Dow Chemical Co. (NYSE:DOW) shares gapped up before the market opened on Thursday . The stock had previously closed at $51.01, but opened at $51.18. Dow Chemical shares last traded at $52.08, with a volume of 2,229,596 shares trading hands.

Several research analysts recently commented on the company. Barclays PLC increased their price target on Dow Chemical from $50.00 to $55.00 and gave the company an “equal weight” rating in a research report on Monday, May 2nd. Royal Bank Of Canada reissued a “buy” rating on shares of Dow Chemical in a research report on Saturday, April 30th. Credit Suisse Group AG reissued a “buy” rating on shares of Dow Chemical in a research report on Saturday, April 30th. Vetr cut Dow Chemical from a “buy” rating to a “hold” rating and set a $51.75 price target for the company. in a research report on Monday, May 23rd. Finally, Zacks Investment Research cut Dow Chemical from a “buy” rating to a “hold” rating in a research report on Tuesday, May 3rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $55.58.

The company has a market cap of $58.16 billion and a PE ratio of 9.89. The company has a 50-day moving average price of $51.54 and a 200-day moving average price of $49.76.

Dow Chemical (NYSE:DOW) last issued its quarterly earnings data on Thursday, April 28th. The company reported $0.89 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.06. The company earned $10.70 billion during the quarter, compared to analysts’ expectations of $10.66 billion. The business’s quarterly revenue was down 13.5% on a year-over-year basis. During the same quarter last year, the business earned $0.84 earnings per share. Equities research analysts forecast that Dow Chemical Co. will post $3.50 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Thursday, June 30th will be issued a $0.46 dividend. The ex-dividend date is Tuesday, June 28th. This represents a $1.84 annualized dividend and a yield of 3.55%.

A number of hedge funds recently modified their holdings of DOW. MUFG Americas raised its stake in shares of Dow Chemical by 1.8% in the third quarter. MUFG Americas now owns 140,291 shares of the company’s stock valued at $5,949,000 after buying an additional 2,541 shares during the period. Fiduciary Trust Co. raised its stake in shares of Dow Chemical by 4.3% in the fourth quarter. Fiduciary Trust Co. now owns 38,087 shares of the company’s stock valued at $1,961,000 after buying an additional 1,580 shares during the period. Ardevora Asset Management LLP raised its stake in shares of Dow Chemical by 180.2% in the fourth quarter. Ardevora Asset Management LLP now owns 279,723 shares of the company’s stock valued at $14,400,000 after buying an additional 179,900 shares during the period. TD Asset Management Inc. raised its stake in shares of Dow Chemical by 6.1% in the fourth quarter. TD Asset Management Inc. now owns 924,810 shares of the company’s stock valued at $47,609,000 after buying an additional 52,784 shares during the period. Finally, Chicago Equity Partners LLC raised its stake in shares of Dow Chemical by 15.5% in the fourth quarter. Chicago Equity Partners LLC now owns 20,320 shares of the company’s stock valued at $1,046,000 after buying an additional 2,730 shares during the period.

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