Alembic Global Advisors set a $85.00 target price on Dow Chemical Company (The) (NYSE:DOW) in a research report sent to investors on Thursday. The brokerage currently has a buy rating on the basic materials company’s stock.

Other equities research analysts have also issued reports about the company. UBS AG restated a buy rating and set a $72.00 price target on shares of Dow Chemical Company (The) in a research report on Monday, May 15th. Credit Suisse Group set a $66.00 price target on Dow Chemical Company (The) and gave the stock a buy rating in a research report on Sunday, April 30th. Zacks Investment Research upgraded Dow Chemical Company (The) from a hold rating to a buy rating and set a $68.00 price target on the stock in a research report on Tuesday, April 18th. BidaskClub upgraded Dow Chemical Company (The) from a strong sell rating to a sell rating in a research report on Saturday, July 1st. Finally, Cowen and Company increased their price target on Dow Chemical Company (The) from $47.00 to $60.00 and gave the stock a market perform rating in a research report on Wednesday, May 31st. Two research analysts have rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $71.42.

Shares of Dow Chemical Company (NYSE:DOW) opened at 65.68 on Thursday. The firm’s 50-day moving average price is $64.81 and its 200 day moving average price is $62.66. The company has a market cap of $80.36 billion, a P/E ratio of 28.13 and a beta of 1.13. Dow Chemical Company has a 52 week low of $51.57 and a 52 week high of $67.50.

Dow Chemical Company (The) (NYSE:DOW) last released its quarterly earnings results on Thursday, July 27th. The basic materials company reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.07. The business had revenue of $13.83 billion for the quarter, compared to analyst estimates of $13.60 billion. Dow Chemical Company (The) had a return on equity of 17.08% and a net margin of 5.83%. Dow Chemical Company (The)’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.95 EPS. On average, equities analysts predict that Dow Chemical Company will post $4.07 EPS for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, July 31st will be given a $0.46 dividend. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $1.84 dividend on an annualized basis and a yield of 2.80%. Dow Chemical Company (The)’s payout ratio is 76.99%.

A number of hedge funds and other institutional investors have recently made changes to their positions in DOW. First Command Bank increased its position in Dow Chemical Company (The) by 36.9% in the second quarter. First Command Bank now owns 1,617 shares of the basic materials company’s stock worth $102,000 after buying an additional 436 shares during the period. Pinnacle Bank bought a new position in Dow Chemical Company (The) during the first quarter worth $103,000. West Oak Capital LLC increased its position in Dow Chemical Company (The) by 29.2% in the first quarter. West Oak Capital LLC now owns 1,679 shares of the basic materials company’s stock worth $107,000 after buying an additional 379 shares during the period. First Financial Corp IN increased its position in Dow Chemical Company (The) by 79.8% in the first quarter. First Financial Corp IN now owns 1,690 shares of the basic materials company’s stock worth $107,000 after buying an additional 750 shares during the period. Finally, Cable Hill Partners LLC increased its position in Dow Chemical Company (The) by 7.6% in the first quarter. Cable Hill Partners LLC now owns 1,764 shares of the basic materials company’s stock worth $112,000 after buying an additional 124 shares during the period. Hedge funds and other institutional investors own 68.97% of the company’s stock.

Dow Chemical Company (The) Company Profile

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

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