Dow Chemical Co. (NYSE:DOW) has been given a $65.00 price objective by investment analysts at RBC Capital Markets in a research note issued to investors on Tuesday. The brokerage currently has a a “buy” rating on the stock. RBC Capital Markets’ target price would indicate a potential upside of 23.64% from the company’s current price.

Several other equities analysts have also recently issued reports on the company. Vetr raised Dow Chemical from a “hold” rating to a “buy” rating and set a $57.48 target price on the stock in a research note on Monday, September 5th. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $61.00 target price on shares of Dow Chemical in a research note on Friday, July 29th. Nomura upped their target price on Dow Chemical from $59.00 to $62.00 and gave the company a “buy” rating in a research note on Friday, July 29th. Barclays PLC upped their target price on Dow Chemical from $55.00 to $58.00 and gave the company an “equal weight” rating in a research note on Friday, July 29th. Finally, JPMorgan Chase & Co. raised Dow Chemical from a “neutral” rating to an “overweight” rating and upped their target price for the company from $50.00 to $60.00 in a research note on Friday, July 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $59.83.

Analyst Recommendations for Dow Chemical (NYSE:DOW)

Shares of Dow Chemical (NYSE:DOW) traded down 0.02% during midday trading on Tuesday, hitting $52.56. The company’s stock had a trading volume of 4,345,543 shares. Dow Chemical has a 12-month low of $39.84 and a 12-month high of $57.10. The firm has a 50-day moving average of $53.34 and a 200 day moving average of $52.09. The firm has a market cap of $59.23 billion, a price-to-earnings ratio of 7.68 and a beta of 1.52.

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Dow Chemical (NYSE:DOW) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.09. The firm had revenue of $12 billion for the quarter, compared to analysts’ expectations of $11.24 billion. Dow Chemical had a return on equity of 18.86% and a net margin of 18.31%. The firm’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.91 EPS. On average, equities research analysts predict that Dow Chemical will post $3.53 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Shareholders of record on Friday, September 30th will be given a $0.46 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $1.84 dividend on an annualized basis and a yield of 3.50%. Dow Chemical’s payout ratio is currently 27.10%.

Several institutional investors have recently modified their holdings of DOW. Evercore Wealth Management LLC boosted its position in shares of Dow Chemical by 1.4% in the second quarter. Evercore Wealth Management LLC now owns 37,292 shares of the company’s stock worth $1,853,000 after buying an additional 521 shares in the last quarter. Williams Jones & Associates LLC boosted its position in shares of Dow Chemical by 15.2% in the second quarter. Williams Jones & Associates LLC now owns 123,498 shares of the company’s stock worth $6,139,000 after buying an additional 16,323 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Dow Chemical during the second quarter worth about $2,254,000. Kentucky Retirement Systems acquired a new position in shares of Dow Chemical during the second quarter worth about $4,746,000. Finally, Northwestern Mutual Investment Management Company LLC boosted its position in shares of Dow Chemical by 0.4% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 42,836 shares of the company’s stock worth $2,129,000 after buying an additional 180 shares in the last quarter. 67.53% of the stock is currently owned by institutional investors and hedge funds.

About Dow Chemical

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