Where Does Wall Street Think Nov Inc (NOV) Stock Will Go?

InvestorsObserver is giving Nov Inc (NOV) an Analyst Rating Rank of 33, meaning NOV is ranked higher by analysts than 33% of stocks. The average price target for NOV is $25 and analyst’s rate the stock as a Buy.

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!

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Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Nov Inc Stock Today?

Nov Inc (NOV) stock is lower by -5.16% while the S&P 500 has gained 0.35% as of 3:20 PM on Tuesday, Nov 7. NOV is lower by -$1.03 from the previous closing price of $19.96 on volume of 2,136,743 shares. Over the past year the S&P 500 has risen 15.09% while NOV is lower by -20.93%. NOV earned $1.26 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 15.01. Click Here to get the full Stock Report for Nov Inc stock.