Goldman Sachs Group assumed coverage on shares of Dow Chemical (NYSE:DWDP) in a research report issued on Monday, MarketBeat.com reports. The brokerage set a “buy” rating on the stock.

Several other brokerages have also recently commented on DWDP. Macquarie started coverage on shares of Dow Chemical in a research report on Tuesday, September 5th. They set an “outperform” rating and a $76.00 price target for the company. Bank of America started coverage on shares of Dow Chemical in a research report on Monday, September 11th. They set a “buy” rating and a $78.00 price target for the company. Jefferies Group reiterated a “buy” rating and set a $80.00 price target on shares of Dow Chemical in a research report on Sunday, October 8th. Credit Suisse Group lifted their price objective on shares of Dow Chemical from $79.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. Finally, Susquehanna Bancshares initiated coverage on shares of Dow Chemical in a research note on Tuesday, September 5th. They set a “positive” rating and a $80.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nineteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $79.89.

Shares of Dow Chemical (NYSE:DWDP) opened at $72.13 on Monday. Dow Chemical has a 1 year low of $55.24 and a 1 year high of $73.85. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.38 and a current ratio of 2.01. The company has a market cap of $168,780.00 and a P/E ratio of 19.40.

Dow Chemical (NYSE:DWDP) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.55 EPS for the quarter, hitting the consensus estimate of $0.55. Dow Chemical had a net margin of 5.01% and a return on equity of 9.73%. The company had revenue of $18.29 billion during the quarter, compared to analysts’ expectations of $18.24 billion. During the same quarter in the previous year, the company earned $0.91 EPS. Dow Chemical’s revenue was up 7.6% on a year-over-year basis. research analysts expect that Dow Chemical will post 3.36 earnings per share for the current year.

In other Dow Chemical news, General Counsel Charles J. Kalil sold 78,895 shares of Dow Chemical stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $71.00, for a total value of $5,601,545.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jeanmarie F. Desmond sold 6,708 shares of Dow Chemical stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $71.01, for a total transaction of $476,335.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 190,580 shares of company stock worth $13,584,719. Insiders own 0.89% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Tradewinds Capital Management LLC acquired a new stake in shares of Dow Chemical in the third quarter valued at approximately $101,000. Winfield Associates Inc. acquired a new stake in shares of Dow Chemical in the third quarter valued at approximately $103,000. Peddock Capital Advisors LLC acquired a new stake in shares of Dow Chemical in the third quarter valued at approximately $106,000. AllSquare Wealth Management LLC acquired a new stake in shares of Dow Chemical in the third quarter valued at approximately $108,000. Finally, NewSquare Capital LLC acquired a new stake in shares of Dow Chemical in the third quarter valued at approximately $109,000. 68.81% of the stock is currently owned by hedge funds and other institutional investors.

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Dow Chemical Company Profile

DowDuPont Inc is a holding company formed through the merger of equals between The Dow Chemical Company and E. I. du Pont de Nemours and Company (DuPont). The Company’s business divisions include Agriculture division, Material Science division, and a Specialty Products division. The Agriculture Division offers a complete portfolio of products and technologies, traits and crop protection.

Analyst Recommendations for Dow Chemical (NYSE:DWDP)

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