Dow Chemical Company (The) (NYSE:DOW) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “Dow Chemical has underperformed the Zacks categorized 'Chemicals-Diversified' industry over the past three months, weakened by sluggish global activity and expected weakness in the agriculture market. Dow’s agriculture business remains affected by depressed crop commodity prices. The company also faces pricing and currency headwinds as well as weak demand in the energy market. Moreover, demand across Europe remains soft due to the sluggish economy and political uncertainties. “

Several other equities analysts have also weighed in on DOW. Sanford C. Bernstein reissued an “overweight” rating on shares of Dow Chemical Company (The) in a research note on Friday, December 23rd. Vetr raised Dow Chemical Company (The) from a “sell” rating to a “hold” rating and set a $57.94 target price on the stock in a research note on Tuesday, December 27th. RBC Capital Markets increased their target price on Dow Chemical Company (The) from $68.00 to $72.00 and gave the company a “top pick” rating in a research note on Monday, December 19th. Royal Bank Of Canada increased their target price on Dow Chemical Company (The) from $65.00 to $68.00 and gave the company a “top pick” rating in a research note on Friday, October 28th. Finally, Citigroup Inc. upgraded Dow Chemical Company (The) from a “neutral” rating to a “buy” rating and increased their price target for the stock from $55.00 to $59.00 in a report on Monday, October 3rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $61.91.

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

Shares of Dow Chemical Company (NYSE:DOW) traded down 0.5251% during midday trading on Wednesday, hitting $57.9839. The stock had a trading volume of 1,028,269 shares. Dow Chemical Company has a one year low of $40.26 and a one year high of $59.33. The company has a market capitalization of $65.02 billion, a PE ratio of 9.0346 and a beta of 1.19. The firm’s 50-day moving average is $57.35 and its 200 day moving average is $53.92.

Dow Chemical Company (The) (NYSE:DOW) last released its earnings results on Thursday, October 27th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.12. Dow Chemical Company (The) had a return on equity of 17.81% and a net margin of 16.91%. The firm had revenue of $12.48 billion for the quarter, compared to analyst estimates of $12.01 billion. During the same quarter in the prior year, the firm posted $0.82 earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis. Equities analysts expect that Dow Chemical Company will post $3.65 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 30th. Shareholders of record on Wednesday, December 28th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Friday, December 23rd. This represents a $1.84 dividend on an annualized basis and a yield of 3.16%. Dow Chemical Company (The)’s dividend payout ratio is 29.07%.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Hall Laurie J Trustee acquired a new stake in Dow Chemical Company (The) during the fourth quarter worth about $178,000. NN Investment Partners Holdings N.V. boosted its stake in Dow Chemical Company (The) by 0.8% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 200,512 shares of the company’s stock worth $11,473,000 after buying an additional 1,580 shares during the last quarter. ELCO Management Co. LLC acquired a new stake in Dow Chemical Company (The) during the third quarter worth about $4,613,000. RGT Capital Management Ltd. acquired a new stake in Dow Chemical Company (The) during the third quarter worth about $245,000. Finally, SevenBridge Financial Group LLC boosted its stake in Dow Chemical Company (The) by 29.0% in the third quarter. SevenBridge Financial Group LLC now owns 5,760 shares of the company’s stock worth $305,000 after buying an additional 1,294 shares during the last quarter. Hedge funds and other institutional investors own 67.79% of the company’s stock.

About Dow Chemical Company (The)

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