The Dow Chemical Company Target of Unusually High Options Trading (DOW)
The Dow Chemical Company (NYSE:DOW) was the recipient of unusually large options trading on Wednesday. Stock traders bought 10,175 call options on the stock, AnalystRatingsNetwork.com reports. This represents an increase of approximately 193% compared to the average volume of 3,469 call options.
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. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. The Dow Chemical Company currently has an average rating of “Hold” and a consensus target price of $54.64.
The Dow Chemical Company (NYSE:DOW) traded up 1.02% on Wednesday, hitting $53.64. 6,504,047 shares of the company’s stock traded hands. The Dow Chemical Company has a one year low of $37.12 and a one year high of $54.28. The stock’s 50-day moving average is $52.20 and its 200-day moving average is $50.34. The company has a market cap of $63.236 billion and a price-to-earnings ratio of 18.72.
The Dow Chemical Company (NYSE:DOW) last posted its quarterly earnings results 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. On average, analysts predict that The Dow Chemical Company will post $2.95 earnings per share 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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