Dow Chemical Company (The) (DOW) Downgraded by BidaskClub to “Sell”

Dow Chemical Company (The) (NYSE:DOW) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Monday, July 24th.

Other equities analysts also recently issued reports about the stock. Royal Bank Of Canada reiterated a “buy” rating and issued a $76.00 price objective on shares of Dow Chemical Company (The) in a report on Friday, April 28th. Vetr downgraded shares of Dow Chemical Company (The) from a “strong-buy” rating to a “buy” rating and set a $71.22 price target on the stock. in a research note on Monday, March 27th. 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 on the stock 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. Finally, Credit Suisse Group set a $66.00 price target on shares of Dow Chemical Company (The) and gave the company a “buy” rating in a research note on Sunday, April 30th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $71.42.

Dow Chemical Company (NYSE DOW) opened at 63.40 on Monday. Dow Chemical Company has a 12-month low of $51.57 and a 12-month high of $67.50. The stock’s 50 day moving average is $64.66 and its 200-day moving average is $63.17. The company has a market capitalization of $77.57 billion, a P/E ratio of 27.15 and a beta of 1.13.

Dow Chemical Company (The) (NYSE:DOW) last released its quarterly earnings data on Thursday, July 27th. The basic materials company reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $13.60 billion. During the same period in the previous year, the company earned $0.95 earnings per share. The company’s quarterly revenue was up 15.7% on a year-over-year basis. On average, equities analysts predict that Dow Chemical Company will post $4.08 earnings per share for the current fiscal year.

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A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Dow Chemical Company (The) by 7.6% in the first quarter. Vanguard Group Inc. now owns 81,191,459 shares of the basic materials company’s stock worth $5,158,905,000 after buying an additional 5,722,128 shares during the last quarter. Norges Bank purchased a new stake in shares of Dow Chemical Company (The) during the fourth quarter worth about $327,158,000. Maverick Capital Ltd. bought a new position in Dow Chemical Company (The) during the second quarter worth approximately $274,667,000. Jana Partners LLC bought a new position in Dow Chemical Company (The) during the first quarter worth approximately $225,688,000. Finally, BlackRock Inc. boosted its position in Dow Chemical Company (The) by 3.8% in the second quarter. BlackRock Inc. now owns 83,423,778 shares of the basic materials company’s stock worth $5,261,538,000 after buying an additional 3,075,321 shares during the period. Hedge funds and other institutional investors own 68.36% of the company’s stock.

Dow Chemical Company (The) Company Profile

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