http://www.americanbankingnews.com/getthestreet reissued their buy rating on shares of National-Oilwell Varco (NYSE: NOV) in a report released on Wednesday.
“National Oilwell Varco (NOV) has been reiterated by TheStreet Ratings as a buy with a ratings score of B . The company’s strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins.”
,” TheStreet’s analyst wrote.
Several other analysts have also recently commented on the stock. Analysts at Guggenheim reiterated a neutral rating on shares of National-Oilwell Varco in a research note to investors on Tuesday, February 19th. They now have a $71.00 price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated a market perform rating on shares of National-Oilwell Varco in a research note to investors on Wednesday, February 13th. They now have a $80.00 price target on the stock. Finally, analysts at Zacks downgraded shares of National-Oilwell Varco from a neutral rating to an underperform rating in a research note to investors on Monday, February 11th. They now have a $63.00 price target on the stock.
Twenty analysts have rated the stock with a buy rating, five have issued an overweight rating, and seven have issued a hold rating to the stock. The company currently has a consensus rating of overweight and an average price target of $85.32.
Shares of National-Oilwell Varco traded down 1.63% during mid-day trading on Wednesday, hitting $67.02. National-Oilwell Varco has a 52 week low of $59.07 and a 52 week high of $89.95. The stock’s 50-day moving average is currently $70.25. The company has a market cap of $28.593 billion and a P/E ratio of 11.69.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 29th. Investors of record on Friday, March 15th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Wednesday, March 13th.
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