Dallas, Texas 05/30/2014 (FINANCIALSTRENDS) – The Dow Chemical Company (NYSE:DOW) has now received the average-rating of “Hold” from 14 analysts who are currently covering the company stock. One research analyst has also rated the company stock with a rating of “sell”, 6 have set a rating of “hold” 7 have set a rating of “buy” on the company. Now the average 12-month PT among analysts who have issued their report on the company stock in the past year is $52.90. Recently, many analyst research- firms have commented on the company stock.
Wells Fargo & Co analysts have upgraded the company shares from a rating of “market perform” to a rating of “outperform” in the research note on May 20th. Separately, Susquehanna analysts have upped their PT on the company shares from $47.00 to $57.00 in the research note on May 8th. They currently have a rating of “neutral” on the stock. Finally, the analysts at Argus have upped their PT on the DOW shares from $51.00 to $56.00 in the research note on April 29th. They currently have a rating of “buy” on the stock.
DOW last released the company’s earnings-data on April 23rd. It had reported EPS of $0.79 for the quarter, which topped the average analyst projection of $0.71 by $0.08. The Dow Chemical Company (NYSE:DOW) reported revenue of $14.50B for the quarter, against the consensus estimate of $14.72B. In the same quarter of the last year, it posted earnings per share of $0.69. Its revenue for the quarter increased by .5% on a yoy basis. Analysts now expect that the company will post earnings per share of $2.99 in the current financial year. DOW recently announced its quarterly dividend that is slated for July 30th. Stockholders who are of record on June 30th will be paid the dividend of $0.37/ share.