Dow Chemical Company (The) (DWDP) Given Average Rating of “Buy” by Brokerages
Shares of Dow Chemical Company (The) (NYSE:DWDP) have been given a consensus recommendation of “Buy” by the twenty-three brokerages that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seventeen have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $79.94.
A number of equities analysts have issued reports on DWDP shares. Susquehanna Bancshares Inc started coverage on Dow Chemical Company (The) in a research note on Tuesday, September 5th. They set a “positive” rating and a $80.00 price target for the company. UBS AG started coverage on Dow Chemical Company (The) in a research note on Friday, September 1st. They set a “buy” rating for the company. Citigroup Inc. increased their price target on Dow Chemical Company (The) from $75.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, September 13th. Zacks Investment Research lowered Dow Chemical Company (The) from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 27th. Finally, Morgan Stanley increased their price target on Dow Chemical Company (The) from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Wednesday, November 1st.
In other news, insider Jeanmarie F. Desmond sold 6,708 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $71.01, for a total value of $476,335.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Charles J. Kalil sold 78,895 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $71.00, for a total value of $5,601,545.00. The disclosure for this sale can be found here. Company insiders own 0.89% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Colony Group LLC acquired a new stake in shares of Dow Chemical Company (The) in the third quarter worth $19,736,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Dow Chemical Company (The) in the third quarter worth $1,063,000. Point72 Asset Management L.P. acquired a new stake in shares of Dow Chemical Company (The) in the third quarter worth $178,591,000. Cedar Hill Associates LLC acquired a new stake in shares of Dow Chemical Company (The) in the third quarter worth $520,000. Finally, Affinity Wealth Management acquired a new stake in shares of Dow Chemical Company (The) in the third quarter worth $986,000. 74.82% of the stock is owned by institutional investors and hedge funds.
Dow Chemical Company (DWDP) opened at $70.74 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.38 and a current ratio of 2.01. The stock has a market capitalization of $165,530.89, a price-to-earnings ratio of 19.33, a price-to-earnings-growth ratio of 2.30 and a beta of 1.17. Dow Chemical Company has a one year low of $53.01 and a one year high of $73.85.
Dow Chemical Company (The) (NYSE:DWDP) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.55 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.55. The firm had revenue of $18.29 billion during the quarter, compared to analyst estimates of $18.24 billion. Dow Chemical Company (The) had a return on equity of 9.73% and a net margin of 5.01%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the company posted $0.91 EPS. equities research analysts predict that Dow Chemical Company will post 3.47 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Tuesday, November 14th. Dow Chemical Company (The)’s dividend payout ratio is presently 73.08%.
Dow Chemical Company (The) Company Profile
DowDuPont Inc is a holding company formed through the merger of equals between The Dow Chemical Company and E. I. du Pont de Nemours and Company (DuPont). The Company’s business divisions include Agriculture division, Material Science division, and a Specialty Products division. The Agriculture Division offers a complete portfolio of products and technologies, and a pipeline of germplasm, traits and crop protection.
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