The Dow Chemical Company Receives “Buy” Rating from TheStreet (DOW)
The analysts wrote, “Dow Chemical (DOW) has been reiterated by TheStreet Ratings as a buy with a ratings score of B . The company’s strongest point has been its a solid financial position based on a variety of debt and liquidity measures that we have looked at. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.”
A number of other firms have also recently commented on DOW. Analysts at Macquarie reiterated an “outperform” rating on shares of The Dow Chemical Company in a research note to investors on Monday, March 4th. They now have a $39.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of The Dow Chemical Company in a research note to investors on Tuesday, February 5th. They now have a $34.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of The Dow Chemical Company in a research note to investors on Friday, February 1st. They now have a $35.00 price target on the stock, up previously from $31.00.
One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $35.18.
Shares of The Dow Chemical Company (NYSE: DOW) traded up 1.06% during mid-day trading on Thursday, hitting $31.33. The Dow Chemical Company has a 52 week low of $27.45 and a 52 week high of $36.08. The stock’s 50-day moving average is currently $32.2. The company has a market cap of $37.733 billion and a P/E ratio of 44.29.
The Dow Chemical Company (NYSE: DOW) last released its earnings data on Thursday, January 31st. The company reported $0.33 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.34 by $0.01. The company had revenue of $13.92 billion for the quarter, compared to the consensus estimate of $13.70 billion. During the same quarter last year, the company posted $0.25 earnings per share. The Dow Chemical Company’s revenue was down 1.3% compared to the same quarter last year. Analysts expect that The Dow Chemical Company will post $2.35 EPS for the current fiscal year.
The Dow Chemical Company (NYSE: DOW) is a diversified manufacturer and supplier of products used primarily as raw materials in the manufacture of customer products and services worldwide.
To view TheStreet’s full report, visit www.thestreetratings.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.