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The Dow Chemical Company (NYSE:DOW)‘s stock had its “outperform” rating restated by Credit Suisse in a research note issued on Thursday. They currently have a $60.00 price target on the stock, up from their previous price target of $56.00. Credit Suisse’s target price would suggest a potential upside of 11.34% from the stock’s previous close.

Shares of The Dow Chemical Company (NYSE:DOW) traded down 0.26% during mid-day trading on Thursday, hitting $53.75. 4,503,350 shares of the company’s stock traded hands. The Dow Chemical Company has a one year low of $34.03 and a one year high of $54.28. The stock has a 50-day moving average of $52.12 and a 200-day moving average of $48.90. The company has a market cap of $63.995 billion and a price-to-earnings ratio of 13.54. The Dow Chemical Company also saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totalling 16,382,767 shares, a drop of 14.6% from the June 13th total of 19,193,522 shares. Based on an average daily volume of 5,705,452 shares, the short-interest ratio is presently 2.9 days. Approximately 1.4% of the shares of the company are sold short.

The Dow Chemical Company (NYSE:DOW) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.02. The company had revenue of $14.92 billion for the quarter, compared to the consensus estimate of $14.82 billion. During the same quarter in the previous year, the company posted $0.64 earnings per share. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. Analysts expect that The Dow Chemical Company will post $2.94 EPS for the current fiscal year.

A number of other firms have also recently commented on DOW. Analysts at Deutsche Bank reiterated a “hold” rating on shares of The Dow Chemical Company in a research note on Thursday. They now have a $57.00 price target on the stock, up previously from $54.00. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of The Dow Chemical Company in a research note on Thursday. They now have a $50.00 price target on the stock, up previously from $48.00. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of The Dow Chemical Company in a research note on Tuesday, June 17th. They now have a $48.00 price target on the stock, up previously from $45.00. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. The Dow Chemical Company has a consensus rating of “Hold” and a consensus price target of $54.27.

The Dow Chemical Company combines the power of science and technology to passionately innovate what is essential to human progress.

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