Ceramic-graphene composite shows promise as battery electrode

Dow Chemical Co (NYSE:DOW) has received a “BBB” credit rating from analysts a Morningstar. The research firm’s “BBB” rating suggests that the company is a moderate default risk. They also gave their stock a three star rating.

Shares of Dow Chemical ( NYSE:DOW ) opened at 52.61 on Friday. Dow Chemical has a 52 week low of $35.11 and a 52 week high of $57.10. The company has a 50-day moving average of $51.11 and a 200 day moving average of $49.45. The firm has a market capitalization of $58.77 billion and a P/E ratio of 8.55.

Dow Chemical (NYSE:DOW) last released its quarterly earnings results on Tuesday, February 2nd. The company reported $0.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.23. During the same period in the previous year, the company posted $0.85 earnings per share. The firm had revenue of $11.50 billion for the quarter, compared to analysts’ expectations of $11.20 billion. The business’s quarterly revenue was down 20.3% compared to the same quarter last year. Equities research analysts anticipate that Dow Chemical will post $3.45 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, April 29th. Shareholders of record on Thursday, March 31st will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 3.50%. The ex-dividend date is Tuesday, March 29th.

Other hedge funds have recently added to or reduced their stakes in the company. Janus Capital Management raised its stake in Dow Chemical by 26.8% in the third quarter. Janus Capital Management now owns 1,253,291 shares of the company’s stock valued at $53,140,000 after buying an additional 264,589 shares during the last quarter. Assetmark raised its stake in Dow Chemical by 271.2% in the third quarter. Assetmark now owns 135,889 shares of the company’s stock valued at $5,762,000 after buying an additional 99,280 shares during the last quarter. Eagle Asset Management increased its position in Dow Chemical by 222.6% in the third quarter. Eagle Asset Management now owns 90,470 shares of the company’s stock valued at $3,834,000 after buying an additional 62,422 shares during the period. Detwiler Fenton Investment Management bought a new position in Dow Chemical during the fourth quarter valued at about $313,000. Finally, Park National increased its position in Dow Chemical by 5.5% in the fourth quarter. Park National now owns 59,090 shares of the company’s stock valued at $3,042,000 after buying an additional 3,072 shares during the period.

A number of other analysts have also recently commented on the stock. Vetr upgraded shares of Dow Chemical from a “sell” rating to a “hold” rating and set a $43.24 price objective for the company in a research report on Wednesday, January 13th. Jefferies Group restated a “hold” rating and issued a $54.00 price objective (down previously from $59.00) on shares of Dow Chemical in a research report on Friday, February 19th. Nomura restated a “buy” rating and issued a $58.00 price objective on shares of Dow Chemical in a research report on Tuesday, February 2nd. Citigroup Inc. cut shares of Dow Chemical from a “buy” rating to a “neutral” rating in a research report on Friday, January 22nd. Finally, RBC Capital restated a “top pick” rating and issued a $60.00 price objective on shares of Dow Chemical in a research report on Monday, March 14th. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $55.63.

The Dow Chemical Company ( NYSE:DOW ) is as an integrated science and technology company. The Company is a diversified, manufacturer and supplier of products used primarily as raw materials in the manufacture of customer products and services across the world.