Dow Chemical Co (NYSE:DOW) has been given a consensus rating of “Buy” by the thirteen brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $71.65.

Several analysts have commented on DOW shares. BidaskClub raised Dow Chemical from a “strong sell” rating to a “sell” rating in a report on Saturday, July 1st. Cowen and Company reissued a “hold” rating and issued a $60.00 price objective on shares of Dow Chemical in a report on Monday, August 28th. Jefferies Group LLC reissued a “buy” rating on shares of Dow Chemical in a report on Tuesday, August 29th. Zacks Investment Research lowered Dow Chemical from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $78.00 price objective on shares of Dow Chemical in a report on Wednesday, September 6th.

Dow Chemical (NYSE:DOW) remained flat at $66.65 on Wednesday. The company had a trading volume of 43,802,070 shares. The stock has a market capitalization of $81.54 billion, a PE ratio of 28.54 and a beta of 1.13. Dow Chemical has a 12-month low of $51.57 and a 12-month high of $67.50. The stock’s 50-day moving average price is $64.79 and its 200 day moving average price is $63.46.

Dow Chemical (NYSE:DOW) last issued its quarterly earnings data on Thursday, July 27th. The basic materials company reported $1.08 EPS for the quarter, beating the consensus estimate of $1.01 by $0.07. Dow Chemical had a return on equity of 19.01% and a net margin of 9.82%. The company had revenue of $13.83 billion for the quarter, compared to analyst estimates of $13.60 billion. During the same period last year, the company earned $0.95 earnings per share. Dow Chemical’s quarterly revenue was up 15.7% compared to the same quarter last year. On average, equities research analysts forecast that Dow Chemical will post $4.11 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Dow Chemical by 7.6% during the first quarter. Vanguard Group Inc. now owns 81,191,459 shares of the basic materials company’s stock worth $5,158,905,000 after buying an additional 5,722,128 shares in the last quarter. Maverick Capital Ltd. purchased a new position in Dow Chemical during the second quarter worth approximately $274,667,000. Jana Partners LLC purchased a new position in Dow Chemical during the first quarter worth approximately $225,688,000. BlackRock Inc. lifted its position in Dow Chemical by 3.8% during the second quarter. BlackRock Inc. now owns 83,423,778 shares of the basic materials company’s stock worth $5,261,538,000 after buying an additional 3,075,321 shares in the last quarter. Finally, Glenview Capital Management LLC lifted its position in Dow Chemical by 34.8% during the first quarter. Glenview Capital Management LLC now owns 11,864,132 shares of the basic materials company’s stock worth $753,847,000 after buying an additional 3,066,049 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Dow Chemical Company Profile

Analyst Recommendations for Dow Chemical (NYSE:DOW)

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