Dow Chemical Co (DOW) was Upgraded by UBS to ” Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 62 from a previous price target of $53 . Earlier the firm had a rating of “Neutral ” on the company shares. UBS advised their investors in a research report released on Oct 10, 2016.
Many Wall Street Analysts have commented on Dow Chemical Co. Dow Chemical Co was Upgraded by Citigroup to ” Buy” on Oct 3, 2016. Dow Chemical Co was Upgraded by JP Morgan to ” Overweight” on Jul 29, 2016.
On the company’s financial health, Dow Chemical Co reported $0.95 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.86. The company had revenue of $11952.00 million for the quarter, compared to analysts expectations of $11226.05 million. The company’s revenue was down -7.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.91 EPS.
Dow Chemical Co closed down -0.6 points or -1.12% at $52.99 with 68,10,064 shares getting traded on Friday. Post opening the session at $53.59, the shares hit an intraday low of $52.79 and an intraday high of $53.73 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Nov 5, 2015, Fernando Ruiz (Corporate VP & Treasurer) sold 20,000 shares at $52.35 per share price. According to the SEC, on Feb 13, 2015, Ruth G Shaw (director) purchased 4,154 shares at $48.19 per share price. On Feb 12, 2015, Arnold A Allemang (director) sold 37,800 shares at $48.15 per share price, according to the Form-4 filing with the securities and exchange commission.
The Dow Chemical Company (Dow) is as an integrated science and technology company. The Company is a diversified manufacturer and supplier of products used primarily as raw materials in the manufacture of customer products and services across the world. The Company operates in five segments: Agricultural Sciences Consumer Solutions Infrastructure Solutions Performance Materials & Chemicals and Performance Plastics. The Company serves various industries such as appliance automotive agricultural building and construction chemical processing electronics furniture housewares oil and gas packaging paints coatings and adhesives personal care pharmaceutical processed foods pulp and paper textile and carpet utilities and water treatment.