The Dow Chemical Company (NYSE:DOW) Rating Reaffirmed
The financial firm has just set a target PPS of $59.00 on The Dow Chemical Company (NYSE:DOW) shares. This is 15.32% from the last stock close. In a comprehensive report revealed to investors and clients on Monday morning, Jefferies & Co reaffirmed their “Hold” rating on shares of DOW.
From a total of 19 analysts covering The Dow Chemical Company (NYSE:DOW) stock, 13 rate it a ”Buy”, 1 a “Sell”, and 9 a ”Hold”. This means that 57% of the ratings are positive. The highest target price is $67 while the lowest target price is $45. The mean of all analyst targets is $56.11 with a 7.34% above today’s ($50.83) stock price. The Dow Chemical Company was the topic of 15 analyst reports since August 20, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on December 10 with “Buy” rating. Zacks upgraded shares to “Hold” rating and $48 target share price in a report from an August 24. S&P Research downgraded DOW stock in a recent report from October 23 to “Hold” rating. Finally, Bernstein initiated the stock with “Outperform” rating in a report issued on a September 11.
Approximately 7.17 million shares of stock traded hands. Dow Chemical Co (NYSE:DOW) has risen 2.83% since May 11, 2015 and is uptrending. It has outperformed by 7.25% the S&P500.
The overall sentiment of institutions has decreased to 1.1 in Q2 2015. Its down 0.13, from 1.23 in 2015Q2. The ratio turned negative, as 127 institutions have sold all the shares of Dow Chemical Co that they owned while 328 funds have taken shares off the table. 69 funds have purchased shares for the first time while 431 added to their positions. These institutions now hold 892.59 million shares or 13.01% more than the 789.80 million shares they owned in 2015Q2.
The Fund Alpine Partners Vi Llc currently is holding shares equating to 33.99% of its total portfolio in Dow Chemical Co representing a total of 2.71 million shares. Another fund,Bluefin Trading Llc, is holding a total of 9.58 million shares equating to 24.79% of their holdings. Additionally, Chemical Bank has a 1.85 million share stake in Dow Chemical Co which represents 11.3% of their total portfolio. The Fund, Davidson Kempner Capital Management Lp, based out of New York, has also built up a stake in the stock, which represents a total of 9.66% of their total portfolio. Finally Third Point Llc, a fund which is based in the state of New York reported a total holdings of 23.50 million shares.
The Dow Chemical Company is as an integrated science and technology company. The company has a market cap of $61.27 billion. The Firm is a diversified, maker and supplier of products used primarily as raw materials in the manufacture of customer services and products across the world. It has 13.87 P/E ratio. The Firm operates in five divisions: Agricultural Sciences, Consumer Solutions, Infrastructure Solutions, Performance Materials & Chemicals and Performance Plastics.
According to Zacks Investment Research, “Dow Chemical Company is a science and technology company that provides innovative chemical, plastic and agricultural products and services to many essential consumer markets. Dow serves customers in countries across the globe and a wide range of markets that are vital to human progress, including food, transportation, health and medicine, personal and home care, and building and construction, among others. Committed to the principles of sustainable development, Dow seeks to balance economic, environmental and social responsibilities. (Company Press Release)”