The Dow Chemical Company (NYSE: DOW)‘s stock had its “buy” rating reaffirmed by TheStreet in a research note issued on Friday.
The analysts wrote, “Dow Chemical (DOW) has been reiterated by TheStreet Ratings as a buy with a ratings score of B . The company’s strongest point has been its a solid financial position based on a variety of debt and liquidity measures that we have looked at. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.”
A number of other firms have also recently commented on DOW. Analysts at Zacks reiterated a “neutral” rating on shares of The Dow Chemical Company in a research note to investors on Tuesday, February 5th. They now have a $34.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of The Dow Chemical Company in a research note to investors on Friday, February 1st. They now have a $35.00 price target on the stock, up previously from $31.00. Finally, analysts at UBS AG raised their price target on shares of The Dow Chemical Company from $34.00 to $35.00 in a research note to investors on Friday, February 1st. They now have a “buy” rating on the stock.
Six investment analysts have rated the stock with a buy rating, twelve have issued a hold rating, one has assigned an underweight rating, and one has given a sell rating to the company. The stock has an average rating of “hold” and an average price target of $35.43.
The Dow Chemical Company traded down 1.10% on Friday, hitting $31.37. The Dow Chemical Company has a 52-week low of $27.45 and a 52-week high of $36.08. The stock’s 50-day moving average is currently $32.89. The company has a market cap of $37.781 billion and a price-to-earnings ratio of 45.31.
The Dow Chemical Company last released its earnings data on Thursday, January 31st. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by $0.01. The company had revenue of $13.92 billion for the quarter, compared to the consensus estimate of $13.70 billion. During the same quarter in the prior year, the company posted $0.25 earnings per share. The company’s quarterly revenue was down 1.3% on a year-over-year basis. On average, analysts predict that The Dow Chemical Company will post $2.36 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, April 30th. Stockholders of record on Thursday, February 28th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date of this dividend is Tuesday, March 26th.
The Dow Chemical Company (Dow) is a diversified manufacturer and supplier of products used primarily as raw materials in the manufacture of customer products and services worldwide.
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