Dow Chemical Company (The) (NYSE:DOW)‘s stock had its “hold” rating restated by research analysts at Cowen and Company in a research note issued to investors on Friday, July 14th. They currently have a $60.00 target price on the basic materials company’s stock. Cowen and Company’s target price suggests a potential downside of 8.65% from the stock’s current price.
A number of other research firms also recently issued reports on DOW. Credit Suisse Group set a $66.00 price target on shares of Dow Chemical Company (The) and gave the stock a “buy” rating in a research note on Sunday, April 30th. Vetr raised shares of Dow Chemical Company (The) from a “buy” rating to a “strong-buy” rating and set a $71.22 target price for the company in a research note on Monday, April 3rd. Zacks Investment Research raised shares of Dow Chemical Company (The) from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research note on Tuesday, April 18th. Alembic Global Advisors set a $85.00 target price on shares of Dow Chemical Company (The) and gave the company a “buy” rating in a research note on Monday, March 20th. Finally, BidaskClub raised shares of Dow Chemical Company (The) from a “strong sell” rating to a “sell” rating in a research note on Saturday, July 1st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $69.69.
Shares of Dow Chemical Company (DOW) traded down 0.64% during trading on Friday, hitting $65.68. The stock had a trading volume of 3,825,239 shares. The company’s 50 day moving average price is $64.76 and its 200 day moving average price is $62.60. Dow Chemical Company has a 52 week low of $51.57 and a 52 week high of $67.50. The company has a market capitalization of $80.24 billion, a price-to-earnings ratio of 16.18 and a beta of 1.13.
Dow Chemical Company (The) (NYSE:DOW) last released its quarterly earnings results on Thursday, July 27th. The basic materials company reported $1.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.07. Dow Chemical Company (The) had a net margin of 9.77% and a return on equity of 16.65%. The company had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $13.60 billion. During the same period in the prior year, the firm earned $0.95 earnings per share. Dow Chemical Company (The)’s revenue was up 15.7% on a year-over-year basis. Analysts predict that Dow Chemical Company will post $4.07 earnings per share for the current year.
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A number of large investors have recently modified their holdings of the company. Enterprise Financial Services Corp boosted its stake in shares of Dow Chemical Company (The) by 12.2% in the second quarter. Enterprise Financial Services Corp now owns 16,435 shares of the basic materials company’s stock valued at $1,037,000 after buying an additional 1,781 shares in the last quarter. ST Germain D J Co. Inc. bought a new stake in shares of Dow Chemical Company (The) during the second quarter valued at about $212,000. Ingalls & Snyder LLC boosted its stake in shares of Dow Chemical Company (The) by 4.1% in the second quarter. Ingalls & Snyder LLC now owns 18,729 shares of the basic materials company’s stock valued at $1,181,000 after buying an additional 735 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Dow Chemical Company (The) by 22.7% in the second quarter. Daiwa Securities Group Inc. now owns 117,500 shares of the basic materials company’s stock valued at $7,411,000 after buying an additional 21,700 shares in the last quarter. Finally, Grove Bank & Trust boosted its stake in shares of Dow Chemical Company (The) by 72.9% in the second quarter. Grove Bank & Trust now owns 9,600 shares of the basic materials company’s stock valued at $605,000 after buying an additional 4,047 shares in the last quarter. Institutional investors own 69.03% of the company’s stock.
Dow Chemical Company (The) Company Profile
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