The Dow Chemical Company Receives Consensus Rating of “Hold” from Analysts (NYSE:DOW)
Shares of The Dow Chemical Company (NYSE:DOW) have received an average rating of “Hold” from the fifteen ratings firms that are covering the company, American Banking News.com reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings 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 dated Thursday, August 7th. The stock was 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 SEC, which is available at this link.
Shares of The Dow Chemical Company (NYSE:DOW) opened at 52.88 on Friday. The Dow Chemical Company has a one year low of $36.51 and a one year high of $54.28. The stock’s 50-day moving average is $51.98 and its 200-day moving average is $49.99. The company has a market cap of $62.340 billion and a price-to-earnings ratio of 18.34.
The Dow Chemical Company (NYSE:DOW) last announced its earnings results on Wednesday, July 23rd. The company reported $0.74 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.64 earnings per share. The Dow Chemical Company’s revenue was up 2.3% compared to the same quarter last year. On average, analysts predict that The Dow Chemical Company will post $2.96 earnings per share for the current fiscal year.
A number of research firms have recently commented on DOW. 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.
The Dow Chemical Company combines the power of science and technology to passionately innovate what is essential to human progress.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.