Dow Inc (NYSE:DOW) shares traded 0.04% higher at $56.76 on Wall Street last session.
DOW stock price is now 3.36% away from the 50-day moving average and 7.01% away from the 200-day moving average. The market capitalization of the company currently stands at $39.92B.
On January 16, 2024, BofA Securities Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $57 to quote $60, while ‘Deutsche Bank’ rates the stock as ‘Hold’
In other news, DAVIS RICHARD K, Director bought 5,000 shares of the company’s stock on Nov 16 ’23. The stock was bought for $255,437 at an average price of $51.09. Upon completion of the transaction, the Director now directly owns 33,665 shares in the company, valued at $1.91 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 28 ’23, Director Dial Debra L. bought 400 shares of the business’s stock. A total of $21,668 was incurred on buying the stock at an average price of $54.17. This leaves the insider owning 2,025 shares of the company worth $0.11 million. A total of 0.20% of the company’s stock is owned by insiders.
During the past 12 months, Dow Inc has had a low of $47.26 and a high of $58.74. As of last week, the company has a debt-to-equity ratio of 0.88, a current ratio of 1.77, and a quick ratio of 1.16. According to the stock market information, the enterprise value for the company is $53.63B, which is based on a 69.74 price-to-earnings ratio, a 2.36 price-to-earnings-growth ratio, and a beta of 1.32. The fifty day moving average price for DOW is $54.92 and a two-hundred day moving average price translates $53.04 for the stock.
The latest earnings results from Dow Inc (NYSE: DOW) was released for Dec, 2023. According to the Chemicals Company, earnings per share came in at $0.43, beating analysts’ expectations of $0.4 by 0.03. This compares to $0.94 EPS in the same period last year. The net profit margin was 1.30% and return on equity was 2.94% for DOW. The company reported revenue of $10.62 billion for the quarter, compared to $11.86 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -10.44 percent. For the current quarter, analysts expect DOW to generate $10.74B in revenue.
