Why Dow Chemical Company (The) (NYSE:DOW) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $59.94 on Dow Chemical Company (The) (NYSE:DOW) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.48 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Dow Chemical Company (The) (NYSE:DOW) stands at 7.80.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Dow Chemical Company (The) Comm, the PEG ratio for coming 3-5 years is 1.90.

Technical Analysis

The technical analysis highlights that Dow Chemical Company (The) Comm current is trading $1.15 points away or +2.21% from its 50-day moving average of $52.27. Further it is trading $2.29 or +4.48% away its 200-day moving average of $51.13.

The 52-week high of Dow Chemical Company (The) (NYSE:DOW) was $57.10 while lowest point recorded in 52-week was $35.11. It implies if stock price makes a movement of over $-3.68, it will record a new 52-week high. In the case of +52.15% drop, it will touch a new 52-week low.

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