The Dow Chemical Company (DOW), Devon Energy Corporation (DVN)
- Author: Arturo Norris Feb 23, 2017,
Feb 23, 2017, 23:09
The consensus price target (PT) of $67.61 means that the market expects Company shares to increase by 10.4% in the short run. Smithfield Trust Co. now owns 1,941 shares of the company's stock worth $101,000 after buying an additional 241 shares during the period. Based on an average daily volume of 6,366,108 shares, the days-to-cover ratio is presently 2.1 days. Russell Investments Group Ltd. acquired a new stake in shares of Dow Chemical Company (The) during the fourth quarter worth about $102,486,000. That value represents a market adjusting for revenues that have been growing by 13.59 % on a quarterly year/year basis as of the company's last quarterly report. The company reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.88 by $0.11. Dow Chemical Company has a 12-month low of $46.96 and a 12-month high of $64.36. The share price has moved forward from its 20 days moving average 1.37% and positively from its 50 days moving average 4.10%. Investors might consider the stock as a long term growth candidate as the firm has yielded 11.50% earnings per share growth over the past 5 years and -4.30% revenue growth over that same time frame. According to the Analysts, the Low Earnings estimate for the current quarter is $0.9, while the High earnings estimate is $1.07.Comparatively, EPS for the same quarter a year ago was $0.96. Finally, Retirement Systems of Alabama raised its position in shares of Dow Chemical Company (The) by 100.3% in the third quarter. The Dow Chemical Company got Upgrade on 10-Oct-16 where investment firm UBS Upgrade the stock from Neutral to Buy. On the other hand, in the September 2017 quarter the company recorded a net $12.48B revenue with earnings per share of $0.91. According to these analysts, the Low Revenue Estimate for The Dow Chemical Company is 12.17 Billion and the High Revenue Estimate is 13.17 Billion. During the same period previous year, the firm earned $0.93 EPS. The companys revenue was up 13.6% compared to the same quarter past year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 28th.
A frequently used metric is a company's price to earnings ratio.
Several equities analysts recently weighed in on DOW shares.
Questions are being raised about the imminent US$130 billion Dow Chemical and DuPont merger after United States media reports are circulating claiming the European Union regulators are on the verge of approving the deal.
This news story was published by The Cerbat Gem and is the property of of The Cerbat Gem. Barclays PLC reiterated a "hold" rating and set a $65.00 target price on shares of Dow Chemical Company (The) in a research report on Sunday, January 29th. The consensus recommendation by Thomson Reuters analysts is Outperform and their mean rating for the stock is 1.95 on scale of 1-5.
Some buy side analysts are also providing their Analysis on The Dow Chemical Company, where 6 analysts have rated the stock as Strong buy, 9 analysts have given a Buy signal, 5 said it's a HOLD, 1 reported it as Underperform and 0 analysts rated the stock as Sell.
Dow AgroSciences' Enlist herbicide tolerance traits and formulation innovations patent portfolio continues to grow in the United States and other key geographies.