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Market Update: The Dow Chemical Company (NYSE:DOW) – Dow Joins 2030 Water Resources Group

[Business Wire] – Today, on World Water Day, The Dow Chemical Company signed a collaboration agreement with the 2030 Water Resources Group to support its activities at the global and national levels. Read more on this. The Dow Chemical Company (DOW) , currently valued at $57.55B, opened at $51.11. Today, shares have traded between $50.93 and $51.52 per share with its 52-week range being $35.11 to $57.10. Priced at 15.11x this year’s forecasted earnings, DOW shares are relatively expensive compared to the industry’s -1.98x forward p/e ratio. And for income investors, the company pays shareholders $1.84 per share annually in dividends, yielding 3.56%. Consensus earnings for the current quarter by the 19 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. Investors should also note that the full-year EPS estimate of $3.41 is a $0.06 setback when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $10.62 Billion. If realized, that would be a 14.15% decrease over the year-ago quarter. Recently, Susquehanna upgraded DOW from Neutral to Positive (Feb 8, 2016). Previously, RBC Capital Mkts upgraded DOW from Outperform to Top Pick. The average price target for DOW shares by the analysts covering the stock is $54.33, which is 6.30% above where the stock opened this morning. See more in (NYSE:DOW) Similar Articles: Market Update: The Dow Chemical Company (NYSE:DOW) – Dow Chemical settles price-fixing case after Justice Scalia’s death Market Update: The Dow Chemical Company (NYSE:DOW) – Dow Delivers Progress on JV Consolidation Commitments Company Update: The Dow Chemical Company (NYSE:DOW) – Dow Announces Start-Up of New Texas Propylene Production Facility
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