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Company Update: The Dow Chemical Company (NYSE:DOW) – Dow Wins US Water Prize

[Business Wire] – The Dow Chemical Company has been awarded the prestigious U.S. Water Prize by the U.S. Water Alliance for its work in promoting and enabling more sustainable use and management of water by companies across the water value chain. Read more on this. The Dow Chemical Company (DOW) , valued at $56.29B, started trading this morning at $50.74. Shares have traded today between $50.08 and $50.84 per share with its 52-week range being $35.11 to $57.10. Dow Chemical (DOW) shares are currently priced at 14.89x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -5.33x earnings multiple for the same period. The company pays shareholders $1.84 per share in dividend income per year, for a current yield of 3.60%. In a review of the consensus earnings estimate this quarter, 19 sell-side analysts are looking at $0.82 per share, which would be $0.02 worse than the year-ago quarter and a $0.07 sequential decrease. Investors should also note that the full-year EPS estimate of $3.43 is a $0.04 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $10.64 Billion. If reported, that would be a 13.99% 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. The average price target for DOW shares by the analysts covering the stock is $55.24, which is 8.87% above where the stock opened this morning. See more in (NYSE:DOW) Similar Articles: Company Update: The Dow Chemical Company (NYSE:DOW) – Dow Announces Contributions to Flint Water Relief Efforts Market Update: The Dow Chemical Company (NYSE:DOW) – Dow Joins 2030 Water Resources Group Company Update: The Dow Chemical Company (NYSE:DOW) – Dow Named to Top 10 Best Companies for Leaders List
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