Dow Chemical Co. (DOW) Downgraded by Vetr Inc. to “Hold”
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.
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.
COPYRIGHT VIOLATION NOTICE: This news story was originally reported by Daily Political and is the propert of of Daily Political. If you are accessing this news story on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The correct version of this news story can be read at http://www.dailypolitical.com/2016/12/01/dow-chemical-co-dow-downgraded-by-vetr-inc-to-hold.html.
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
To view Vetr’s full report, visit Vetr’s official website.
Receive News & Ratings for Dow Chemical Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dow Chemical Co. and related companies with MarketBeat.com's FREE daily email newsletter.