News headlines about Dow Chemical (NYSE:DWDP) have trended somewhat positive on Wednesday, Accern reports. Accern scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Dow Chemical earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 46.6887294051007 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- DowDuPont's (DWDP) Unit Launches New Choozit Products Range (finance.yahoo.com)
- Dow Chemical (DWDP) Price Target Lowered to $84.00 at Bank of America (americanbankingnews.com)
- Dow Chemical (DWDP) PT Lowered to $82.00 at Citigroup (americanbankingnews.com)
- DowDuPont to Invest $100 Million to Expand Manufacturing Capacity at Sabine River Works (ourfinancedaily.com)
- Global Paint Additives Market Key Players: Dow Chemical Company Limited, Cytec Solvay Group (opinioninvestor.com)
Shares of NYSE DWDP opened at $65.89 on Wednesday. Dow Chemical has a 1-year low of $59.29 and a 1-year high of $77.08. The firm has a market capitalization of $148,335.47, a price-to-earnings ratio of 19.38, a P/E/G ratio of 1.62 and a beta of 1.31. The company has a current ratio of 1.91, a quick ratio of 1.26 and a debt-to-equity ratio of 0.29.
Dow Chemical (NYSE:DWDP) last released its quarterly earnings results on Thursday, February 1st. The company reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.16. Dow Chemical had a return on equity of 8.21% and a net margin of 2.34%. The company had revenue of $20.07 billion during the quarter, compared to analysts’ expectations of $19.46 billion. The company’s revenue was up 54.1% on a year-over-year basis. sell-side analysts anticipate that Dow Chemical will post 4.14 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Wednesday, February 28th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $1.52 annualized dividend and a yield of 2.31%. Dow Chemical’s dividend payout ratio is currently 44.71%.
Several equities research analysts have commented on the stock. Citigroup decreased their target price on shares of Dow Chemical from $83.00 to $82.00 and set a “buy” rating on the stock in a research report on Tuesday. Zacks Investment Research downgraded Dow Chemical from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Jefferies Group reissued a “buy” rating and issued a $85.00 target price on shares of Dow Chemical in a research note on Friday, February 2nd. Bank of America lowered their price target on Dow Chemical from $88.00 to $84.00 and set a “buy” rating for the company in a report on Tuesday. Finally, ValuEngine upgraded Dow Chemical from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Six investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. Dow Chemical has a consensus rating of “Buy” and a consensus price target of $81.23.
In other news, General Counsel Charles J. Kalil sold 69,400 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $72.66, for a total transaction of $5,042,604.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Ronald C. Edmonds sold 15,000 shares of the company’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $71.83, for a total value of $1,077,450.00. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.
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About Dow Chemical
DowDuPont Inc, through its subsidiaries, engages in agriculture, materials science, and specialty products businesses worldwide. The company's Agriculture segment develops and sells hybrid corn seed and soybean seed varieties; canola, cotton, sunflower, sorghum, wheat, and rice seeds; silage inoculants; and weed control, disease control, and insect control products.
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