Published On: Tue, Sep 13th, 2016

Investors Buy Dow Chemical Co. (DOW) on Weakness

Traders bought shares of Dow Chemical Co. (NYSE:DOW) on weakness during trading hours on Monday. $77.50 million flowed into the stock on the tick-up and $60.80 million flowed out of the stock on the tick-down, for a money net flow of $16.70 million into the stock. Of all companies tracked, Dow Chemical had the 3rd highest net in-flow for the day. Dow Chemical traded down ($0.50) for the day and closed at $52.91
Several research analysts have recently issued reports on DOW shares. Vetr downgraded shares of Dow Chemical from a “buy” rating to a “hold” rating and set a $51.75 price target for the company. in a report on Monday, May 23rd. Credit Suisse Group AG reiterated a “buy” rating and set a $61.00 price target on shares of Dow Chemical in a report on Friday, July 29th. Barclays PLC upped their price target on shares of Dow Chemical from $55.00 to $58.00 and gave the stock an “equal weight” rating in a report on Friday, July 29th. JPMorgan Chase & Co. upgraded shares of Dow Chemical from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $50.00 to $60.00 in a report on Friday, July 29th. Finally, Nomura upped their price target on shares of Dow Chemical from $59.00 to $62.00 and gave the stock a “buy” rating in a report on Friday, July 29th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $59.46.
The company’s 50 day moving average price is $53.50 and its 200 day moving average price is $51.95. The stock has a market cap of $59.62 billion, a price-to-earnings ratio of 7.73 and a beta of 1.52.

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Dow Chemical (NYSE:DOW) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.09. Dow Chemical had a net margin of 18.31% and a return on equity of 18.86%. The company earned $12 billion during the quarter, compared to the consensus estimate of $11.24 billion. During the same period in the previous year, the firm posted $0.91 EPS. The firm’s revenue was down 7.4% compared to the same quarter last year. Equities analysts expect that Dow Chemical Co. will post $3.50 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Friday, September 30th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend is Wednesday, September 28th. Dow Chemical’s payout ratio is presently 27.10%.

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