Dow Chemical Co. (DOW) PT Set at $65.00 by RBC Capital Markets
Dow Chemical Co. (NYSE:DOW) has been given a $65.00 target price by equities research analysts at RBC Capital Markets in a research report issued on Tuesday. The brokerage presently has a a “buy” rating on the stock. RBC Capital Markets’ target price points to a potential upside of 23.25% from the stock’s previous close.
DOW has been the topic of several other research reports. Credit Suisse Group AG reaffirmed a “buy” rating and set a $61.00 target price on shares of Dow Chemical in a report on Friday, July 29th. Vetr lowered shares of Dow Chemical from a “sell” rating to a “strong sell” rating and set a $46.12 price target on the stock. in a report on Monday, July 18th. Nomura reissued a “buy” rating on shares of Dow Chemical in a report on Tuesday, July 12th. JPMorgan Chase & Co. raised shares of Dow Chemical from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $50.00 to $60.00 in a report on Friday, July 29th. Finally, Barclays PLC raised their price target on shares of Dow Chemical from $55.00 to $58.00 and gave the stock an “equal weight” rating in a report on Friday, July 29th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. Dow Chemical presently has a consensus rating of “Buy” and a consensus target price of $59.83.
Shares of Dow Chemical (NYSE:DOW) opened at 52.74 on Tuesday. Dow Chemical has a 52-week low of $39.84 and a 52-week high of $57.10. The company has a market capitalization of $59.43 billion, a P/E ratio of 7.70 and a beta of 1.52. The stock’s 50 day moving average is $53.33 and its 200 day moving average is $52.09.
Dow Chemical (NYSE:DOW) last released its earnings results on Thursday, July 28th. The company reported $0.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.09. Dow Chemical had a net margin of 18.31% and a return on equity of 18.86%. The company had revenue of $12 billion for the quarter, compared to analyst estimates of $11.24 billion. During the same quarter last year, the firm earned $0.91 EPS. The firm’s quarterly revenue was down 7.4% compared to the same quarter last year. Equities analysts expect that Dow Chemical will post $3.53 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Shareholders of record on Friday, September 30th will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $1.84 dividend on an annualized basis and a yield of 3.49%. Dow Chemical’s dividend payout ratio is currently 27.10%.
A number of hedge funds have recently added to or reduced their stakes in the stock. Capital Investment Advisors LLC raised its stake in Dow Chemical by 4.5% in the first quarter. Capital Investment Advisors LLC now owns 8,908 shares of the company’s stock worth $453,000 after buying an additional 380 shares in the last quarter. Alpha Windward LLC raised its stake in Dow Chemical by 1.7% in the first quarter. Alpha Windward LLC now owns 13,017 shares of the company’s stock worth $662,000 after buying an additional 222 shares in the last quarter. Burke & Herbert Bank & Trust Co. raised its stake in Dow Chemical by 3.6% in the first quarter. Burke & Herbert Bank & Trust Co. now owns 11,439 shares of the company’s stock worth $582,000 after buying an additional 397 shares in the last quarter. TNB Financial raised its stake in Dow Chemical by 122.6% in the first quarter. TNB Financial now owns 8,635 shares of the company’s stock worth $439,000 after buying an additional 4,755 shares in the last quarter. Finally, Quotient Investors LLC raised its stake in Dow Chemical by 33.6% in the first quarter. Quotient Investors LLC now owns 28,460 shares of the company’s stock worth $1,447,000 after buying an additional 7,160 shares in the last quarter. Institutional investors and hedge funds own 67.53% of the company’s stock.
Dow Chemical Company Profile
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