Dow Chemical Price Target Increased to $42.00 by Analysts at Susquehanna (DOW)
Equities research analysts at Susquehanna hoisted their target price on shares of Dow Chemical (NYSE:DOW) from $38.00 to $42.00 in a research note issued to investors on Tuesday, Analyst Ratings Network.com reports. The firm currently has a “neutral” rating on the stock. Susquehanna’s target price would suggest a potential upside of 6.44% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Dow Chemical in a research note to investors on Tuesday. They now have a $41.00 price target on the stock. Separately, analysts at Barclays raised their price target on shares of Dow Chemical from $37.00 to $42.00 in a research note to investors on Monday. They now have an “equal weight” rating on the stock. Finally, analysts at Argus reiterated a “buy” rating on shares of Dow Chemical in a research note to investors on Friday. They now have a $47.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $40.33.
Shares of Dow Chemical (NYSE:DOW) traded up 0.89% during mid-day trading on Tuesday, hitting $39.46. 7,078,774 shares of the company’s stock traded hands. Dow Chemical has a 1-year low of $27.45 and a 1-year high of $40.24. The stock’s 50-day moving average is $37.34 and its 200-day moving average is $34.25. The company has a market cap of $46.855 billion and a price-to-earnings ratio of 16.79.
Dow Chemical (NYSE:DOW) last announced its earnings results on Thursday, October 24th. The company reported $0.50 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.54 by $0.04. The company had revenue of $13.73 million for the quarter, compared to the consensus estimate of $14.00 million. During the same quarter last year, the company posted $0.42 earnings per share. Dow Chemical’s revenue was up .7% compared to the same quarter last year. Analysts expect that Dow Chemical will post $2.30 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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