Dow Chemical Co. Hits New 52-Week High at $41.10 (DOW)
Shares of Dow Chemical (NYSE:DOW) hit a new 52-week high during trading on Friday, StockRatingsNetwork.com reports. The stock traded as high as $41.10 and last traded at $41.07, with a volume of 8,031,608 shares trading hands. The stock had previously closed at $40.40.
A number of analysts have recently weighed in on DOW shares. Analysts at Credit Suisse raised their price target on shares of Dow Chemical from $39.00 to $45.00 in a research note to investors on Thursday, October 3rd. They now have an “outperform” rating on the stock. Separately, analysts at Argus reiterated a “buy” rating on shares of Dow Chemical in a research note to investors on Tuesday, October 1st. They now have a $47.00 price target on the stock. Finally, analysts at UBS AG raised their price target on shares of Dow Chemical from $42.00 to $43.00 in a research note to investors on Tuesday, October 1st. They now have a “buy” rating on the stock. One research 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. Dow Chemical presently has a consensus rating of “Hold” and an average price target of $38.75.
Dow Chemical has a 52 week low of $27.45 and a 52 week high of $41.10. The stock’s 50-day moving average is $39.06 and its 200-day moving average is $35.24. The company has a market cap of $49.608 billion and a P/E ratio of 18.02.
Dow Chemical (NYSE:DOW) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.55 earnings per share. The company’s revenue for the quarter was up .4% on a year-over-year basis. Analysts expect that Dow Chemical will post $2.37 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 30th. Shareholders of record on Monday, September 30th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend is Thursday, September 26th.
The Dow Chemical Company combines the power of science and technology to passionately innovate what is essential to human progress.
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