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

Shares of Dow Chemical (NYSE:DWDP) have been assigned a consensus rating of “Buy” from the twenty-eight ratings firms that are covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and twenty-two have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $81.25.

Several brokerages have weighed in on DWDP. Zacks Investment Research lowered Dow Chemical from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Jefferies Group reaffirmed a “buy” rating and issued a $85.00 target price on shares of Dow Chemical in a research report on Friday, February 2nd. Barclays dropped their target price on Dow Chemical from $80.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Friday, February 2nd. Nomura increased their target price on Dow Chemical from $83.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Finally, ValuEngine raised Dow Chemical from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th.

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In related news, General Counsel Charles J. Kalil sold 69,400 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $72.66, for a total transaction of $5,042,604.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ronald C. Edmonds sold 15,000 shares of the firm’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $71.83, for a total value of $1,077,450.00. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.

A number of hedge funds have recently made changes to their positions in DWDP. JPMorgan Chase & Co. acquired a new position in shares of Dow Chemical in the 3rd quarter valued at $2,095,726,000. Wells Fargo & Company MN acquired a new position in shares of Dow Chemical in the 3rd quarter valued at $1,111,269,000. Third Point LLC acquired a new position in shares of Dow Chemical in the 3rd quarter valued at $1,041,116,000. Legal & General Group Plc acquired a new position in shares of Dow Chemical in the 3rd quarter valued at $799,840,000. Finally, Schwab Charles Investment Management Inc. acquired a new position in shares of Dow Chemical in the 3rd quarter valued at $794,447,000. 70.52% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:DWDP traded down $0.49 during trading on Wednesday, reaching $66.04. 8,723,797 shares of the stock were exchanged, compared to its average volume of 9,510,646. The stock has a market capitalization of $154,949.89, a P/E ratio of 19.42, a PEG ratio of 1.69 and a beta of 1.31. Dow Chemical has a 12-month low of $59.29 and a 12-month high of $77.08. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.26 and a current ratio of 1.91.

Dow Chemical (NYSE:DWDP) last released its earnings results on Thursday, February 1st. The company reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.16. The company had revenue of $20.07 billion during the quarter, compared to analysts’ expectations of $19.46 billion. Dow Chemical had a return on equity of 8.21% and a net margin of 2.34%. Dow Chemical’s revenue for the quarter was up 54.1% on a year-over-year basis. analysts predict 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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