Dow Chemical (DWDP) Earns “Buy” Rating from MED

MED reiterated their buy rating on shares of Dow Chemical (NYSE:DWDP) in a research report report published on Thursday morning. They currently have a $90.00 price objective on the stock.

DWDP has been the topic of several other research reports. Nomura lifted their target price on shares of Dow Chemical from $83.00 to $84.00 and gave the company a buy rating in a report on Friday, February 2nd. Jefferies Group restated a buy rating and set a $85.00 target price on shares of Dow Chemical in a report on Friday, February 2nd. Bank of America reduced their target price on shares of Dow Chemical from $88.00 to $84.00 and set a buy rating on the stock in a report on Tuesday, April 10th. Barclays upgraded shares of Dow Chemical from an underweight rating to an equal weight rating in a report on Wednesday, January 31st. Finally, Zacks Investment Research lowered shares of Dow Chemical from a buy rating to a hold rating in a report on Friday, February 2nd. Six analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $81.13.

Dow Chemical opened at $67.57 on Thursday, MarketBeat reports. The company has a current ratio of 1.87, a quick ratio of 1.21 and a debt-to-equity ratio of 0.29. The firm has a market cap of $157.37 billion, a P/E ratio of 18.87, a price-to-earnings-growth ratio of 1.70 and a beta of 1.30. Dow Chemical has a twelve month low of $60.38 and a twelve month high of $77.08.

Dow Chemical (NYSE:DWDP) last posted its earnings results on Thursday, May 3rd. The company reported $1.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.04. The business had revenue of $21.51 billion for the quarter, compared to analyst estimates of $21.31 billion. Dow Chemical had a net margin of 2.37% and a return on equity of 8.01%. The business’s revenue was up 62.6% compared to the same quarter last year. sell-side analysts forecast that Dow Chemical will post 4.19 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Thursday, May 31st will be issued a $0.38 dividend. The ex-dividend date of this dividend is Wednesday, May 30th. This represents a $1.52 dividend on an annualized basis and a yield of 2.25%. Dow Chemical’s dividend payout ratio is currently 44.71%.

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

Several institutional investors have recently modified their holdings of DWDP. Steward Partners Investment Advisory LLC raised its stake in shares of Dow Chemical by 12.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 50,319 shares of the company’s stock valued at $3,583,000 after purchasing an additional 5,479 shares in the last quarter. Bfsg LLC acquired a new stake in shares of Dow Chemical in the 4th quarter valued at about $1,638,000. Tarbox Family Office Inc. acquired a new stake in shares of Dow Chemical in the 4th quarter valued at about $8,600,000. One Capital Management LLC acquired a new stake in shares of Dow Chemical in the 4th quarter valued at about $2,846,000. Finally, Lenox Wealth Advisors Inc. raised its stake in shares of Dow Chemical by 25,760.0% in the 4th quarter. Lenox Wealth Advisors Inc. now owns 2,586 shares of the company’s stock valued at $184,000 after purchasing an additional 2,576 shares in the last quarter. Institutional investors and hedge funds own 70.14% of the company’s stock.

About Dow Chemical

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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