Cowen and Company reaffirmed their hold rating on shares of Dow Chemical Company (The) (NYSE:DOW) in a research report sent to investors on Friday morning. Cowen and Company currently has a $60.00 price objective on the basic materials company’s stock.
Several other equities research analysts also recently issued reports on the company. Alembic Global Advisors set a $85.00 price objective on Dow Chemical Company (The) and gave the company a buy rating in a report on Monday, March 20th. Vetr downgraded Dow Chemical Company (The) from a strong-buy rating to a buy rating and set a $71.22 price target on the stock. in a report on Monday, March 27th. Citigroup Inc. restated a hold rating and set a $35.00 price target (down previously from $69.00) on shares of Dow Chemical Company (The) in a report on Friday, April 14th. Zacks Investment Research upgraded Dow Chemical Company (The) from a hold rating to a buy rating and set a $68.00 price target on the stock in a report on Tuesday, April 18th. Finally, Royal Bank Of Canada restated a buy rating and set a $74.00 price target on shares of Dow Chemical Company (The) in a report on Tuesday, March 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Dow Chemical Company (The) currently has a consensus rating of Buy and an average price target of $69.69.
Dow Chemical Company (DOW) traded down 0.461% during mid-day trading on Friday, reaching $65.815. The company’s stock had a trading volume of 1,611,131 shares. The stock has a market cap of $80.41 billion, a price-to-earnings ratio of 16.215 and a beta of 1.13. The firm’s 50 day moving average price is $62.86 and its 200 day moving average price is $61.64. Dow Chemical Company has a 12-month low of $51.57 and a 12-month high of $66.48.
Dow Chemical Company (The) (NYSE:DOW) last posted its quarterly earnings data on Thursday, April 27th. The basic materials company reported $1.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.05. The firm had revenue of $13.23 billion for the quarter, compared to the consensus estimate of $12.46 billion. Dow Chemical Company (The) had a return on equity of 16.65% and a net margin of 9.77%. The company’s quarterly revenue was up 23.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.89 EPS. On average, equities analysts predict that Dow Chemical Company will post $4.05 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Monday, July 31st will be given a $0.46 dividend. The ex-dividend date is Thursday, July 27th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.78%. Dow Chemical Company (The)’s dividend payout ratio (DPR) is presently 46.82%.
Several hedge funds have recently made changes to their positions in the stock. Pacific Global Investment Management CO boosted its stake in shares of Dow Chemical Company (The) by 2.0% in the fourth quarter. Pacific Global Investment Management CO now owns 19,245 shares of the basic materials company’s stock worth $1,101,000 after buying an additional 373 shares during the period. GLG Partners LP purchased a new stake in shares of Dow Chemical Company (The) during the fourth quarter worth about $1,601,000. NWQ Investment Management Company LLC purchased a new stake in shares of Dow Chemical Company (The) during the fourth quarter worth about $54,859,000. Viking Global Investors LP purchased a new stake in shares of Dow Chemical Company (The) during the fourth quarter worth about $1,124,481,000. Finally, Glenview Capital Management LLC purchased a new stake in shares of Dow Chemical Company (The) during the fourth quarter worth about $503,426,000. 69.00% of the stock is owned by hedge funds and other institutional investors.
About Dow Chemical Company (The)
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