Dow Chemical Given Average Recommendation of “Hold” by Brokerages (NYSE:DOW)
Shares of Dow Chemical (NYSE:DOW) have been given a consensus recommendation of “Hold” by the seventeen brokerages that are covering the stock, ARN reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $46.67.
Shares of Dow Chemical (NYSE:DOW) opened at 47.00 on Tuesday. Dow Chemical has a 52 week low of $29.81 and a 52 week high of $47.59. The stock has a 50-day moving average of $44.77 and a 200-day moving average of $41.07. The company has a market cap of $56.647 billion and a price-to-earnings ratio of 12.76.
Dow Chemical (NYSE:DOW) last announced its earnings results on Wednesday, January 29th. The company reported $0.65 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.33 earnings per share. Dow Chemical’s revenue was up 3.4% compared to the same quarter last year. On average, analysts predict that Dow Chemical will post $2.93 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, April 30th. Stockholders 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 3.15%. The ex-dividend date is Thursday, March 27th. This is a boost from Dow Chemical’s previous quarterly dividend of $0.32.
Several analysts have recently commented on the stock. Analysts at EVA Dimensions LLC upgraded shares of Dow Chemical from an “underweight” rating to a “hold” rating in a research note on Tuesday. Separately, analysts at Ned Davis Research upgraded shares of Dow Chemical from a “neutral” rating to a “buy” rating in a research note on Monday. Finally, analysts at Argus raised their price target on shares of Dow Chemical from $47.00 to $51.00 in a research note on Friday, February 7th. They now have a “buy” rating on the stock.
The Dow Chemical Company combines the power of science and technology to passionately innovate what is essential to human progress.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.