As per the research groups listed in Thomson Reuters survey, Dow Chemical Company (The) (NYSE:DOW), the stock can touch mean price target of $59.470 in coming period. This price target highlights the recommendations of leading experts in the market.
Thomson Reuters studies the brokerages research reports to reach this price target. The latest poll indicate that the company may record earnings of $0.860 per share in looming quarter and $3.480 during current fiscal.
While evaluating Dow Chemical Company (The) Comm on the technical side, it is seen that the firm’s shares price is trading $1.115 points away or +2.103% from its 50-day moving average of $53.000. Further it is trading $2.585 or +5.017% away its 200-day moving average of $51.530. MA here stands for moving average.
Dow Chemical Company (The) (NYSE:DOW) stock made a high of $57.100 in last 12-months while the lowest level in same period was $39.840. It entails if stock price makes a movement of over $-2.985, it will make a new 52-week high. In the case of +35.831% decline, it will touch a new 52-week low.
The valuation of Dow Chemical Company (The) Comm is done by analysts by using price-to-earnings ratio. This ratio considers the latest price and profits for valuating a stock. The ratio is calculated by dividing stock price by annual EPS. For now, Dow Chemical Company (The) (NYSE:DOW) P/E ratio is 7.906. The stakeholders can further gauge a firm’s performance by calculating Price-to-Earnings-Growth ratio, and for Dow Chemical Company (The) Comm it stands at 1.930.
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