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Company Update: The Dow Chemical Company (NYSE:DOW) – U.S. Justice Dept should analyze Dow-DuPont deal -senator

[Reuters] – The chairman of the U.S. Senate Judiciary Committee on Tuesday urged federal antitrust officials to conduct a “careful analysis” of Dow Chemical Co’s proposed $130 billion merger with DuPont, adding pressure on officials to scrutinize how rapid consolidation in agriculture will affect farmers and consumers. U.S. Senator Charles Grassley called for the review in a letter to the U.S. Department of Justice’s antitrust division. The Iowa Republican said he was concerned the planned tie-up will decrease competition in the farming sector following a flood of mergers and acquisitions in recent years. Read more on this. The Dow Chemical Company (DOW) , with a current value of $58.53B, started the session at $52.60. Looking at today’s market, DOW one day range is $51.67 to $52.78 with its 52-week range being $35.11 to $57.10. DOW shares are currently priced at 15.01x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -5.42x earnings multiple. The company pays shareholders $1.84 per share in dividend income per year, for a current yield of 3.45%. In a review of the consensus earnings estimate this quarter, 17 sell-side analysts are looking at $0.86 per share, which would be $0.05 worse than the year-ago quarter and a $0.01 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $3.51 is a $0.04 better when compared to the previous year’s annual results. 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. In terms of ratings, 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 11.33% above where the stock opened this morning. See more in (NYSE:DOW) Similar Articles: Company Update: E I du Pont de Nemours and Company (NYSE:DD) – U.S. Justice Dept should analyze Dow-DuPont deal -Sen. Grassley Market Update: The Dow Chemical Company (NYSE:DOW) – DuPont expects SEC review of Dow deal to end by June 30 Market Update: The Dow Chemical Company (NYSE:DOW) – Dow Chemical settles price-fixing case after Justice Scalia’s death
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