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Company Update: The Dow Chemical Company (NYSE:DOW) – Breakthrough Dow Technology Enables Recyclable Flexible Plastic Packaging

[Business Wire] – The Dow Chemical Company is introducing a new member of the recently launched RecycleReady™ Technology, which enables the recyclability of polyethylene-based barrier packaging as part of existing grocery store drop-off recycling programs. Read more on this. The Dow Chemical Company (DOW) , valued at $58.29B, opened this morning at $52.12. Looking at today’s market, DOW one day range is $51.71 to $52.19 with its 52-week range being $35.11 to $57.10. DOW shares are currently priced at 14.81x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -5.42x earnings multiple. And for income investors, the company pays shareholders $1.84 per share annually in dividends, yielding 3.45%. In a review of the consensus earnings estimate this quarter, 16 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. Investors should also note that the full-year EPS estimate of $3.52 is a $0.05 improvement 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. 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 $58.56, which is 12.36% above where the stock opened this morning. See more in (NYSE:DOW) Similar Articles: Market Update: The Dow Chemical Company (NYSE:DOW) – Dow and Russell Collaborate on Wearable Technology Featuring Intellifresh™-Powered Apparel Market Update: The Dow Chemical Company (NYSE:DOW) – Dow Chemical settles price-fixing case after Justice Scalia’s death Company Update: The Dow Chemical Company (NYSE:DOW) – Dow Announces Start-Up of New Texas Propylene Production Facility
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