Dow Chemical (DWDP) Coverage Initiated at Stephens

Stock analysts at Stephens began coverage on shares of Dow Chemical (NYSE:DWDP) in a research note issued on Monday. The brokerage set an “overweight” rating and a $83.00 price target on the stock. Stephens’ price objective points to a potential upside of 16.02% from the company’s previous close.

DWDP has been the topic of several other research reports. Susquehanna Bancshares initiated coverage on shares of Dow Chemical in a report on Tuesday, September 5th. They set a “positive” rating and a $80.00 price objective on the stock. UBS initiated coverage on shares of Dow Chemical in a research note on Friday, September 1st. They issued a “buy” rating on the stock. Citigroup upped their target price on shares of Dow Chemical from $75.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, September 13th. Zacks Investment Research cut shares of Dow Chemical from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 27th. Finally, Morgan Stanley upped their target price on shares of Dow Chemical from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have assigned a buy rating to the company. Dow Chemical presently has a consensus rating of “Buy” and a consensus target price of $79.89.

Dow Chemical (NYSE:DWDP) opened at $71.54 on Monday. Dow Chemical has a twelve month low of $55.24 and a twelve month high of $73.85. The company has a current ratio of 2.01, a quick ratio of 1.38 and a debt-to-equity ratio of 0.29. The stock has a market cap of $168,783.47, a PE ratio of 19.71, a PEG ratio of 2.42 and a beta of 1.15.

Dow Chemical (NYSE:DWDP) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.55 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.55. Dow Chemical had a net margin of 5.01% and a return on equity of 9.73%. The company had revenue of $18.29 billion for the quarter, compared to the consensus estimate of $18.24 billion. During the same quarter in the previous year, the firm posted $0.91 EPS. The business’s revenue was up 7.6% compared to the same quarter last year. equities research analysts forecast that Dow Chemical will post 3.36 earnings per share for the current year.

In other news, COO James C. Jr. Collins sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $71.11, for a total transaction of $1,066,650.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jeanmarie F. Desmond sold 6,708 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $71.01, for a total transaction of $476,335.08. The disclosure for this sale can be found here. Insiders have sold 377,982 shares of company stock worth $27,120,766 over the last ninety days. Insiders own 0.89% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Excalibur Management Corp acquired a new position in shares of Dow Chemical during the third quarter worth approximately $303,000. TCI Wealth Advisors Inc. acquired a new position in shares of Dow Chemical during the third quarter worth approximately $973,000. Gilman Hill Asset Management LLC acquired a new position in shares of Dow Chemical during the third quarter worth approximately $1,088,000. Barometer Capital Management Inc. acquired a new position in shares of Dow Chemical during the third quarter worth approximately $4,701,000. Finally, Mechanics Bank Trust Department acquired a new position in shares of Dow Chemical during the third quarter worth approximately $1,450,000. Institutional investors own 68.81% of the company’s stock.

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Dow Chemical Company Profile

DowDuPont Inc is a holding company formed through the merger of equals between The Dow Chemical Company and E. I. du Pont de Nemours and Company (DuPont). The Company’s business divisions include Agriculture division, Material Science division, and a Specialty Products division. The Agriculture Division offers a complete portfolio of products and technologies, traits and crop protection.

Analyst Recommendations for Dow Chemical (NYSE:DWDP)

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