Dow Chemical Company (The) (DOW) Upgraded to Hold at Vetr Inc., Report finds

Dow Chemical Company (The) (DOW) Upgraded to Hold at Vetr Inc., Report finds

Dow Chemical Company (The) (NYSE:DOW) was upgraded by equities researchers at Vetr from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday. The firm currently has a $57.94 price objective on the stock. Vetr‘s price objective suggests a potential downside of 3.00% from the company’s previous close.

A number of other equities analysts have also weighed in on DOW. Credit Suisse Group set a $66.00 price objective on shares of Dow Chemical Company (The) and gave the stock a “buy” rating in a report on Friday, January 27th. Barclays PLC restated a “hold” rating and issued a $65.00 price objective on shares of Dow Chemical Company (The) in a report on Sunday, January 29th. Jefferies Group LLC restated a “hold” rating and issued a $65.00 price objective on shares of Dow Chemical Company (The) in a report on Thursday, February 2nd. Sanford C. Bernstein restated an “overweight” rating on shares of Dow Chemical Company (The) in a report on Friday, December 23rd. Finally, Royal Bank Of Canada boosted their price objective on shares of Dow Chemical Company (The) from $68.00 to $72.00 and gave the stock a “top pick” rating in a report on Monday, December 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. Dow Chemical Company (The) presently has an average rating of “Buy” and an average price target of $63.50.

Shares of Dow Chemical Company (NYSE:DOW) traded down 0.10% during mid-day trading on Wednesday, hitting $59.73. The stock had a trading volume of 4,725,220 shares. The stock’s 50-day moving average price is $58.69 and its 200-day moving average price is $55.07. The firm has a market cap of $66.07 billion, a PE ratio of 16.97 and a beta of 1.12. Dow Chemical Company has a 52-week low of $44.40 and a 52-week high of $61.73.

Dow Chemical Company (The) (NYSE:DOW) last issued its quarterly earnings results on Thursday, January 26th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.11. Dow Chemical Company (The) had a return on equity of 16.85% and a net margin of 8.97%. The firm had revenue of $13 billion for the quarter, compared to analysts’ expectations of $12.36 billion. During the same period in the previous year, the firm posted $0.93 EPS. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. On average, analysts anticipate that Dow Chemical Company will post $4.07 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, January 30th. Investors of record on Wednesday, December 28th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 3.08%. The ex-dividend date was Friday, December 23rd. Dow Chemical Company (The)’s dividend payout ratio is currently 54.76%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Abner Herrman & Brock LLC increased its position in shares of Dow Chemical Company (The) by 38.1% in the third quarter. Abner Herrman & Brock LLC now owns 37,357 shares of the company’s stock valued at $1,936,000 after buying an additional 10,305 shares in the last quarter. Capstone Asset Management Co. increased its position in shares of Dow Chemical Company (The) by 262.2% in the third quarter. Capstone Asset Management Co. now owns 303,877 shares of the company’s stock valued at $15,750,000 after buying an additional 219,973 shares in the last quarter. Gulf International Bank UK Ltd increased its position in shares of Dow Chemical Company (The) by 1.8% in the third quarter. Gulf International Bank UK Ltd now owns 340,965 shares of the company’s stock valued at $17,672,000 after buying an additional 5,900 shares in the last quarter. Bristol Gate Capital Partners Inc. increased its position in shares of Dow Chemical Company (The) by 3.0% in the third quarter. Bristol Gate Capital Partners Inc. now owns 514,766 shares of the company’s stock valued at $26,680,000 after buying an additional 15,169 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its position in shares of Dow Chemical Company (The) by 13.3% in the third quarter. Daiwa Securities Group Inc. now owns 146,600 shares of the company’s stock valued at $7,599,000 after buying an additional 17,200 shares in the last quarter. 69.13% of the stock is owned by institutional investors.

Dow Chemical Company (The) Company Profile

To view Vetr’s full report, visit Vetr’s official website.

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Dow Chemical Company (The) (DOW) Upgraded to Hold at Vetr Inc.

Dow Chemical Company (The) (DOW) Upgraded to Hold at Vetr Inc.

Dow Chemical Company (The) (NYSE:DOW) was upgraded by equities researchers at Vetr from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday. The firm currently has a $57.94 price objective on the stock. Vetr‘s price objective suggests a potential downside of 3.00% from the company’s previous close.

A number of other equities analysts have also weighed in on DOW. Credit Suisse Group set a $66.00 price objective on shares of Dow Chemical Company (The) and gave the stock a “buy” rating in a report on Friday, January 27th. Barclays PLC restated a “hold” rating and issued a $65.00 price objective on shares of Dow Chemical Company (The) in a report on Sunday, January 29th. Jefferies Group LLC restated a “hold” rating and issued a $65.00 price objective on shares of Dow Chemical Company (The) in a report on Thursday, February 2nd. Sanford C. Bernstein restated an “overweight” rating on shares of Dow Chemical Company (The) in a report on Friday, December 23rd. Finally, Royal Bank Of Canada boosted their price objective on shares of Dow Chemical Company (The) from $68.00 to $72.00 and gave the stock a “top pick” rating in a report on Monday, December 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. Dow Chemical Company (The) presently has an average rating of “Buy” and an average price target of $63.50.

Shares of Dow Chemical Company (NYSE:DOW) traded down 0.10% during mid-day trading on Wednesday, hitting $59.73. The stock had a trading volume of 4,725,220 shares. The stock’s 50-day moving average price is $58.69 and its 200-day moving average price is $55.07. The firm has a market cap of $66.07 billion, a PE ratio of 16.97 and a beta of 1.12. Dow Chemical Company has a 52-week low of $44.40 and a 52-week high of $61.73.

Dow Chemical Company (The) (NYSE:DOW) last issued its quarterly earnings results on Thursday, January 26th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.11. Dow Chemical Company (The) had a return on equity of 16.85% and a net margin of 8.97%. The firm had revenue of $13 billion for the quarter, compared to analysts’ expectations of $12.36 billion. During the same period in the previous year, the firm posted $0.93 EPS. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. On average, analysts anticipate that Dow Chemical Company will post $4.07 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, January 30th. Investors of record on Wednesday, December 28th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 3.08%. The ex-dividend date was Friday, December 23rd. Dow Chemical Company (The)’s dividend payout ratio is currently 54.76%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Abner Herrman & Brock LLC increased its position in shares of Dow Chemical Company (The) by 38.1% in the third quarter. Abner Herrman & Brock LLC now owns 37,357 shares of the company’s stock valued at $1,936,000 after buying an additional 10,305 shares in the last quarter. Capstone Asset Management Co. increased its position in shares of Dow Chemical Company (The) by 262.2% in the third quarter. Capstone Asset Management Co. now owns 303,877 shares of the company’s stock valued at $15,750,000 after buying an additional 219,973 shares in the last quarter. Gulf International Bank UK Ltd increased its position in shares of Dow Chemical Company (The) by 1.8% in the third quarter. Gulf International Bank UK Ltd now owns 340,965 shares of the company’s stock valued at $17,672,000 after buying an additional 5,900 shares in the last quarter. Bristol Gate Capital Partners Inc. increased its position in shares of Dow Chemical Company (The) by 3.0% in the third quarter. Bristol Gate Capital Partners Inc. now owns 514,766 shares of the company’s stock valued at $26,680,000 after buying an additional 15,169 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its position in shares of Dow Chemical Company (The) by 13.3% in the third quarter. Daiwa Securities Group Inc. now owns 146,600 shares of the company’s stock valued at $7,599,000 after buying an additional 17,200 shares in the last quarter. 69.13% of the stock is owned by institutional investors.

Dow Chemical Company (The) Company Profile

To view Vetr’s full report, visit Vetr’s official website.

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