Dow Chemical Company (The) (NYSE:DOW) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Thursday.

Other equities analysts also recently issued research reports about the stock. Royal Bank Of Canada restated a “buy” rating and issued a $76.00 price target on shares of Dow Chemical Company (The) in a research note on Thursday, July 6th. Zacks Investment Research upgraded shares of Dow Chemical Company (The) from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research note on Tuesday, April 18th. UBS AG restated a “buy” rating and issued a $72.00 price target on shares of Dow Chemical Company (The) in a research note on Monday, May 15th. Credit Suisse Group set a $66.00 target price on shares of Dow Chemical Company (The) and gave the stock a “buy” rating in a research note on Sunday, April 30th. Finally, Citigroup Inc. boosted their target price on shares of Dow Chemical Company (The) from $73.00 to $74.00 and gave the stock a “buy” rating in a research note on Monday, May 1st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $71.42.

Shares of Dow Chemical Company (DOW) traded down 0.35% during midday trading on Thursday, hitting $63.28. The stock had a trading volume of 199,721 shares. The firm’s 50 day moving average price is $64.65 and its 200 day moving average price is $63.02. The firm has a market cap of $77.42 billion, a price-to-earnings ratio of 27.10 and a beta of 1.13. Dow Chemical Company has a 52-week low of $51.57 and a 52-week high of $67.50.

Dow Chemical Company (The) (NYSE:DOW) last posted its quarterly earnings results on Thursday, July 27th. The basic materials company reported $1.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.07. The business had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $13.60 billion. Dow Chemical Company (The) had a net margin of 5.83% and a return on equity of 17.08%. The company’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.95 earnings per share. On average, equities research analysts expect that Dow Chemical Company will post $4.08 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Jennison Associates LLC boosted its position in Dow Chemical Company (The) by 23.1% in the first quarter. Jennison Associates LLC now owns 2,487,443 shares of the basic materials company’s stock valued at $158,052,000 after buying an additional 467,320 shares in the last quarter. Bremer Trust National Association boosted its position in Dow Chemical Company (The) by 4.9% in the first quarter. Bremer Trust National Association now owns 21,010 shares of the basic materials company’s stock valued at $1,335,000 after buying an additional 983 shares in the last quarter. Grassi Investment Management boosted its position in Dow Chemical Company (The) by 0.4% in the first quarter. Grassi Investment Management now owns 114,251 shares of the basic materials company’s stock valued at $7,260,000 after buying an additional 401 shares in the last quarter. Boston Advisors LLC boosted its position in Dow Chemical Company (The) by 0.6% in the first quarter. Boston Advisors LLC now owns 137,814 shares of the basic materials company’s stock valued at $8,757,000 after buying an additional 804 shares in the last quarter. Finally, Bollard Group LLC boosted its position in Dow Chemical Company (The) by 8.8% in the first quarter. Bollard Group LLC now owns 89,528 shares of the basic materials company’s stock valued at $5,689,000 after buying an additional 7,213 shares in the last quarter. 68.79% of the stock is owned by hedge funds and other institutional investors.

About Dow Chemical Company (The)

Analyst Recommendations for Dow Chemical Company (The) (NYSE:DOW)

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