The Dow Chemical Company Given Consensus Recommendation of “Hold” by Analysts (NYSE:DOW)
Shares of The Dow Chemical Company (NYSE:DOW) have been given an average recommendation of “Hold” by the fifteen analysts that are covering the stock, Analyst Ratings Net reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $54.64.
In other The Dow Chemical Company news, VP Fernando Ruiz sold 35,000 shares of The Dow Chemical Company stock on the open market in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $52.00, for a total transaction of $1,820,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
DOW has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of The Dow Chemical Company in a research note on Monday, July 28th. They now have a $56.00 price target on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of The Dow Chemical Company in a research note on Thursday, July 24th. They now have a $60.00 price target on the stock, up previously from $56.00. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of The Dow Chemical Company in a research note on Thursday, July 24th. They now have a $57.00 price target on the stock, up previously from $54.00.
Shares of The Dow Chemical Company (NYSE:DOW) opened at 52.13 on Friday. The Dow Chemical Company has a 52-week low of $36.51 and a 52-week high of $54.28. The stock’s 50-day moving average is $51.95 and its 200-day moving average is $49.82. The company has a market cap of $61.456 billion and a price-to-earnings ratio of 18.38. The Dow Chemical Company also saw a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 17,740,157 shares, a growth of 24.9% from the July 15th total of 14,205,577 shares. Approximately 1.5% of the shares of the company are short sold. Based on an average trading volume of 7,300,667 shares, the days-to-cover ratio is currently 2.4 days.
The Dow Chemical Company (NYSE:DOW) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.74 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.64 earnings per share. The company’s quarterly revenue was up 2.3% on a year-over-year basis. Analysts expect that The Dow Chemical Company will post $2.96 EPS for the current fiscal year.
The Dow Chemical Company combines the power of science and technology to passionately innovate what is essential to human progress.
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