Cowen and Company restated their hold rating on shares of Dow Chemical Company (The) (NYSE:DOW) in a report issued on Monday morning. The firm currently has a $60.00 price objective on the basic materials company’s stock.

Several other equities research analysts also recently weighed in on the stock. Alembic Global Advisors set a $85.00 target price on shares of Dow Chemical Company (The) and gave the company a buy rating in a research note on Thursday, July 27th. BidaskClub upgraded shares of Dow Chemical Company (The) from a sell rating to a hold rating in a research note on Wednesday, July 12th. Zacks Investment Research downgraded shares of Dow Chemical Company (The) from a hold rating to a sell rating in a research note on Tuesday, July 4th. Royal Bank Of Canada restated a buy rating and issued a $76.00 target price on shares of Dow Chemical Company (The) in a research note on Thursday, July 6th. Finally, Barclays PLC raised their target price on shares of Dow Chemical Company (The) from $65.00 to $67.00 and gave the company an equal weight rating in a research note on Monday, May 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $71.42.

Dow Chemical Company (NYSE DOW) opened at 64.90 on Monday. Dow Chemical Company has a one year low of $51.57 and a one year high of $67.50. The company has a market cap of $79.40 billion, a price-to-earnings ratio of 27.79 and a beta of 1.13. The firm has a 50-day moving average price of $64.75 and a 200 day moving average price of $63.33.

Dow Chemical Company (The) (NYSE:DOW) last issued its quarterly earnings data on Thursday, July 27th. The basic materials company reported $1.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.07. The company had revenue of $13.83 billion for the quarter, compared to analyst estimates of $13.60 billion. Dow Chemical Company (The) had a net margin of 5.83% and a return on equity of 17.08%. Dow Chemical Company (The)’s revenue was up 15.7% compared to the same quarter last year. During the same period last year, the company posted $0.95 earnings per share. Equities analysts expect that Dow Chemical Company will post $4.08 earnings per share for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Monday, July 31st will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $1.84 annualized dividend and a dividend yield of 2.84%. Dow Chemical Company (The)’s payout ratio is currently 76.99%.

Several large investors have recently bought and sold shares of DOW. Griffin Asset Management Inc. bought a new stake in Dow Chemical Company (The) during the second quarter valued at approximately $479,000. Gs Investments Inc. acquired a new position in shares of Dow Chemical Company (The) during the second quarter valued at about $2,835,000. Lord Abbett & CO. LLC boosted its position in shares of Dow Chemical Company (The) by 2.1% in the second quarter. Lord Abbett & CO. LLC now owns 2,372,036 shares of the basic materials company’s stock valued at $149,604,000 after buying an additional 49,558 shares during the period. USA Financial Portformulas Corp acquired a new position in shares of Dow Chemical Company (The) during the second quarter valued at about $280,000. Finally, United Bank VA boosted its position in shares of Dow Chemical Company (The) by 3.9% in the second quarter. United Bank VA now owns 62,875 shares of the basic materials company’s stock valued at $3,966,000 after buying an additional 2,382 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Dow Chemical Company (The) Company Profile

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

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