BidaskClub upgraded shares of Dow Chemical Company (The) (NYSE:DOW) from a sell rating to a hold rating in a research note issued to investors on Wednesday morning.

Several other research analysts have also weighed in on the company. Alembic Global Advisors set a $85.00 price target on Dow Chemical Company (The) and gave the stock a buy rating in a research report on Thursday, July 27th. Cowen and Company reaffirmed a hold rating and set a $60.00 price target on shares of Dow Chemical Company (The) in a research report on Friday, July 14th. Royal Bank Of Canada reaffirmed a buy rating and set a $76.00 price target on shares of Dow Chemical Company (The) in a research report on Thursday, July 6th. Zacks Investment Research lowered Dow Chemical Company (The) from a hold rating to a sell rating in a research report on Tuesday, July 4th. Finally, UBS AG reaffirmed a buy rating and set a $72.00 price target on shares of Dow Chemical Company (The) in a research report on Monday, May 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Buy and an average target price of $71.42.

Shares of Dow Chemical Company (NYSE DOW) opened at 64.54 on Wednesday. The company has a 50 day moving average of $64.75 and a 200 day moving average of $63.33. The firm has a market capitalization of $78.96 billion, a PE ratio of 27.64 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 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.07. The firm had revenue of $13.83 billion for the quarter, compared to analyst estimates of $13.60 billion. Dow Chemical Company (The) had a return on equity of 17.08% and a net margin of 5.83%. The business’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.95 EPS. On average, analysts anticipate that Dow Chemical Company will post $4.08 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Monday, July 31st will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $1.84 annualized dividend and a dividend yield of 2.85%. Dow Chemical Company (The)’s dividend payout ratio is currently 76.99%.

Hedge funds have recently added to or reduced their stakes in the stock. Vicus Capital increased its stake in Dow Chemical Company (The) by 11.5% in the first quarter. Vicus Capital now owns 12,665 shares of the basic materials company’s stock valued at $805,000 after buying an additional 1,307 shares during the period. Capital Investment Advisors LLC increased its stake in Dow Chemical Company (The) by 9.4% in the first quarter. Capital Investment Advisors LLC now owns 9,629 shares of the basic materials company’s stock valued at $612,000 after buying an additional 826 shares during the period. First Financial Corp IN increased its stake in Dow Chemical Company (The) by 79.8% in the first quarter. First Financial Corp IN now owns 1,690 shares of the basic materials company’s stock valued at $107,000 after buying an additional 750 shares during the period. Palisade Capital Management LLC NJ increased its stake in Dow Chemical Company (The) by 53.5% in the first quarter. Palisade Capital Management LLC NJ now owns 147,630 shares of the basic materials company’s stock valued at $9,380,000 after buying an additional 51,440 shares during the period. Finally, DnB Asset Management AS increased its stake in Dow Chemical Company (The) by 8.7% in the first quarter. DnB Asset Management AS now owns 127,868 shares of the basic materials company’s stock valued at $8,125,000 after buying an additional 10,200 shares during the period. Institutional investors and hedge funds own 68.36% of the company’s stock.

About Dow Chemical Company (The)

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

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