BidaskClub Downgrades Dow Chemical Company (The) (DOW) to Sell

Dow Chemical Company (The) (NYSE:DOW) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a report released on Monday, July 24th.

A number of other equities analysts have also recently issued reports on the stock. Cowen and Company restated a “hold” rating and issued a $60.00 price objective on shares of Dow Chemical Company (The) in a research note on Friday, July 14th. Royal Bank Of Canada reiterated a “buy” rating and set a $76.00 target price on shares of Dow Chemical Company (The) in a research report on Thursday, July 6th. Zacks Investment Research cut shares of Dow Chemical Company (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. UBS AG reiterated a “buy” rating and set a $72.00 target price on shares of Dow Chemical Company (The) in a research report on Monday, May 15th. Finally, 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 report on Sunday, April 30th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $71.42.

Shares of Dow Chemical Company (NYSE:DOW) traded up 0.24% during trading on Monday, hitting $63.26. The company had a trading volume of 4,990,267 shares. The firm has a market capitalization of $77.40 billion, a P/E ratio of 27.09 and a beta of 1.13. The stock’s 50-day moving average is $64.62 and its 200 day moving average is $63.06. 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 announced its quarterly earnings data on Thursday, July 27th. The basic materials company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.07. Dow Chemical Company (The) had a net margin of 5.83% and a return on equity of 17.08%. The company had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $13.60 billion. During the same quarter in the prior year, the company posted $0.95 EPS. The business’s revenue was up 15.7% on a year-over-year basis. Equities research analysts predict that Dow Chemical Company will post $4.08 earnings per share for the current fiscal year.

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Hedge funds have recently made changes to their positions in the company. Pinnacle Bank bought a new stake in shares of Dow Chemical Company (The) during the first quarter valued at approximately $103,000. First Command Bank increased its stake in shares of Dow Chemical Company (The) by 36.9% in the second quarter. First Command Bank now owns 1,617 shares of the basic materials company’s stock valued at $102,000 after buying an additional 436 shares during the period. West Oak Capital LLC increased its stake in Dow Chemical Company (The) by 29.2% in the first quarter. West Oak Capital LLC now owns 1,679 shares of the basic materials company’s stock worth $107,000 after buying an additional 379 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 worth $107,000 after buying an additional 750 shares during the period. Finally, Cable Hill Partners LLC increased its stake in Dow Chemical Company (The) by 7.6% in the first quarter. Cable Hill Partners LLC now owns 1,764 shares of the basic materials company’s stock worth $112,000 after buying an additional 124 shares during the period. Hedge funds and other institutional investors own 68.79% of the company’s stock.

Dow Chemical Company (The) Company Profile

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

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