Dow Chemical Stock Rating Upgraded by EVA Dimensions LLC (DOW)
Dow Chemical (NYSE:DOW) was upgraded by analysts at EVA Dimensions LLC from an “underweight” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, AmericanBankingNews.com reports.
DOW has been the subject of a number of other recent research reports. Analysts at Ned Davis Research upgraded shares of Dow Chemical from a “neutral” rating to a “buy” rating in a research note on Monday. Separately, 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. Finally, analysts at BGC Financial initiated coverage on shares of Dow Chemical in a research note on Thursday, February 6th. They set a “buy” rating and a $55.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $46.67.
Dow Chemical (NYSE:DOW) traded up 0.96% on Tuesday, hitting $47.40. 3,485,214 shares of the company’s stock traded hands. 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 $57.129 billion and a P/E ratio of 12.76.
Dow Chemical (NYSE:DOW) last issued its quarterly earnings data 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. 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. 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 3.15%. The ex-dividend date is Thursday, March 27th. This is a positive change from Dow Chemical’s previous quarterly dividend of $0.32.
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.