Jefferies Group LLC reaffirmed their buy rating on shares of Dow Chemical Company (The) (NYSE:DOW) in a research report released on Tuesday.

Other equities analysts have also issued reports about the company. BidaskClub lowered Dow Chemical Company (The) from a sell rating to a strong sell rating in a report on Thursday, August 10th. UBS AG reaffirmed a buy rating and set a $72.00 target price on shares of Dow Chemical Company (The) in a report on Monday, May 15th. Zacks Investment Research lowered Dow Chemical Company (The) from a hold rating to a sell rating in a report on Tuesday, July 4th. Cowen and Company upped their target price on 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, Royal Bank Of Canada reaffirmed a buy rating and set a $76.00 target price on shares of Dow Chemical Company (The) in a report on Thursday, July 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $71.42.

Shares of Dow Chemical Company (NYSE DOW) opened at 66.65 on Tuesday. The firm has a market capitalization of $81.54 billion, a PE ratio of 28.54 and a beta of 1.13. The firm’s 50-day moving average price is $64.79 and its 200-day moving average price is $63.46. Dow Chemical Company has a 52-week low of $51.57 and a 52-week high of $67.50.

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

TRADEMARK VIOLATION WARNING: “Dow Chemical Company (The)’s (DOW) “Buy” Rating Reiterated at Jefferies Group LLC” was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright legislation. The correct version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/09/01/dow-chemical-company-thes-dow-buy-rating-reiterated-at-jefferies-group-llc.html.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Monday, July 31st will be given a dividend of $0.46 per share. The ex-dividend date is Thursday, July 27th. This represents a $1.84 annualized dividend and a dividend yield of 2.79%. Dow Chemical Company (The)’s dividend payout ratio is presently 76.99%.

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its stake 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 during the period. Maverick Capital Ltd. purchased a new stake in Dow Chemical Company (The) during the second quarter worth $274,667,000. Jana Partners LLC purchased a new stake in Dow Chemical Company (The) during the first quarter worth $225,688,000. BlackRock Inc. increased its stake 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 during the period. Finally, Glenview Capital Management LLC increased its stake 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 during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

About Dow Chemical Company (The)

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

Receive News & Stock Ratings for Dow Chemical Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dow Chemical Company (The) and related stocks with our FREE daily email newsletter.