Dow Chemical Sees Unusually High Options Volume (DOW)
Dow Chemical (NYSE:DOW) saw unusually large options trading activity on Wednesday. Investors acquired 24,326 call options on the company, StockRatingsNetwork reports. This is an increase of 108% compared to the average daily volume of 11,693 call options.
DOW has been the subject of a number of recent research reports. Analysts at Jefferies Group raised their price target on shares of Dow Chemical (NYSE:DOW) from $34.00 to $40.00 in a research note to investors on Tuesday, September 3rd. They now have a “hold” rating on the stock. Separately, analysts at Argus upgraded shares of Dow Chemical (NYSE:DOW) from a “hold” rating to a “buy” rating in a research note to investors on Monday, August 5th. They now have a $47.00 price target on the stock. Finally, analysts at Susquehanna raised their price target on shares of Dow Chemical (NYSE:DOW) from $35.00 to $38.00 in a research note to investors on Tuesday, July 30th. They now have a “neutral” rating on the stock.
One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $38.36.
Dow Chemical (NYSE:DOW) traded down 0.33% on Wednesday, hitting $39.85. 7,677,524 shares of the company’s stock traded hands. Dow Chemical has a 52 week low of $27.45 and a 52 week high of $40.02. The stock’s 50-day moving average is $36.92 and its 200-day moving average is $34.11. The company has a market cap of $48.134 billion and a P/E ratio of 17.83.
Dow Chemical (NYSE:DOW) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.64 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.63 by $0.01. The company had revenue of $14.60 billion for the quarter, compared to the consensus estimate of $14.48 billion. During the same quarter last year, the company posted $0.55 earnings per share. Dow Chemical’s revenue was up .4% compared to the same quarter last year. Analysts expect that Dow Chemical will post $2.36 EPS for the current fiscal year.
The Dow Chemical Company combines the power of science and technology to passionately innovate what is essential to human progress.
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