The Dow Chemical Company Receives Consensus Rating of “Hold” from Analysts (NYSE:DOW)
The Dow Chemical Company (NYSE:DOW) has received an average rating of “Hold” from the fourteen analysts that are presently covering the stock, Analyst Ratings News reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $52.90.
A number of research firms have recently commented on DOW. Analysts at Wells Fargo & Co. upgraded shares of The Dow Chemical Company from a “market perform” rating to an “outperform” rating in a research note on Tuesday, May 20th. Separately, 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. Finally, 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.
Shares of The Dow Chemical Company (NYSE:DOW) traded up 0.82% on Wednesday, hitting $51.35. 947,609 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 $51.28. The stock has a 50-day moving average of $49.02 and a 200-day moving average of $45.83. The company has a market cap of $61.137 billion and a price-to-earnings ratio of 12.79.
The Dow Chemical Company (NYSE:DOW) last released its earnings data on Wednesday, April 23rd. The company reported $0.79 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.69 earnings per share. The company’s revenue for the quarter was up .5% on a year-over-year basis. Analysts expect that The Dow Chemical Company will post $2.99 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, July 30th. Stockholders 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 2.91%. The ex-dividend date is Thursday, June 26th.
In other The Dow Chemical Company news, EVP James Fitterling sold 72,000 shares of the stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $49.41, for a total value of $3,557,520.00. Following the sale, the executive vice president now directly owns 189,474 shares in the company, valued at approximately $9,361,910. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
The Dow Chemical Company combines the power of science and technology to passionately innovate what is essential to human progress.
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