Stephens Begins Coverage on Dow Chemical (DWDP)

Equities researchers at Stephens began coverage on shares of Dow Chemical (NYSE:DWDP) in a research report issued to clients and investors on Monday. The brokerage set an “overweight” rating and a $83.00 price target on the stock. Stephens’ target price would indicate a potential upside of 15.07% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the stock. Jefferies Group lifted their price target on shares of Dow Chemical to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, September 5th. Nomura assumed coverage on shares of Dow Chemical in a research note on Sunday, September 3rd. They set a “buy” rating and a $77.00 price target on the stock. UBS assumed coverage on shares of Dow Chemical in a research note on Friday, September 1st. They set a “buy” rating on the stock. Instinet reiterated a “buy” rating and set a $77.00 price target on shares of Dow Chemical in a research note on Tuesday, September 5th. Finally, Bank of America assumed coverage on shares of Dow Chemical in a research note on Monday, September 11th. They set a “buy” rating and a $78.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have given a buy rating to the stock. Dow Chemical has an average rating of “Buy” and a consensus price target of $79.89.

Shares of Dow Chemical (DWDP) traded up $1.12 during mid-day trading on Monday, reaching $72.13. 8,568,600 shares of the company were exchanged, compared to its average volume of 6,331,471. Dow Chemical has a fifty-two week low of $55.24 and a fifty-two week high of $73.85. The company has a market capitalization of $166,162.69, a price-to-earnings ratio of 19.40, a P/E/G ratio of 2.38 and a beta of 1.15. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.01 and a quick ratio of 1.38.

Dow Chemical (NYSE:DWDP) last announced its earnings results on Thursday, November 2nd. The company reported $0.55 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.55. Dow Chemical had a net margin of 5.01% and a return on equity of 9.73%. The business had revenue of $18.29 billion for the quarter, compared to analyst estimates of $18.24 billion. During the same quarter in the previous year, the firm posted $0.91 earnings per share. Dow Chemical’s revenue was up 7.6% compared to the same quarter last year. equities analysts anticipate that Dow Chemical will post 3.36 EPS for the current fiscal year.

In related news, General Counsel Charles J. Kalil sold 78,895 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $71.00, for a total transaction of $5,601,545.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jeanmarie F. Desmond sold 6,708 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $71.01, for a total transaction of $476,335.08. The disclosure for this sale can be found here. Insiders sold a total of 190,580 shares of company stock worth $13,584,719 in the last 90 days. 0.89% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC bought a new stake in Dow Chemical during the 3rd quarter worth about $3,104,000. Colony Group LLC bought a new stake in Dow Chemical during the 3rd quarter worth about $19,736,000. Cubist Systematic Strategies LLC bought a new stake in Dow Chemical during the 3rd quarter worth about $1,063,000. Point72 Asset Management L.P. bought a new stake in Dow Chemical during the 3rd quarter worth about $178,591,000. Finally, Cedar Hill Associates LLC bought a new stake in Dow Chemical during the 3rd quarter worth about $520,000. Institutional investors and hedge funds own 68.81% of the company’s stock.

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Dow Chemical Company Profile

DowDuPont Inc is a holding company formed through the merger of equals between The Dow Chemical Company and E. I. du Pont de Nemours and Company (DuPont). The Company’s business divisions include Agriculture division, Material Science division, and a Specialty Products division. The Agriculture Division offers a complete portfolio of products and technologies, traits and crop protection.

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