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Market Update (NYSE:DOW): Three Dow Researchers Named Fellows of the Society of Plastics Engineers

[Business Wire] – The Dow Chemical Company announced today that researchers Bharat Chaudhary, Ph.D., Stéphane Costeux, Ph.D. and Mridula Kapur, Ph.D. have been elected as fellows of the Society of Plastics Engineers . Read more on this. The Dow Chemical Company (DOW) , with a current market cap of $59.63B, started trading this morning at $52.86. Looking at the stock, its one day range is $52.79 to $53.19 and has traded between $35.11 and $57.10 over the past year. Dow Chemical (DOW) shares are currently priced at 15.23x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -7.18x earnings multiple for the same period. The company pays shareholders $1.84 per share in dividend income per year, for a current yield of 3.51%. According to a consensus of 19 analysts, the earnings estimate of $0.83 per share would be $0.01 worse than the year-ago quarter and a $0.05 sequential decrease. Investors should also note that the full-year EPS estimate of $3.45 is a $0.02 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $10.66 Billion. If reported, that would be a 13.82% 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. Investors should keep in mind is that the average price target is $55.53, which is 5.05% above where the stock opened this morning. See more in (NYSE:DOW) Similar Articles: 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 Market Update: The Dow Chemical Company (NYSE:DOW) – Dow Delivers Progress on JV Consolidation Commitments
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