Dow Chemical’s (NYSE:DOW) Buy Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada reiterated their buy rating on shares of Dow Chemical Co (NYSE:DOW) in a report published on Wednesday, September 6th. The brokerage currently has a $78.00 price target on the basic materials company’s stock.

A number of other analysts have also issued reports on the company. Jefferies Group LLC reissued a buy rating on shares of Dow Chemical in a research note on Tuesday, August 29th. Cowen and Company reissued a hold rating and issued a $60.00 price target on shares of Dow Chemical in a research note on Monday, August 28th. BidaskClub upgraded Dow Chemical from a sell rating to a hold rating in a report on Wednesday, August 23rd. Alembic Global Advisors set a $85.00 price objective on Dow Chemical and gave the stock a buy rating in a report on Thursday, July 27th. Finally, Zacks Investment Research downgraded Dow Chemical from a hold rating to a sell rating in a report on Tuesday, July 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $71.62.

Shares of Dow Chemical (NYSE DOW) opened at 66.65 on Wednesday. The stock has a market cap of $81.54 billion, a P/E ratio of 28.54 and a beta of 1.13. The stock has a 50 day moving average of $64.79 and a 200 day moving average of $63.46. Dow Chemical has a 52 week low of $51.57 and a 52 week high of $67.50.

Dow Chemical (NYSE:DOW) last posted its quarterly earnings data on Thursday, July 27th. The basic materials company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.07. The business had revenue of $13.83 billion for the quarter, compared to analyst estimates of $13.60 billion. Dow Chemical had a return on equity of 19.01% and a net margin of 9.82%. The business’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.95 earnings per share. On average, analysts expect that Dow Chemical will post $4.11 earnings per share for the current year.

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The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, July 31st will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $1.84 dividend on an annualized basis and a yield of 2.76%. Dow Chemical’s dividend payout ratio (DPR) is presently 76.99%.

A number of hedge funds have recently made changes to their positions in the business. Financial Architects Inc boosted its position in Dow Chemical by 0.4% during the 2nd quarter. Financial Architects Inc now owns 2,290 shares of the basic materials company’s stock worth $144,000 after acquiring an additional 10 shares during the period. Cypress Capital Management LLC raised its stake in shares of Dow Chemical by 0.3% in the 1st quarter. Cypress Capital Management LLC now owns 4,017 shares of the basic materials company’s stock worth $255,000 after buying an additional 12 shares in the last quarter. Mascoma Wealth Management LLC raised its stake in shares of Dow Chemical by 0.4% in the 2nd quarter. Mascoma Wealth Management LLC now owns 3,513 shares of the basic materials company’s stock worth $222,000 after buying an additional 14 shares in the last quarter. Capital Management Corp VA raised its stake in shares of Dow Chemical by 0.3% in the 2nd quarter. Capital Management Corp VA now owns 4,505 shares of the basic materials company’s stock worth $284,000 after buying an additional 14 shares in the last quarter. Finally, Guardian Life Insurance Co. of America raised its stake in shares of Dow Chemical by 0.3% in the 1st quarter. Guardian Life Insurance Co. of America now owns 4,312 shares of the basic materials company’s stock worth $274,000 after buying an additional 15 shares in the last quarter. Institutional investors own 67.77% of the company’s stock.

Dow Chemical Company Profile

Analyst Recommendations for Dow Chemical (NYSE:DOW)

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