The Dow Chemical Company Sets New 12-Month High at $53.11 (DOW)
Shares of The Dow Chemical Company (NYSE:DOW) hit a new 52-week high on Friday , American Banking News.com reports. The stock traded as high as $53.11 and last traded at $53.02, with a volume of 3,875,593 shares trading hands. The stock had previously closed at $52.62.
DOW has been the subject of a number of recent research reports. 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. 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 company. The stock presently has a consensus rating of “Hold” and a consensus target price of $52.90.
The stock has a 50-day moving average of $49.94 and a 200-day moving average of $46.38. The company has a market cap of $63.245 billion and a P/E ratio of 13.22.
The Dow Chemical Company (NYSE:DOW) last announced its earnings results 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 prior year, the company posted $0.69 earnings per share. The company’s quarterly revenue was up .5% on a year-over-year basis. 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. Investors 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 2.81%. 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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