Dow Chemical Co. (NYSE:DOW)’s share price fell 2.5% during mid-day 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 recent research reports. Vetr raised Dow Chemical from a “strong sell” rating to a “sell” rating and set a $51.12 price objective on the stock in a report on Monday, August 1st. Credit Suisse Group AG reissued a “buy” rating and set a $61.00 price objective on shares of Dow Chemical in a report on Friday, July 29th. Nomura raised their price objective on Dow Chemical from $59.00 to $62.00 and gave the company a “buy” rating in a report on Friday, July 29th. Barclays PLC raised their price objective on Dow Chemical from $55.00 to $58.00 and gave the company an “equal weight” rating in a report on Friday, July 29th. Finally, JPMorgan Chase & Co. raised Dow Chemical from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $50.00 to $60.00 in a report on Friday, July 29th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $57.26.

The company’s 50 day moving average price is $51.83 and its 200 day moving average price is $50.74. The stock has a market capitalization of $58.97 billion and a price-to-earnings ratio of 7.64.

Dow Chemical (NYSE:DOW) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.09. During the same quarter in the previous year, the company earned $0.91 earnings per share. The business 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. On average, equities research analysts anticipate that Dow Chemical Co. will post $3.48 earnings per share for the current fiscal year.

Other hedge funds have bought and sold shares of the company. Buckhead Capital Management LLC raised its stake in Dow Chemical by 19.7% in the fourth quarter. Buckhead Capital Management LLC now owns 119,885 shares of the company’s stock valued at $6,172,000 after buying an additional 19,705 shares during the last quarter. Cypress Asset Management Inc. TX raised its stake in Dow Chemical by 3.3% in the fourth quarter. Cypress Asset Management Inc. TX now owns 20,607 shares of the company’s stock valued at $1,061,000 after buying an additional 657 shares during the last quarter. Dai Ichi Life Insurance CO. LTD. raised its stake in Dow Chemical by 13.2% in the fourth quarter. Dai Ichi Life Insurance CO. LTD. now owns 169,472 shares of the company’s stock valued at $8,724,000 after buying an additional 19,698 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its stake in 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 valued at $9,197,000 after buying an additional 3,699 shares during the last quarter. Finally, Whittier Trust Co. raised its stake in Dow Chemical by 7.3% in the fourth quarter. Whittier Trust Co. now owns 141,695 shares of the company’s stock valued at $7,293,000 after buying an additional 9,678 shares during the last quarter.

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