Servicenow Inc (NYSE:NOW) shares traded 1.25% up during most recent session to reach at the closing price of $190.47. The stock exchanged hands 2.1 Million shares versus average trading capacity of 2.34 Million shares, yielding a market cap of $33.98 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $210.76 within the next 52-weeks. The mean target projections are based on 29 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Servicenow Inc (NYSE:NOW) high price target of $250 and with a conservative view have low price target of $180.
Atlantic Equities “Initiates Coverage On” Servicenow Inc (NYSE:NOW) in a research note issued to investors on 1/09/19 to Neutral with price target of $199.
Additionally on 10/23/18 Morgan Stanley “Maintained” Servicenow Inc (NYSE:NOW) to Overweight setting price target at $188 and on 10/23/18 Needham “Initiates Coverage On” the stock to Buy at $224. Furthermore on 10/02/18 Jefferies “Initiates Coverage On” the stock to Buy at $240.
On the other hand the company has Relative Strength Index (RSI 14) of 57.9 along with Average True Range (ATR 14) of 8.71, Consequently Servicenow Inc (NYSE:NOW)’s weekly and monthly volatility is 4.65%, 4.77% respectively. The company’s beta value is at 1.32.
In terms of Buy, Sell or Hold recommendations, Servicenow Inc (NYSE:NOW) has analysts’ mean recommendation of 1.8. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Servicenow Inc (NYSE:NOW)’s minimum EPS for the current quarter is at $0.59 and can go high up to $0.7. The consensus mean EPS for the current quarter is at $0.63 derived from a total of 29 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.35 earnings per share for the same quarter during last year.
Previously Servicenow Inc (NYSE:NOW) reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.6 by $0.08. The company posted an earnings surprise of 13.3%.
Servicenow Inc (NYSE:NOW)’s revenue estimates for the current quarter are $717.36 Million according to 28 number of analysts, for the current quarter the company has high revenue estimates of $743.21 Million in contradiction of low revenue estimates of $709 Million. For the current year the company’s revenue estimates are $2.61 Billion compared to low analyst estimates of $2.6 Billion and high estimates of $2.64 Billion according to 31 number of analysts.
Currently Servicenow Inc (NYSE:NOW)’s shares owned by insiders are 0.3%, whereas shares owned by institutional owners are 96.7%. However the six-month change in the insider ownership was recorded -43.51%, as well as three-month change in the institutional ownership was recorded 0.02%.
Servicenow Inc (NYSE:NOW)’s trailing twelve month revenues are $2.44 Billion, whereas its price to sales ratio for the same period is 13.93. Its book value per share for the most recent quarter is $5.71 while its price to book ratio for the same period is 33.36, as for as the company’s cash per share for the most recent quarter is $9.11, however its price to cash per share ratio for the same period is 20.9. The stock has 5 year expected PEG ratio of 3.62 whereas its trailing twelve month P/E ratio is 163.49.