BidaskClub upgraded shares of Dow Chemical Company (The) (NYSE:DOW) from a sell rating to a hold rating in a research note issued to investors on Wednesday, July 12th.

A number of other research firms have also recently commented on DOW. Royal Bank Of Canada reiterated a buy rating and set a $74.00 price objective on shares of Dow Chemical Company (The) in a research report on Tuesday, March 28th. Alembic Global Advisors set a $85.00 price objective on Dow Chemical Company (The) and gave the stock a buy rating in a research report on Monday, March 20th. Zacks Investment Research cut Dow Chemical Company (The) from a hold rating to a sell rating in a research report on Tuesday, July 4th. Vetr upgraded Dow Chemical Company (The) from a buy rating to a strong-buy rating and set a $71.22 price objective for the company in a research report on Monday, April 3rd. Finally, Erste Group started coverage on Dow Chemical Company (The) in a research report on Tuesday, April 25th. They set a hold rating for the company. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $71.42.

Shares of Dow Chemical Company (NYSE DOW) opened at 64.11 on Wednesday. Dow Chemical Company has a 52 week low of $51.57 and a 52 week high of $67.50. The firm has a market cap of $78.43 billion, a PE ratio of 27.46 and a beta of 1.13. The firm’s 50-day moving average is $64.82 and its 200 day moving average is $62.82.

Dow Chemical Company (The) (NYSE:DOW) last posted its quarterly earnings data on Thursday, July 27th. The basic materials company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.07. The firm had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $13.60 billion. Dow Chemical Company (The) had a return on equity of 17.08% and a net margin of 5.83%. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.95 EPS. Equities research analysts forecast that Dow Chemical Company will post $4.08 EPS for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Monday, July 31st will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend is Thursday, July 27th. Dow Chemical Company (The)’s dividend payout ratio is currently 76.99%.

Several institutional investors have recently added to or reduced their stakes in DOW. Financial Architects Inc raised its position in Dow Chemical Company (The) by 0.4% in the second quarter. Financial Architects Inc now owns 2,290 shares of the basic materials company’s stock valued at $144,000 after buying an additional 10 shares in the last quarter. Cypress Capital Management LLC raised its position in Dow Chemical Company (The) by 0.3% in the first quarter. Cypress Capital Management LLC now owns 4,017 shares of the basic materials company’s stock valued at $255,000 after buying an additional 12 shares in the last quarter. Mascoma Wealth Management LLC raised its position in Dow Chemical Company (The) by 0.4% in the second quarter. Mascoma Wealth Management LLC now owns 3,513 shares of the basic materials company’s stock valued at $222,000 after buying an additional 14 shares in the last quarter. Capital Management Corp VA raised its position in Dow Chemical Company (The) by 0.3% in the second quarter. Capital Management Corp VA now owns 4,505 shares of the basic materials company’s stock valued at $284,000 after buying an additional 14 shares in the last quarter. Finally, Guardian Life Insurance Co. of America raised its position in Dow Chemical Company (The) by 0.3% in the first quarter. Guardian Life Insurance Co. of America now owns 4,312 shares of the basic materials company’s stock valued at $274,000 after buying an additional 15 shares in the last quarter. 68.79% of the stock is currently owned by institutional investors and hedge funds.

Dow Chemical Company (The) Company Profile

Analyst Recommendations for Dow Chemical Company (The) (NYSE:DOW)

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