Now Receives a Hold from Credit Suisse

By Ryan Adsit

Credit Suisse analyst Andrew Buscaglia maintained a Hold rating on Now (NYSE: DNOW) yesterday and set a price target of $20. The company’s shares closed yesterday at $20.64.

According to, Buscaglia is a 4-star analyst with an average return of 10.3% and a 85.0% success rate. Buscaglia covers the Services sector, focusing on stocks such as Wesco International, HD Supply Holdings, and MSC Industrial.

Now has an analyst consensus of Hold, with a price target consensus of $20.

The company has a one year high of $23.53 and a one year low of $13.50. Currently, Now has an average volume of 962.8K.

Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is negative on the stock. Most recently, in November 2014, Robert Workman, the President & CEO of DNOW bought 5,609 shares for a total of $157,052.

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NOW, Inc. engages in the provision of energy products for industrial applications. Its global product offering includes consumable maintenance, repair and operating supplies, pipe, valves, fittings, flanges, electrical, artificial lift solutions, mill tools, safety supplies, and spare parts under the DistributionNOW and Wilson Export brands. Its supply chain solutions include outsourcing the functions of procurement, inventory and warehouse management, logistics, project management, business process, and performance metrics reporting. It operates through the following geographical segments: United States, Canada, and International. The company was founded on November 22, 2013 and is headquartered in Houston, TX.