The stock of Dow Inc. (NYSE:DOW) last traded at $51.00, down -2.78% from the previous session.
Data from the available sources indicates that Dow Inc. (NYSE:DOW) is covered by 25 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $66.00 and a low of $47.00, we find $55.00. Given the previous closing price of $52.46, this indicates a potential upside of 4.84 percent. DOW stock price is now -5.79% away from the 50-day moving average and -5.74% away from the 200-day moving average. The market capitalization of the company currently stands at $35.99B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
In total, 18 analysts have assigned it a hold rating, and 4 have given it a buy rating. Brokers who have rated the stock have averaged $55.78 as their price target over the next twelve months.
With the price target reduced from $53 to $52, Mizuho maintained Neutral rating for Dow Inc. (NYSE: DOW).
In other news, Dial Debra L., Director bought 400 shares of the company’s stock on Apr 28. The stock was bought for $21,668 at an average price of $54.17. Upon completion of the transaction, the Director now directly owns 2,025 shares in the company, valued at $0.1 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 26, Director Dial Debra L. bought 450 shares of the business’s stock. A total of $21,640 was incurred on buying the stock at an average price of $48.09. This leaves the insider owning 1,625 shares of the company worth $82875.0. Insiders disposed of 297,602 shares of company stock worth roughly $15.18 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in DOW stock. A new stake in Dow Inc. shares was purchased by RENAISSANCE TECHNOLOGIES LLC during the first quarter worth $44,605,000. PROSTATIS GROUP LLC invested $27,605,000 in shares of DOW during the first quarter. In the first quarter, TWINBEECH CAPITAL LP acquired a new stake in Dow Inc. valued at approximately $17,142,000. GENUS CAPITAL MANAGEMENT INC. acquired a new stake in DOW for approximately $4,684,000. M&G INVESTMENT MANAGEMENT LTD purchased a new stake in DOW valued at around $4,681,000 in the second quarter. In total, there are 1,938 active investors with 65.60% ownership of the company’s stock.
With an opening price of $52.05 on Thursday morning, Dow Inc. (NYSE: DOW) set off the trading day. During the past 12 months, Dow Inc. has had a low of $42.91 and a high of $60.88. As of last week, the company has a debt-to-equity ratio of 0.75, a current ratio of 1.90, and a quick ratio of 1.30. The fifty day moving average price for DOW is $54.07 and a two-hundred day moving average price translates $54.10 for the stock.
The latest earnings results from Dow Inc. (NYSE: DOW) was released for Jun, 2023. According to the Chemicals Company, earnings per share came in at $0.75, beating analysts’ expectations of $0.7 by 0.05. This compares to $2.30 EPS in the same period last year. The net profit margin was 3.50% and return on equity was 8.80% for DOW. The company reported revenue of $11.42 billion for the quarter, compared to $15.66 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -27.09 percent. For the current quarter, analysts expect DOW to generate $10.36B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/08/2023. Investors who held shares on 08/31/2023 were paid a $0.70 dividend. On an annualized basis, this represents a $2.80 dividend and a 5.49% percent yield. There was an ex-dividend date of 08/30/2023 for this dividend. In terms of dividend payout ratio, DOW is presently at 115.00%.
