Shares of Dow Chemical Co. (NYSE:DOW) dropped 2.5% during trading on Friday . The stock traded as low as $52.27 and last traded at $52.29, with a volume of 3,825,080 shares changing hands. The stock had previously closed at $53.64.

DOW has been the topic of several analyst reports. Credit Suisse Group AG reiterated a “buy” rating on shares of Dow Chemical in a report on Monday, June 27th. Royal Bank Of Canada restated a “buy” rating on shares of Dow Chemical in a report on Saturday, April 30th. Vetr upgraded Dow Chemical from a “hold” rating to a “buy” rating and set a $53.70 price target on the stock in a report on Wednesday, May 4th. Nomura restated a “buy” rating on shares of Dow Chemical in a report on Tuesday, July 12th. Finally, Barclays PLC increased their price target on Dow Chemical from $50.00 to $55.00 and gave the stock an “equal weight” rating in a report on Monday, May 2nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $57.26.

The stock has a 50-day moving average price of $51.87 and a 200 day moving average price of $50.67. The stock has a market cap of $58.97 billion and a P/E ratio of 7.64.

Dow Chemical (NYSE:DOW) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.09. The firm had revenue of $12 billion for the quarter, compared to analysts’ expectations of $11.24 billion. The business’s quarterly revenue was down 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.91 earnings per share. On average, equities analysts predict that Dow Chemical Co. will post $3.48 earnings per share for the current year.

Other institutional investors have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. boosted its position in shares of Dow Chemical by 4.0% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 80,980 shares of the company’s stock worth $4,169,000 after buying an additional 3,101 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Dow Chemical by 63.0% in the fourth quarter. Victory Capital Management Inc. now owns 57,131 shares of the company’s stock worth $2,941,000 after buying an additional 22,081 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Dow Chemical by 5.2% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 26,978 shares of the company’s stock worth $1,389,000 after buying an additional 1,327 shares in the last quarter. Whittier Trust Co. boosted its position in shares of Dow Chemical by 7.3% in the fourth quarter. Whittier Trust Co. now owns 141,695 shares of the company’s stock worth $7,293,000 after buying an additional 9,678 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its position in shares of Dow Chemical by 2.1% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 178,644 shares of the company’s stock worth $9,197,000 after buying an additional 3,699 shares in the last quarter.

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