Brokerages Set ServiceNow Inc (NOW) PT at $203.44

Share on StockTwits

ServiceNow Inc (NYSE:NOW) has been assigned an average recommendation of “Buy” from the thirty-one research firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $203.44.

Several equities analysts have recently issued reports on NOW shares. Argus boosted their target price on ServiceNow to $215.00 and gave the stock a “buy” rating in a research report on Wednesday, August 15th. They noted that the move was a valuation call. ValuEngine lowered ServiceNow from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 20th. Needham & Company LLC started coverage on ServiceNow in a research report on Monday, October 22nd. They set a “buy” rating and a $224.00 target price for the company. Macquarie set a $210.00 target price on ServiceNow and gave the stock a “buy” rating in a research report on Friday, October 12th. Finally, Jefferies Financial Group started coverage on ServiceNow in a research report on Monday, October 1st. They set a “buy” rating and a $240.00 target price for the company.

Shares of ServiceNow stock traded down $5.22 during trading on Monday, hitting $182.38. 1,658,993 shares of the company were exchanged, compared to its average volume of 1,986,670. The firm has a market capitalization of $33.64 billion, a P/E ratio of -173.70, a PEG ratio of 34.45 and a beta of 1.28. ServiceNow has a 1-year low of $120.16 and a 1-year high of $206.29. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.64.

ServiceNow (NYSE:NOW) last posted its earnings results on Wednesday, October 24th. The information technology services provider reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.61. The company had revenue of $673.10 million during the quarter, compared to analyst estimates of $659.41 million. ServiceNow had a negative return on equity of 2.93% and a negative net margin of 2.52%. Research analysts anticipate that ServiceNow will post 0.17 EPS for the current fiscal year.

In related news, insider Chirantan Jitendra Desai sold 2,031 shares of the business’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $199.84, for a total value of $405,875.04. Following the completion of the transaction, the insider now directly owns 7,174 shares in the company, valued at approximately $1,433,652.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John J. Donahoe sold 15,560 shares of the business’s stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $161.52, for a total value of $2,513,251.20. Following the completion of the transaction, the chief executive officer now owns 78,141 shares of the company’s stock, valued at $12,621,334.32. The disclosure for this sale can be found here. Insiders sold a total of 212,718 shares of company stock valued at $37,324,308 over the last quarter. 1.60% of the stock is owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Cornerstone Wealth Management LLC bought a new stake in ServiceNow in the 2nd quarter valued at approximately $319,000. Janney Montgomery Scott LLC lifted its stake in ServiceNow by 4.5% in the 2nd quarter. Janney Montgomery Scott LLC now owns 10,704 shares of the information technology services provider’s stock valued at $1,846,000 after acquiring an additional 465 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in ServiceNow by 4.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 331,582 shares of the information technology services provider’s stock valued at $57,188,000 after acquiring an additional 14,382 shares in the last quarter. Dupont Capital Management Corp lifted its stake in ServiceNow by 83.6% in the 2nd quarter. Dupont Capital Management Corp now owns 2,612 shares of the information technology services provider’s stock valued at $450,000 after acquiring an additional 1,189 shares in the last quarter. Finally, Aperio Group LLC lifted its stake in ServiceNow by 3.5% in the 2nd quarter. Aperio Group LLC now owns 70,065 shares of the information technology services provider’s stock valued at $12,084,000 after acquiring an additional 2,377 shares in the last quarter. Institutional investors and hedge funds own 94.10% of the company’s stock.

ServiceNow Company Profile

ServiceNow, Inc provides enterprise cloud computing solutions that define, structure, manage, and automate services for enterprises worldwide. The company offers service management solutions for customer service, human resources, security operations, and other enterprise departments. It operates ServiceNow platform that provides workflow automation, electronic service catalogs and portals, configuration management systems, data benchmarking, performance analytics, encryption, and collaboration and development tools.

See Also: Why is insider trading harmful?

Analyst Recommendations for ServiceNow (NYSE:NOW)

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.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.