BidaskClub upgraded shares of Dow Chemical Company (The) (NYSE:DOW) from a strong sell rating to a sell rating in a research note released on Thursday morning.

Other analysts also recently issued reports about the stock. Credit Suisse Group set a $66.00 price objective on shares of Dow Chemical Company (The) and gave the company a buy rating in a report on Sunday, April 30th. UBS AG reaffirmed a buy rating and issued a $72.00 price objective on shares of Dow Chemical Company (The) in a report on Monday, May 15th. Zacks Investment Research downgraded shares of Dow Chemical Company (The) from a hold rating to a sell rating in a report on Tuesday, July 4th. Cowen and Company upped 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 report on Wednesday, May 31st. Finally, Erste Group began coverage on shares of Dow Chemical Company (The) in a report on Tuesday, April 25th. They issued a hold rating on the stock. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Dow Chemical Company (The) presently has a consensus rating of Buy and a consensus price target of $71.42.

Shares of Dow Chemical Company (DOW) opened at 63.40 on Thursday. The stock has a market cap of $77.57 billion, a PE ratio of 27.15 and a beta of 1.13. The stock’s 50 day moving average is $64.66 and its 200-day moving average is $63.17. Dow Chemical Company has a 12-month low of $51.57 and a 12-month high of $67.50.

Dow Chemical Company (The) (NYSE:DOW) last released 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. The business had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $13.60 billion. Dow Chemical Company (The) had a net margin of 5.83% and a return on equity of 17.08%. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.95 EPS. Equities analysts expect that Dow Chemical Company will post $4.08 EPS for the current year.

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The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, July 31st will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date is Thursday, July 27th. Dow Chemical Company (The)’s dividend payout ratio is presently 76.99%.

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Dow Chemical Company (The) by 7.6% in 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. bought a new position in Dow Chemical Company (The) during the second quarter worth $274,667,000. Jana Partners LLC bought a new position in Dow Chemical Company (The) during the first quarter worth $225,688,000. BlackRock Inc. boosted its position in Dow Chemical Company (The) by 3.8% in 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 boosted its position in Dow Chemical Company (The) by 34.8% in 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 own 68.36% of the company’s stock.

About Dow Chemical Company (The)

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

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