Freedom Broker Reiterates Buy Rating on DNOW Inc.
Freedom Broker maintains its buy rating on DNOW Inc., targeting $16 per share, a 19.31% upside from the current price.
Key Points
- Freedom Broker reiterated its buy rating for DNOW Inc., maintaining a price target of $16.
- Freedom Broker's $16 price target implies 19.31% upside from DNOW Inc.'s ($DNOW) current $13.41 share price.
- DNOW Inc. shares are trading near $13.49 with a market cap of approximately $2.46 billion.
- Analyst consensus for DNOW Inc. suggests a strong buy with an average price target of $16.
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Freedom Broker has reiterated its buy rating on DNOW Inc. (NYSE:DNOW), setting a price target of $16 per share as of June 17, 2026. This reaffirmation comes as DNOW's stock trades around $13.49.
Other Institutional Activity in DNOW Inc.
Several institutional investors have adjusted their positions in DNOW Inc. BlackRock, Inc. slightly reduced its holdings by 26,066 shares, ending with 29,691,475 shares valued at about $353.6 million. Wellington Management Group LLP significantly increased its stake by 6,065,969 shares, bringing its total to 16,879,174 shares worth approximately $201 million. Vanguard Portfolio Management LLC initiated a position with 10,423,553 shares valued at $124.1 million. Dimensional Fund Advisors LP added 8,035 shares, holding a total of 10,382,620 shares valued at $123.7 million. Meanwhile, State Street Corp trimmed its holdings by 336,634 shares, now owning 7,104,104 shares worth about $84.6 million.
DNOW Inc. Stock Down 15.8%
Shares of DNOW Inc. (NYSE:DNOW) are trading near $13.49. The company has a market cap of approximately $2.46 billion and a forward P/E ratio of 15.6, indicating investor expectations for future earnings. DNOW's beta is 0.835, suggesting lower volatility compared to the market. The stock has a 52-week range between $10.94 and $17.26, with a 50-day moving average of $12.97 and a 200-day moving average of $13.75. The company's current ratio stands at 2.42, with a quick ratio of 1.08 and a debt-to-equity ratio of 34.39.
Recent Earnings
DNOW Inc. reported revenue of $3.4 billion, with a modest growth rate of 0.98%. However, the company posted a negative net margin of -4.52% and a return on equity of -9.37%, indicating challenges in profitability. The next earnings report is expected on August 5, 2026.
Insider Buying and Selling at DNOW Inc.
Several insiders, including Paul Coppinger, Galen Cobb, George John Damiris, Ronald Jadin, Sonya Reed, and Terry Bonno, each acquired 12,122 shares of DNOW Inc. on May 20, 2026. These transactions were not part of a planned trading program.
Analysts Set New Price Targets
On June 17, 2026, Freedom Broker reiterated its buy rating for DNOW Inc. with a price target of $16. The day before, DA Davidson initiated coverage with a buy rating and a $17 price target. The analyst consensus for DNOW Inc. is a strong buy, with an average price target of $16, based on two analyst opinions.
About DNOW Inc.
DNOW Inc., headquartered in Houston, Texas, is a leading distributor of industrial products. The company specializes in providing a wide range of equipment and solutions, including pipes, valves, fittings, and pumps, to various industries such as oil and gas, petrochemical, and industrial sectors. Under the leadership of CEO David A. Cherechinsky, DNOW employs about 5,200 people and serves customers globally.
Bottom Line
Freedom Broker's reiterated buy rating and $16 price target for DNOW Inc. highlights continued confidence in the company's potential. Investors closely follow these ratings as part of their investment decisions. It's important to note that analyst ratings are based on projections and do not guarantee future performance.
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