Traders Sell Shares of Dow Chemical Co. (DOW) on Strength (DOW)
Investors sold shares of Dow Chemical Co. (NYSE:DOW) on strength during trading on Friday. $23.14 million flowed into the stock on the tick-up and $48.79 million flowed out of the stock on the tick-down, for a money net flow of $25.65 million out of the stock. Of all companies tracked, Dow Chemical had the 0th highest net out-flow for the day. Dow Chemical traded up $0.19 for the day and closed at $53.42
DOW has been the topic of several research reports. Vetr cut shares of Dow Chemical from a “buy” rating to a “sell” rating and set a $46.12 price target on the stock. in a research report on Monday, July 4th. Royal Bank Of Canada reiterated a “buy” rating on shares of Dow Chemical in a research report on Saturday, April 30th. Jefferies Group boosted their price objective on shares of Dow Chemical from $54.00 to $58.00 and gave the company a “hold” rating in a research report on Monday, May 2nd. Nomura boosted their price objective on shares of Dow Chemical from $59.00 to $62.00 and gave the company a “buy” rating in a research report on Friday, July 29th. Finally, Credit Suisse Group AG reiterated a “buy” rating on shares of Dow Chemical in a research report on Monday, June 27th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $57.26.
The company’s 50 day moving average is $52.27 and its 200-day moving average is $51.13. The stock has a market capitalization of $60.20 billion and a price-to-earnings ratio of 7.80.
Dow Chemical (NYSE:DOW) last issued its earnings results on Thursday, July 28th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.09. During the same period last year, the business earned $0.91 earnings per share. The company earned $12 billion during the quarter, compared to analyst estimates of $11.24 billion. The firm’s revenue was down 7.4% compared to the same quarter last year. On average, equities research analysts predict that Dow Chemical Co. will post $3.48 EPS for the current year.
Other hedge funds recently modified their holdings of the company. Airain ltd bought a new stake in shares of Dow Chemical during the fourth quarter worth about $1,016,000. Whittier Trust Co. of Nevada Inc. increased its stake 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 during the period. Home Federal Bank of Tennessee bought a new stake in shares of Dow Chemical during the fourth quarter worth about $1,795,000. West Family Investments Inc. bought a new stake in shares of Dow Chemical during the fourth quarter worth about $2,574,000. Finally, Victory Capital Management Inc. increased its stake 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 during the last quarter.
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