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Stock Update: The Dow Chemical Company (NYSE:DOW) – Unique Herbicide Binding Pattern Discovered Via Dow AgroSciences and University of Warwick Collaboration

[Business Wire] – Synthetic auxin herbicides have played an important role in weed management for decades with a highly effective yet complex mode of action. Dow AgroSciences, a wholly owned subsidiary of The Dow Chemical Company , collaborated with the University of Warwick, United Kingdom, to discover unique attributes of this important class of herbicides. Read more on this. The Dow Chemical Company (DOW) , with a current market cap of $55.87B, began trading this morning at $49.06. Shares have traded today between $48.93 and $49.77 per share and has traded between $35.11 and $57.10 over the past 12 months. DOW shares are currently priced at 13.78x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -42.34x earnings multiple. And for income investors, the company pays shareholders $1.84 per share annually in dividends, yielding 3.57%. 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 $0.02 sequential decrease. The full-year EPS estimate is $3.52, which would be a $0.05 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $11.22 Billion. If realized, that would be a 12.89% decrease over the year-ago quarter. More recently, JP Morgan downgraded DOW from Overweight to Neutral (Jun 28, 2016). Previously, Susquehanna upgraded DOW from Neutral to Positive. Given all the information above, we should disclose to readers that the average price target is $59.38, which is 21.04% above than it opened this morning. See more in (NYSE:DOW) Similar Articles: Market Update: The Dow Chemical Company (NYSE:DOW) – Half a Million People Inspired by Dow AgroSciences STEM Outreach Company Update: The Dow Chemical Company (NYSE:DOW) – Dow AgroSciences, Radiant Genomics Expand R&D Collaboration Focused on Natural Products for Crop Protection Company Update: The Dow Chemical Company (NYSE:DOW) – Improving Winter Oilseed Rape for Animal Feed the Goal of Dow AgroSciences and Sofiprotéol Collaboration
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