In-Depth Examination Of 10 Analyst Recommendations For NOV
Portfolio Pulse from Benzinga Insights
Analysts have varied ratings for NOV (NYSE:NOV), with recent adjustments mostly lowering price targets. The average 12-month price target decreased by 5.26% to $21.6. NOV's financials show a 5.88% revenue growth, a strong net margin of 10.2%, but a low ROE of 3.58%.
October 10, 2024 | 5:01 pm
News sentiment analysis
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NEGATIVE IMPACT
Analysts have mixed ratings for NOV, with a decrease in the average 12-month price target by 5.26% to $21.6. Recent analyst actions mostly involve lowering price targets, reflecting cautious sentiment. NOV's financials show a 5.88% revenue growth and a strong net margin, but a low ROE.
The decrease in the average price target and the majority of analysts lowering their targets suggest a negative short-term outlook. Despite positive revenue growth and a strong net margin, the low ROE and the overall cautious sentiment from analysts contribute to a likely downward pressure on NOV's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100