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Research analysts at Argus lifted their target price on shares of Dow Chemical (NYSE:DOW) from $47.00 to $51.00 in a report released on Friday, Analyst Ratings Net reports. The firm currently has a “buy” rating on the stock. Argus’ price objective would indicate a potential upside of 11.87% from the company’s current price.

Shares of Dow Chemical (NYSE:DOW) traded down 0.02% during mid-day trading on Friday, hitting $45.579. 5,891,015 shares of the company’s stock traded hands. Dow Chemical has a 52 week low of $29.81 and a 52 week high of $46.85. The stock has a 50-day moving average of $44.01 and a 200-day moving average of $40.07. The company has a market cap of $54.244 billion and a P/E ratio of 12.39.

Dow Chemical (NYSE:DOW) last announced its earnings results on Wednesday, January 29th. The company reported $0.65 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.43 by $0.22. The company had revenue of $14.40 billion for the quarter, compared to the consensus estimate of $14.13 billion. During the same quarter in the prior year, the company posted $0.33 earnings per share. The company’s quarterly revenue was up 3.4% on a year-over-year basis. Analysts expect that Dow Chemical will post $2.90 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid a dividend of 0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 3.25%. The ex-dividend date is Thursday, March 27th. This is a positive change from Dow Chemical’s previous quarterly dividend of $0.32.

A number of other analysts have also recently weighed in on DOW. Analysts at BGC Financial initiated coverage on shares of Dow Chemical in a research note to investors on Thursday. They set a “buy” rating and a $55.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Dow Chemical in a research note to investors on Tuesday. They now have a $48.00 price target on the stock. Finally, analysts at Barclays raised their price target on shares of Dow Chemical from $42.00 to $49.00 in a research note to investors on Thursday, January 30th. They now have an “equal weight” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $46.67.

The Dow Chemical Company combines the power of science and technology to passionately innovate what is essential to human progress.

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