Cowen and Company reiterated their hold rating on shares of Dow Chemical Company (The) (NYSE:DOW) in a research note released on Monday morning. Cowen and Company currently has a $60.00 target price on the basic materials company’s stock.

Other equities analysts have also issued reports about the stock. UBS AG restated a buy rating and issued a $72.00 price objective on shares of Dow Chemical Company (The) in a report on Monday, May 15th. Credit Suisse Group set a $66.00 price objective on shares of Dow Chemical Company (The) and gave the stock a buy rating in a report on Sunday, April 30th. BidaskClub lowered shares of Dow Chemical Company (The) from a sell rating to a strong sell rating in a report on Thursday, August 10th. Zacks Investment Research lowered shares of Dow Chemical Company (The) from a hold rating to a sell rating in a report on Tuesday, July 4th. Finally, Royal Bank Of Canada restated a buy rating and issued a $76.00 price objective on shares of Dow Chemical Company (The) in a report on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Dow Chemical Company (The) currently has a consensus rating of Buy and a consensus price target of $71.42.

Dow Chemical Company (NYSE:DOW) opened at 64.67 on Monday. The firm has a 50-day moving average price of $64.75 and a 200-day moving average price of $63.33. The company has a market capitalization of $79.12 billion, a P/E ratio of 27.70 and a beta of 1.13. Dow Chemical Company has a 1-year low of $51.57 and a 1-year high of $67.50.

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

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The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, July 31st will be paid a dividend of $0.46 per share. The ex-dividend date is Thursday, July 27th. This represents a $1.84 dividend on an annualized basis and a yield of 2.85%. Dow Chemical Company (The)’s dividend payout ratio is presently 76.99%.

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Dow Chemical Company (The) by 3.4% in the second quarter. Vanguard Group Inc. now owns 83,932,612 shares of the basic materials company’s stock worth $5,293,630,000 after buying an additional 2,741,153 shares during the last quarter. BlackRock Inc. increased its stake in shares of 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 during the last quarter. Capital World Investors increased its stake in shares of Dow Chemical Company (The) by 1.2% in the second quarter. Capital World Investors now owns 22,742,382 shares of the basic materials company’s stock worth $1,434,362,000 after buying an additional 275,695 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Dow Chemical Company (The) by 0.7% in the second quarter. Bank of New York Mellon Corp now owns 16,655,781 shares of the basic materials company’s stock worth $1,050,480,000 after buying an additional 114,858 shares during the last quarter. Finally, Third Point LLC increased its stake in shares of Dow Chemical Company (The) by 1.9% in the second quarter. Third Point LLC now owns 16,000,000 shares of the basic materials company’s stock worth $1,009,120,000 after buying an additional 300,000 shares during the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

About Dow Chemical Company (The)

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

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