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Market Update: The Dow Chemical Company (NYSE:DOW) – DuPont, Dow Announce Site Structure Of Intended Independent Agriculture Company

[PR Newswire] – WILMINGTON, Del. and MIDLAND, Mich., Feb. 19, 2016 /PRNewswire/ — DuPont (DD) and The Dow Chemical Company (DOW) today announced the U.S. site structure for the global agriculture leader the companies intend to create following the planned separation of DowDuPont into three independent, publicly traded companies . The corporate headquarters for the Agriculture company will be located in Wilmington, Delaware and will include the office of the CEO and key corporate support functions. In addition, the independent Agriculture company will feature DuPont in the company’s name, following completion of the corporate naming and branding process. Read more on this. The Dow Chemical Company (DOW) , currently valued at $52.58B, began trading this morning at $47.41. Looking at today’s trading action, the company’s one day range from $47.04 to $47.46 with a trailing 52-week range being $35.11 to $57.10. DOW shares are currently priced at 13.91x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 0.84x earnings multiple. The company pays shareholders $1.84 per share annually in dividends, yielding 4.00%. Consensus earnings for the current quarter by the 20 sell-side analysts covering the stock is an estimate of $0.82 per share, which would be $0.02 worse than the year-ago quarter and a $0.08 sequential decrease. The full-year EPS estimate is $3.42 which would be a $0.05 setback than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $10.59 Billion. If realized, that would be a 14.39% decrease over the year-ago quarter. More recently, Susquehanna upgraded DOW from Neutral to Positive (Feb 8, 2016). Previously, RBC Capital Mkts upgraded DOW from Outperform to Top Pick. Given all the information above, we should disclose to readers that the average price target is $54.16, which is 14.24% above than it opened this morning. See more in (NYSE:DOW) Similar Articles: Market Update: The Dow Chemical Company (NYSE:DOW) – DuPont layoffs before merger a credit negative for Delaware -Moody’s Market Update: The Dow Chemical Company (NYSE:DOW) – Dow Delivers Progress on JV Consolidation Commitments Market Update: The Dow Chemical Company (NYSE:DOW) – Seven Dow Technologies Honored By R&D 100 Magazine
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