Vetr cut shares of Dow Chemical Co. (NYSE:DOW) from a buy rating to a hold rating in a research note released on Wednesday. Vetr currently has $57.93 price objective on the stock.

Other analysts also recently issued reports about the company. RBC Capital Markets restated a top pick rating and issued a $68.00 price target (up from $65.00) on shares of Dow Chemical in a research note on Friday, October 28th. Zacks Investment Research downgraded Dow Chemical from a buy rating to a hold rating in a research note on Wednesday, November 2nd. Citigroup Inc. upgraded Dow Chemical from a neutral rating to a buy rating and boosted their price target for the company from $55.00 to $59.00 in a research note on Monday, October 3rd. Finally, Royal Bank Of Canada upped their target price on Dow Chemical from $65.00 to $68.00 and gave the company a top pick rating in a research report on Friday, October 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $61.21.

Analyst Recommendations for Dow Chemical (NYSE:DOW)

Dow Chemical (NYSE:DOW) opened at 55.72 on Wednesday. Dow Chemical has a 12-month low of $40.26 and a 12-month high of $57.10. The company has a market cap of $62.48 billion, a PE ratio of 8.68 and a beta of 1.20. The company has a 50-day moving average price of $53.69 and a 200 day moving average price of $52.77.

Dow Chemical (NYSE:DOW) last released its quarterly earnings results on Thursday, October 27th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.12. The business earned $12.48 billion during the quarter, compared to the consensus estimate of $12.01 billion. Dow Chemical had a return on equity of 17.81% and a net margin of 16.91%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.82 EPS. On average, analysts forecast that Dow Chemical will post $3.65 EPS for the current fiscal year.

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A number of institutional investors have recently modified their holdings of DOW. Washington Trust Bank boosted its position in shares of Dow Chemical by 7.9% in the third quarter. Washington Trust Bank now owns 1,926 shares of the company’s stock worth $100,000 after buying an additional 141 shares during the last quarter. Smithfield Trust Co. boosted its position in shares of Dow Chemical by 14.2% in the third quarter. Smithfield Trust Co. now owns 1,941 shares of the company’s stock worth $101,000 after buying an additional 241 shares during the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new position in shares of Dow Chemical during the second quarter worth about $111,000. Americafirst Capital Management LLC purchased a new position in shares of Dow Chemical during the second quarter worth about $112,000. Finally, Nelson Roberts Investment Advisors LLC boosted its position in shares of Dow Chemical by 2.3% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 2,260 shares of the company’s stock worth $112,000 after buying an additional 50 shares during the last quarter. 67.89% of the stock is owned by institutional investors and hedge funds.

About Dow Chemical

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To view Vetr’s full report, visit Vetr’s official website.

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