The Dow Chemical Company Rating Reiterated by Zacks (DOW)
The Dow Chemical Company (NYSE:DOW)‘s stock had its “neutral” rating restated by Zacks in a report issued on Thursday, American Banking News.com reports. They currently have a $52.00 price objective on the stock. Zacks‘s target price would suggest a potential upside of 5.61% from the stock’s previous close.
The Dow Chemical Company (NYSE:DOW) traded down 0.26% during mid-day trading on Thursday, hitting $49.24. 6,108,411 shares of the company’s stock traded hands. The Dow Chemical Company has a 52-week low of $31.65 and a 52-week high of $50.96. The stock’s 50-day moving average is $48.98 and its 200-day moving average is $44.19. The company has a market cap of $59.347 billion and a P/E ratio of 13.42. The Dow Chemical Company also saw a significant decrease in short interest in the month of January. As of March 31st, there was short interest totalling 27,460,639 shares, a decrease of 20.9% from the March 14th total of 34,731,304 shares. Approximately 2.3% of the company’s stock are short sold. Based on an average daily trading volume, of 7,890,061 shares, the short-interest ratio is presently 3.5 days.
The Dow Chemical Company (NYSE:DOW) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.79 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.71 by $0.08. The company had revenue of $14.50 billion for the quarter, compared to the consensus estimate of $14.72 billion. During the same quarter last year, the company posted $0.69 earnings per share. The Dow Chemical Company’s revenue was up .5% compared to the same quarter last year. Analysts expect that The Dow Chemical Company will post $2.92 EPS for the current fiscal year.
A number of other firms have also recently commented on DOW. Analysts at UBS AG raised their price target on shares of The Dow Chemical Company from $52.00 to $57.00 in a research note on Thursday, April 3rd. They now have a “buy” rating on the stock. Separately, analysts at Citigroup Inc. raised their price target on shares of The Dow Chemical Company to $57.00 in a research note on Wednesday, March 19th. They now have a “buy” rating on the stock. Finally, analysts at Ned Davis Research upgraded shares of The Dow Chemical Company from a “neutral” rating to a “buy” rating in a research note on Monday, February 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $50.58.
The Dow Chemical Company combines the power of science and technology to passionately innovate what is essential to human progress.
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