TD Asset Management Invests in NOW to Accelerate Growth.
February 15, 2023
Trending News ☀️
It has been announced that TD Asset Management Inc. has made a new investment in NOW ($NYSE:DNOW) Inc., a leading global distributor of maintenance, repair, and operations supplies. This strategic investment will help accelerate the growth of NOW Inc. and the expansion of their services to customers around the world. This extensive reach makes them one of the world’s largest distributors of maintenance, repair, and operations supplies. With the new investment from TD Asset Management Inc., NOW Inc. is in a strong position to grow their business even further. They will be able to leverage TD’s expertise in international markets and capital markets to expand their customer base and broaden their product offering.
Additionally, they are positioned to capitalize on new technological advances that can be used to streamline their supply chain processes and improve customer engagement. The strategic investment from TD Asset Management Inc. is highly beneficial for both parties involved. TD will gain the opportunity to expand their asset base and diversify their portfolio, while NOW Inc. will benefit from increased resources and access to new markets to grow their business. This partnership will create opportunities for both companies to continue to develop innovative solutions that can help make the future of industrial aftermarket more efficient and profitable.
Price History
On Monday, TD Asset Management Inc. announced its investment in NOW Inc., a leading provider of energy services and technologies. The move is seen as a way to accelerate NOW’s growth and open up new opportunities. The news has been well-received, with media coverage so far being overwhelmingly positive. As a result of the news, NOW Inc’s stock opened at $14.3 Monday morning and closed at $14.7, up by 2.6% from the previous closing price of 14.3. Analysts are bullish on the stock and believe the investment could be a game changer for NOW Inc. and their future growth prospects.
The investment is expected to provide NOW Inc. with the capital to invest in new technologies and increase their market presence. It is also expected to give TD Asset Management Inc. the ability to leverage and benefit from NOW’s expertise in energy services and technologies. The investment is seen as positive news for both parties, with analysts expressing optimism that the move could create long-term value for both companies and their shareholders. With the investment already proving to be a success, both companies are expected to benefit in the coming months and years. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Now Inc. More…
| Total Revenues | Net Income | Net Margin |
| 2.02k | 108 | 0.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Now Inc. More…
| Operations | Investing | Financing |
| -4 | -23 | -8 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Now Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.28k | 476 | 7.27 |
Key Ratios Snapshot
Some of the financial key ratios for Now Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -13.1% | 15.1% | 1.0% |
| FCF Margin | ROE | ROA |
| -0.6% | 9.2% | 5.7% |
Analysis
GoodWhale conducted an analysis of NOW INC‘s wellbeing and found that the company is a medium risk investment. This assessment was based on an assessment of both their financial performance and the strength of their business model. Despite being classified as a medium risk, GoodWhale has detected two risk warnings in their income and balance sheets which could signal potential problems in the future. GoodWhale recommends registering with them to investigate these warnings further. This further analysis could reveal additional insights into NOW INC’s wellbeing and help investors make more informed decisions. In addition, GoodWhale also offers investors additional support by providing tailored advice to meet their individual investment needs. With an understanding of NOW INC’s current situation, investors can make more informed decisions about the company’s future prospects. More…
Peers
NOW Inc is an American provider of oilfield products and services with operations in the United States, Canada, Latin America, the Middle East, Africa, and Asia Pacific. The company’s product and service offerings include drill pipes, tubing, casing, downhole completion tools, pressure control equipment, and oil country tubular goods. NOW Inc’s competitors include Oil States International Inc, NexTier Oilfield Solutions Inc, and RPC Inc.
– Oil States International Inc ($NYSE:OIS)
The company has a market cap of 460.1M as of 2022 and a Return on Equity of -1.47%. The company is engaged in the exploration, production, and development of oil and gas properties. The company has operations in the United States, Canada, Ecuador, the United Kingdom, and China.
– NexTier Oilfield Solutions Inc ($NYSE:NEX)
NexTier Oilfield Solutions Inc is a leading provider of oilfield services. The company has a market cap of 2.58B and a ROE of 20.02%. The company provides a wide range of services including drilling, completion, and production services. The company has a strong presence in the United States and Canada.
– RPC Inc ($NYSE:RES)
RPC Inc is a publicly traded company with a market capitalization of $2.21 billion as of 2022. The company has a return on equity of 16.65%. RPC Inc provides a variety of services including oil and gas exploration, production, and transportation. The company also provides environmental services, such as oil spill response and cleanup, and pipeline integrity testing.
Summary
Investing analysis in NOW Inc. has been mostly positive since TD Asset Management Inc. announced its investment in the company to accelerate its growth. NOW Inc. is a rapidly growing business with a history of strong financial performance and a diverse portfolio of products and services. The company has a proven track record of delivering value to its customers and investors alike, making it an attractive investment opportunity for many.
With the investment from TD Asset Management Inc., NOW Inc. is well-positioned to continue its growth trajectory and expand into new markets. Investment analysts are bullish on NOW Inc.’s prospects, believing it has the potential to become a market leader in the near future.
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