ServiceNow Inc (NOW) Given Consensus Rating of “Buy” by Analysts
Shares of ServiceNow Inc (NYSE:NOW) have earned a consensus rating of “Buy” from the thirty-eight brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $149.72.
A number of analysts have issued reports on NOW shares. Bank of America raised their target price on ServiceNow from $140.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. UBS Group raised their target price on ServiceNow from $128.00 to $168.00 and gave the stock a “buy” rating in a research note on Thursday, November 9th. Mizuho reaffirmed a “buy” rating and issued a $160.00 target price (up from $140.00) on shares of ServiceNow in a research note on Monday, January 22nd. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $160.00 target price on shares of ServiceNow in a research note on Tuesday, January 16th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $160.00 target price (up from $138.00) on shares of ServiceNow in a research note on Tuesday, January 16th.
In related news, Director Frederic B. Luddy sold 170,000 shares of the firm’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $129.43, for a total transaction of $22,003,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey A. Miller sold 5,061 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $161.37, for a total value of $816,693.57. Following the transaction, the director now owns 7,397 shares of the company’s stock, valued at $1,193,653.89. The disclosure for this sale can be found here. Insiders have sold a total of 627,808 shares of company stock valued at $90,184,123 over the last 90 days. 3.30% of the stock is currently owned by company insiders.
Shares of ServiceNow (NYSE NOW) traded up $7.10 during mid-day trading on Friday, reaching $166.67. The company’s stock had a trading volume of 2,189,630 shares, compared to its average volume of 2,070,000. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 2.10. The stock has a market cap of $28,780.00, a price-to-earnings ratio of 256.42, a P/E/G ratio of 36.31 and a beta of 1.14. ServiceNow has a 12 month low of $83.42 and a 12 month high of $167.10.
ServiceNow (NYSE:NOW) last announced its quarterly earnings data on Wednesday, January 31st. The information technology services provider reported $0.35 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.35. ServiceNow had a negative return on equity of 24.97% and a negative net margin of 7.71%. The company had revenue of $546.37 million for the quarter, compared to analyst estimates of $532.74 million. During the same quarter last year, the firm posted $0.25 EPS. The firm’s revenue for the quarter was up 41.7% on a year-over-year basis. equities research analysts predict that ServiceNow will post 0.1 earnings per share for the current year.
COPYRIGHT VIOLATION WARNING: This news story was first posted by Watch List News and is the sole property of of Watch List News. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The correct version of this news story can be accessed at https://www.watchlistnews.com/servicenow-inc-now-given-consensus-rating-of-buy-by-analysts/1905271.html.
ServiceNow, Inc is provider of enterprise cloud computing solutions that define, structure, manage and automate services for global enterprises. The Company offers a set of cloud-based services that automate workflow within and between departments in an enterprise. It provides workflow solutions, and focuses on service management for customer support, human resources, security operations and other enterprise departments.
Receive News & Ratings for ServiceNow Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ServiceNow and related companies with MarketBeat.com's FREE daily email newsletter.