Dow Chemical (DWDP) Receives $81.25 Average PT from Analysts

Shares of Dow Chemical (NYSE:DWDP) have received an average recommendation of “Buy” from the twenty-eight brokerages that are presently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and twenty-two have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $81.25.

Several analysts have recently weighed in on DWDP shares. Morgan Stanley set a $80.00 price objective on Dow Chemical and gave the stock a “buy” rating in a report on Wednesday, March 21st. ValuEngine raised Dow Chemical from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Bank of America decreased their price objective on Dow Chemical from $88.00 to $84.00 and set a “buy” rating on the stock in a report on Tuesday, April 10th. Citigroup decreased their price objective on Dow Chemical from $83.00 to $82.00 and set a “buy” rating on the stock in a report on Tuesday, April 10th. Finally, HSBC raised Dow Chemical from a “hold” rating to a “buy” rating in a report on Wednesday, April 4th.

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In other Dow Chemical news, insider Ronald C. Edmonds sold 15,000 shares of Dow Chemical stock in a transaction on Friday, March 9th. The stock was sold at an average price of $71.83, for a total value of $1,077,450.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Charles J. Kalil sold 69,400 shares of Dow Chemical stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $72.66, for a total value of $5,042,604.00. The disclosure for this sale can be found here. 0.42% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Financial Gravity Companies Inc. bought a new position in Dow Chemical in the 4th quarter valued at $106,000. Certified Advisory Corp bought a new position in Dow Chemical in the 4th quarter valued at $101,000. Peddock Capital Advisors LLC bought a new position in Dow Chemical in the 3rd quarter valued at $106,000. Ffcm LLC bought a new position in Dow Chemical in the 3rd quarter valued at $114,000. Finally, Capital International Inc. CA bought a new position in Dow Chemical in the 3rd quarter valued at $118,000. Hedge funds and other institutional investors own 70.52% of the company’s stock.

DWDP traded down $0.49 during midday trading on Wednesday, reaching $66.04. The company’s stock had a trading volume of 8,723,797 shares, compared to its average volume of 9,510,646. The firm has a market capitalization of $154,949.89, a P/E ratio of 19.42, a price-to-earnings-growth ratio of 1.69 and a beta of 1.31. The company has a quick ratio of 1.26, a current ratio of 1.91 and a debt-to-equity ratio of 0.29. Dow Chemical has a twelve month low of $59.29 and a twelve month high of $77.08.

Dow Chemical (NYSE:DWDP) last released its earnings results on Thursday, February 1st. The company reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.16. The firm had revenue of $20.07 billion for the quarter, compared to analyst estimates of $19.46 billion. Dow Chemical had a return on equity of 8.21% and a net margin of 2.34%. The business’s revenue for the quarter was up 54.1% compared to the same quarter last year. analysts anticipate that Dow Chemical will post 4.14 earnings per share for the current year.

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Dow Chemical Company Profile

DowDuPont Inc, through its subsidiaries, engages in agriculture, materials science, and specialty products businesses worldwide. The company's Agriculture segment develops and sells hybrid corn seed and soybean seed varieties; canola, cotton, sunflower, sorghum, wheat, and rice seeds; silage inoculants; and weed control, disease control, and insect control products.

Analyst Recommendations for Dow Chemical (NYSE:DWDP)

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