The Dow Chemical Company Rating Increased to Outperform at Wells Fargo & Co. (DOW)
The Dow Chemical Company (NYSE:DOW) was upgraded by investment analysts at Wells Fargo & Co. from a “market perform” rating to an “outperform” rating in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports.
The analysts wrote, “increasingly credible.” The Wells Fargo team believes this enthusiasm is supported by “greater operational versatility, a market-driven approach to margin enhancement, and numerous catalysts to drive the bottom line.”
DOW has been the subject of a number of other recent research reports. Analysts at Susquehanna raised their price target on shares of The Dow Chemical Company from $47.00 to $57.00 in a research note on Thursday, May 8th. They now have a “neutral” rating on the stock. Separately, analysts at Argus raised their price target on shares of The Dow Chemical Company from $51.00 to $56.00 in a research note on Tuesday, April 29th. They now have a “buy” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of The Dow Chemical Company from $50.00 to $54.00 in a research note on Thursday, April 24th. They now have a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. The Dow Chemical Company presently has a consensus rating of “Hold” and a consensus target price of $52.90.
The Dow Chemical Company (NYSE:DOW) traded up 0.63% during mid-day trading on Tuesday, hitting $49.65. 4,175,872 shares of the company’s stock traded hands. The Dow Chemical Company has a one year low of $31.65 and a one year high of $50.96. The stock has a 50-day moving average of $48.86 and a 200-day moving average of $45.36. The company has a market cap of $59.113 billion and a price-to-earnings ratio of 12.39. The Dow Chemical Company also was the recipient of some unusual options trading on Monday. Traders bought 9,312 put options on the stock. This represents an increase of 135% compared to the average daily volume of 3,959 put options.
The Dow Chemical Company (NYSE:DOW) last released its earnings data 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. On average, analysts predict that The Dow Chemical Company will post $2.98 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, July 30th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 3.00%. The ex-dividend date is Thursday, June 26th.
The Dow Chemical Company combines the power of science and technology to passionately innovate what is essential to human progress.
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