

January 14, 2018 - By Darrin Black

 NOW Inc. (NYSE:DNOW)  2017 Q3 Sentiment Report

Sentiment for NOW Inc. (NYSE:DNOW)

NOW Inc. (NYSE:DNOW) institutional sentiment increased to 1.22 in Q3 2017. Its up 0.09, from 1.13 in 2017Q2. The ratio is better, as 118 active investment managers started new or increased stock positions, while 97 decreased and sold their equity positions in NOW Inc.. The active investment managers in our partner’s database now own: 109.72 million shares, up from 106.30 million shares in 2017Q2. Also, the number of active investment managers holding NOW Inc. in their top 10 stock positions decreased from 2 to 1 for a decrease of 1. Sold All: 35 Reduced: 62 Increased: 87 New Position: 31.

NOW Inc. distributes energy and industrial products in the United States, Canada, and internationally. The company has market cap of $1.39 billion. It offers consumable maintenance, repair, and operating supplies; and pipes, valves, fittings, flanges, gaskets, fasteners, electrical products, instrumentations, artificial lift solutions, power transmission products, production process equipment, pumps, paint and coatings, mill tools, safety supplies, and spare parts, as well as provides application systems and parts integration, optimization solutions, and after-sales support services. It currently has negative earnings. The firm also provides supply chain management solutions that include procurement, inventory and warehouse management, logistics, point of issue technology, project management, business process, and performance metrics reporting.

The stock increased 4.21% or $0.52 during the last trading session, reaching $12.88. About 1.48M shares traded or 5.27% up from the average. NOW Inc. (NYSE:DNOW) has risen 9.86% since January 14, 2017 and is uptrending. It has underperformed by 6.84% the S&P500.

Analysts await NOW Inc. (NYSE:DNOW) to report earnings on February, 14 before the open. They expect $-0.06 earnings per share, up 79.31 % or $0.23 from last year’s $-0.29 per share. After $-0.03 actual earnings per share reported by NOW Inc. for the previous quarter, Wall Street now forecasts 100.00 % negative EPS growth.

Ensemble Capital Management Llc holds 5.01% of its portfolio in NOW Inc. for 1.73 million shares. Knightsbridge Asset Management Llc owns 294,540 shares or 2.83% of their US portfolio. Moreover, Qv Investors Inc. has 2.52% invested in the company for 2.18 million shares. The California-based Hutchinson Capital Management Ca has invested 2.43% in the stock. Schneider Capital Management Corp, a Pennsylvania-based fund reported 826,718 shares.#img1#

NOW Inc. (NYSE:DNOW) Ratings Coverage

Ratings analysis reveals 36% of Now Inc’s analysts are positive. Out of 11 Wall Street analysts rating Now Inc, 4 give it “Buy”, 0 “Sell” rating, while 7 recommend “Hold”. The lowest target is $10.0 while the high is $23. The stock’s average target of $16.50 is 28.11% above today’s ($12.88) share price. DNOW was included in 33 notes of analysts from August 6, 2015. On Wednesday, June 21 the stock rating was downgraded by Seaport Global to “Neutral”. The rating was initiated by Credit Suisse with “Neutral” on Tuesday, September 15. Stifel Nicolaus maintained NOW Inc. (NYSE:DNOW) rating on Wednesday, August 2. Stifel Nicolaus has “Buy” rating and $1800 target. The company was downgraded on Thursday, August 6 by Stephens. As per Thursday, July 6, the company rating was maintained by Stifel Nicolaus. KeyCorp maintained NOW Inc. (NYSE:DNOW) on Monday, May 29 with “Overweight” rating. As per Thursday, November 2, the company rating was downgraded by Susquehanna. The stock of NOW Inc. (NYSE:DNOW) has “Buy” rating given on Sunday, December 10 by Stifel Nicolaus. The firm has “Overweight” rating given on Friday, May 5 by Stephens. The stock of NOW Inc. (NYSE:DNOW) earned “Outperform” rating by Robert W. Baird on Wednesday, April 26.

Another recent and important NOW Inc. (NYSE:DNOW) news was published by Businesswire.com which published an article titled: “NOW Inc. Announces Appointment of Paul M. Coppinger to the Board of Directors” on December 28, 2017.

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