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Analyst Rating: Will Nov Inc (NOV) Stock Do Better Than the Market?

Wednesday, June 29, 2022 02:38 PM | InvestorsObserver Analysts
Analyst Rating: Will Nov Inc (NOV) Stock Do Better Than the Market?

InvestorsObserver is giving Nov Inc (NOV) an Analyst Rating Rank of 20, meaning NOV is ranked higher by analysts than 20% of stocks. The average price target for NOV is $21.266 and analyst’s rate the stock as a Buy.

Overall Score - 3.6
Wall Street analysts are rating NOV a Buy today. Find out what this means to you and get the rest of the rankings on NOV!

Why are Analyst Ratings Important?

A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement. InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.

What's Happening With Nov Inc Stock Today?

Nov Inc (NOV) stock is down -1.15% while the S&P 500 has risen 0.13% as of 2:37 PM on Wednesday, Jun 29. NOV has fallen -$0.20 from the previous closing price of $17.32 on volume of 2,360,773 shares. Over the past year the S&P 500 is down -10.84% while NOV has risen 15.68%. NOV lost -$0.48 per share the over the last 12 months. Click Here to get the full Stock Report for Nov Inc stock.

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