Dow Chemical Co. (DOW) PT Set at $65.00 by RBC Capital Markets
Dow Chemical Co. (NYSE:DOW) received a $65.00 target price from research analysts at RBC Capital Markets in a research report issued to clients and investors on Tuesday. The brokerage currently has a a “buy” rating on the stock. RBC Capital Markets’ price objective would indicate a potential upside of 23.25% from the company’s current price.
Other research analysts have also recently issued reports about the stock. Credit Suisse Group AG reaffirmed a “buy” rating and set a $61.00 target price on shares of Dow Chemical in a report on Friday, July 29th. Vetr cut shares of Dow Chemical from a “sell” rating to a “strong sell” rating and set a $46.12 target price on the stock. in a report on Monday, July 18th. Nomura reaffirmed a “buy” rating on shares of Dow Chemical in a report on Tuesday, July 12th. JPMorgan Chase & Co. raised shares of Dow Chemical from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $50.00 to $60.00 in a report on Friday, July 29th. Finally, Barclays PLC raised their target price 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $59.83.
Dow Chemical (NYSE:DOW) opened at 52.74 on Tuesday. Dow Chemical has a 12-month low of $39.84 and a 12-month high of $57.10. The firm has a market cap of $59.43 billion, a P/E ratio of 7.70 and a beta of 1.52. The firm’s 50-day moving average price is $53.33 and its 200 day moving average price is $52.09.
Dow Chemical (NYSE:DOW) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.09. The firm earned $12 billion during the quarter, compared to the consensus estimate of $11.24 billion. Dow Chemical had a net margin of 18.31% and a return on equity of 18.86%. The business’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period last year, the business posted $0.91 earnings per share. Analysts forecast that Dow Chemical will post $3.53 earnings per share 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 issued a dividend of $0.46 per share. The ex-dividend date is Wednesday, September 28th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.49%. Dow Chemical’s dividend payout ratio (DPR) is presently 27.10%.
Institutional investors have recently modified their holdings of the company. Edgar Lomax Co. VA raised its position 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 worth $46,931,000 after buying an additional 36,775 shares during the period. Avalon Advisors LLC raised its position 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 worth $25,022,000 after buying an additional 22,098 shares during the period. Legal & General Group Plc raised its position 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 worth $261,704,000 after buying an additional 173,534 shares during the period. 1st Global Advisors Inc. acquired a new position in shares of Dow Chemical during the second quarter worth approximately $388,000. Finally, Nordea Investment Management AB raised its position 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 worth $128,670,000 after buying an additional 1,787,393 shares during the period. Institutional investors own 67.53% of the company’s stock.
Dow Chemical Company Profile
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