Dow Chemical Company (The) (NYSE:DOW) has been assigned an average recommendation of “Buy” from the fourteen brokerages that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $69.62.

A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada reissued a “buy” rating and issued a $76.00 price target on shares of Dow Chemical Company (The) in a research note on Friday, April 28th. Cowen and Company increased their price objective on shares of Dow Chemical Company (The) from $47.00 to $60.00 and gave the company a “market perform” rating in a research report on Wednesday, May 31st. Vetr downgraded shares of Dow Chemical Company (The) from a “strong-buy” rating to a “buy” rating and set a $71.22 price objective on the stock. in a research report on Monday, March 27th. Barclays PLC increased their price objective on shares of Dow Chemical Company (The) from $65.00 to $67.00 and gave the company an “equal weight” rating in a research report on Monday, May 1st. Finally, Erste Group began coverage on shares of Dow Chemical Company (The) in a research report on Tuesday, April 25th. They issued a “hold” rating on the stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in DOW. Pinnacle Bank purchased a new stake in Dow Chemical Company (The) during the first quarter worth about $103,000. West Oak Capital LLC raised its stake in shares of Dow Chemical Company (The) by 29.2% in the first quarter. West Oak Capital LLC now owns 1,679 shares of the basic materials company’s stock worth $107,000 after buying an additional 379 shares during the period. First Financial Corp IN raised its stake in shares of Dow Chemical Company (The) by 79.8% in the first quarter. First Financial Corp IN now owns 1,690 shares of the basic materials company’s stock worth $107,000 after buying an additional 750 shares during the period. Cable Hill Partners LLC raised its stake in shares of Dow Chemical Company (The) by 7.6% in the first quarter. Cable Hill Partners LLC now owns 1,764 shares of the basic materials company’s stock worth $112,000 after buying an additional 124 shares during the period. Finally, CLS Investments LLC bought a new stake in shares of Dow Chemical Company (The) during the fourth quarter worth about $123,000. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

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Dow Chemical Company (NYSE DOW) traded up 0.28% during mid-day trading on Tuesday, reaching $64.19. 383,989 shares of the company were exchanged. Dow Chemical Company has a 1-year low of $47.51 and a 1-year high of $65.42. The company has a 50 day moving average of $62.37 and a 200-day moving average of $60.94. The company has a market capitalization of $78.42 billion, a price-to-earnings ratio of 15.81 and a beta of 1.12.

Dow Chemical Company (The) (NYSE:DOW) last posted its earnings results on Thursday, April 27th. The basic materials company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.05. The company had revenue of $13.23 billion for the quarter, compared to analyst estimates of $12.46 billion. Dow Chemical Company (The) had a net margin of 9.77% and a return on equity of 16.65%. Dow Chemical Company (The)’s revenue was up 23.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.89 EPS. On average, equities research analysts forecast that Dow Chemical Company will post $4.07 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 28th. Shareholders of record on Friday, June 30th will be given a dividend of $0.46 per share. The ex-dividend date is Wednesday, June 28th. This represents a $1.84 dividend on an annualized basis and a yield of 2.87%. Dow Chemical Company (The)’s dividend payout ratio (DPR) is 46.82%.

About Dow Chemical Company (The)

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