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Market Update (NYSE:DOW): Dow Chemical completes restructuring of Dow Corning unit

[AP] – The Dow Chemical Co. on Wednesday said it completed the restructuring of Dow Corning and now owns all of the company’s silicone business. Dow Corning’s silicone business had previously been equally owned … Read more on this. The Dow Chemical Company (DOW) , with a current value of $57.92B, opened at $51.07. Today’s price range has been between $50.63 and $51.70 per share with the price of the stock fluctuating between $35.11 to $57.10 over the last 52 weeks. DOW shares are currently priced at 14.63x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -71.58x earnings multiple. The company pays shareholders $1.84 per share in dividend income per year, for a current yield of 3.53%. According to a consensus of 17 analysts, the earnings estimate of $0.86 per share would be $0.05 worse than the year-ago quarter and a $0.02 sequential decrease. The full-year EPS estimate is $3.51, which would be a $0.04 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $11.22 Billion. If reported, that would be a 12.89% 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. When considering if the stock is under or overvalued, the average price target is $58.56, which is 14.67% above where the stock opened this morning. See more in (NYSE:DOW) Similar Articles: Stock Update (NYSE:GLW): Dow Chemical completes restructuring of Dow Corning unit Company Update: The Dow Chemical Company (NYSE:DOW) – Dow Announces Post-Close Leadership of Dow Corning Corporation Company Update (NYSE:DOW): Dow PDH Unit Completes Performance Test
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