The stock of Dow Inc (NYSE:DOW) last traded at $49.24, up 2.07% 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 $62.00 and a low of $49.00, we find $55.00. Given the previous closing price of $48.24, this indicates a potential upside of 14.01 percent. DOW stock price is now -5.94% away from the 50-day moving average and -8.93% away from the 200-day moving average. The market capitalization of the company currently stands at $34.62B.
In total, 19 analysts have assigned it a hold rating, and 5 have given it a buy rating. Brokers who have rated the stock have averaged $55.92 as their price target over the next twelve months.
With the price target enhanced from $55 to $59, BofA Securities Upgraded its rating from Underperform to Neutral 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 $99711.0. 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 $80015.0. Insiders disposed of 311,794 shares of company stock worth roughly $15.35 million over the past 1 year. A total of 0.23% 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 $43,065,000. PROSTATIS GROUP LLC invested $26,652,000 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 $16,551,000. GENUS CAPITAL MANAGEMENT INC. acquired a new stake in DOW for approximately $4,523,000. M&G INVESTMENT MANAGEMENT LTD purchased a new stake in DOW valued at around $4,519,000 in the second quarter. In total, there are 1,938 active investors with 65.84% ownership of the company’s stock.
With an opening price of $48.43 on Tuesday morning, Dow Inc (NYSE: DOW) set off the trading day. During the past 12 months, Dow Inc has had a low of $45.97 and a high of $60.88. As of last week, the company has a debt-to-equity ratio of 0.81, a current ratio of 1.92, and a quick ratio of 1.25. The fifty day moving average price for DOW is $52.23 and a two-hundred day moving average price translates $54.04 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 3.52% and return on equity was 8.88% 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 $10.32B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/08/2023. Investors who held shares on 11/30/2023 were paid a $0.70 dividend. On an annualized basis, this represents a $2.82 dividend and a 5.73% percent yield. There was an ex-dividend date of 11/29/2023 for this dividend. In terms of dividend payout ratio, DOW is presently at 44.57%.
Dow Inc(DOW) Company Profile
Dow Inc., through its subsidiaries, engages in the provision of various materials science solutions for packaging, infrastructure, mobility, and consumer applications in the United States, Canada, Europe, the Middle East, Africa, India, the Asia Pacific, and Latin America. It operates through Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, and Performance Materials & Coatings segments. The Packaging & Specialty Plastics segment provides ethylene, and propylene and aromatics products; and polyethylene, polyolefin elastomers, ethylene vinyl acetate, and ethylene propylene diene monomer rubbers for mobility and transportation, consumer, wire and cable, and construction end-markets. The Industrial Intermediates & Infrastructure segment offers purified ethylene and propylene oxides, ethylene and ethanol amines, propylene glycol and polyether polyols, aromatic isocyanates and polyurethane systems, coatings, adhesives, sealants, elastomers, and composites. This segment also provides caustic soda, and ethylene dichloride and vinyl chloride monomers; and cellulose ethers, redispersible latex powders, and acrylic emulsions. The Performance Materials and Coatings segment provides architectural paints and coatings, and industrial coatings that are used in maintenance and protective industries, wood, metal packaging, traffic markings, thermal paper, and leather; and silicon metal, siloxanes, and intermediates used as key materials in manufacturing differentiated downstream silicone products. It also engages in property and casualty insurance, as well as reinsurance business. Dow Inc. was incorporated in 2018 and is headquartered in Midland, Michigan.
