Dow Chemical Co. (NYSE:DOW) has been assigned a $65.00 target price by investment analysts at RBC Capital Markets in a research report issued on Tuesday. The firm presently has a a “buy” rating on the stock. RBC Capital Markets’ price objective points to a potential upside of 23.64% from the stock’s current price.
Other equities analysts also recently issued reports about the stock. Nomura reaffirmed a “buy” rating on shares of Dow Chemical in a report on Tuesday, July 12th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Dow Chemical in a report on Monday, June 27th. Vetr raised shares of Dow Chemical from a “hold” rating to a “buy” rating and set a $57.48 price objective for the company in a report on Monday, September 5th. Barclays PLC raised their price objective 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. Finally, JPMorgan Chase & Co. downgraded shares of Dow Chemical from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $57.00 to $50.00 in a report on Tuesday, June 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. Dow Chemical currently has a consensus rating of “Buy” and a consensus target price of $59.83.
Dow Chemical (NYSE:DOW) traded down 0.048% on Tuesday, hitting $52.545. 4,344,828 shares of the stock traded hands. The stock has a market cap of $59.21 billion, a P/E ratio of 7.676 and a beta of 1.52. The stock has a 50-day moving average price of $53.34 and a 200 day moving average price of $52.09. Dow Chemical has a 12-month low of $39.84 and a 12-month high of $57.10.
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Dow Chemical (NYSE:DOW) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.09. The company had revenue of $12 billion for the quarter, compared to analyst estimates of $11.24 billion. Dow Chemical had a net margin of 18.31% and a return on equity of 18.86%. The business’s quarterly revenue was down 7.4% on a year-over-year basis. During the same period last year, the business posted $0.91 EPS. On average, equities analysts expect that Dow Chemical will post $3.53 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Friday, September 30th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 3.50%. The ex-dividend date is Wednesday, September 28th. Dow Chemical’s dividend payout ratio is 27.10%.
Large investors have recently modified their holdings of the company. Edgar Lomax Co. VA boosted its stake in shares of Dow Chemical by 4.2% in the first quarter. Edgar Lomax Co. VA now owns 922,749 shares of the company’s stock valued at $46,931,000 after buying an additional 36,775 shares in the last quarter. Avalon Advisors LLC boosted its stake in shares of Dow Chemical by 4.7% in the first quarter. Avalon Advisors LLC now owns 491,973 shares of the company’s stock valued at $25,022,000 after buying an additional 22,098 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Dow Chemical by 3.5% in the first quarter. Legal & General Group Plc now owns 5,145,288 shares of the company’s stock valued at $261,704,000 after buying an additional 173,534 shares in the last quarter. 1st Global Advisors Inc. acquired a new stake in shares of Dow Chemical during the second quarter valued at approximately $388,000. Finally, Nordea Investment Management AB boosted its stake in shares of Dow Chemical by 223.1% in the second quarter. Nordea Investment Management AB now owns 2,588,422 shares of the company’s stock valued at $128,670,000 after buying an additional 1,787,393 shares in the last quarter. Institutional investors own 67.53% of the company’s stock.
About Dow Chemical
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