Dow Inc. [NYSE: DOW] price surged by 0.77 percent to reach at $0.53. The company report on May 20, 2021 that Dow receives the 2021 Manufacturer of the Year award from the Manufacturing Leadership Council.
Dow was named 2021 Manufacturer of the Year, Large Enterprise, by the Manufacturing Leadership Council (MLC), a division of the National Association of Manufactures (NAM). The Manufacturer of the Year Award is given to the company that shows best-in-class achievement. This is the third time Dow has won this prestigious award in recent years, (2015 and 2017). The 2021 Manufacturer of the Year Award was presented at the virtual Manufacturing Leadership Awards Gala on May 19, 2021, with several companies participating representing a wide range of industries including automotive, chemical, consumer goods, financial services, and telecommunications.
“We are extremely honored to receive this recognition, especially given the difficult challenges we had to overcome this past year,” said John Sampson, Dow’s senior vice president of Operations. “It takes an entire team and this award validates the flexibility, adaptability and resiliency of our employees and their continued focus on meeting the needs of all our stakeholders.”.
A sum of 6051053 shares traded at recent session while its average daily volume was at 4.62M shares. Dow Inc. shares reached a high of $69.64 and dropped to a low of $68.21 until finishing in the latest session at $69.57.
The one-year DOW stock forecast points to a potential downside of -5.89. The average equity rating for DOW stock is currently 2.70, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Dow Inc. [DOW]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DOW shares is $65.70 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DOW stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Goldman have made an estimate for Dow Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 11, 2021. The new note on the price target was released on April 27, 2021, representing the official price target for Dow Inc. stock. Previously, the target price had yet another raise to $50, while Credit Suisse analysts kept a Neutral rating on DOW stock.
The Average True Range (ATR) for Dow Inc. is set at 1.70, with the Price to Sales ratio for DOW stock in the period of the last 12 months amounting to 1.27. The Price to Book ratio for the last quarter was 3.70. Price to Free Cash Flow for DOW in the course of the last twelve months was 20.68 with Quick ratio for the last quarter at 1.10.
DOW Stock Performance Analysis:
Dow Inc. [DOW] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.49. With this latest performance, DOW shares gained by 11.05% in over the last four-week period, additionally plugging by 24.37% over the last 6 months – not to mention a rise of 74.71% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DOW stock in for the last two-week period is set at 59.99, with the RSI for the last a single of trading hit 60.24, and the three-weeks RSI is set at 59.35 for Dow Inc. [DOW]. The present Moving Average for the last 50 days of trading for this stock 65.38, while it was recorded at 69.05 for the last single week of trading, and 56.07 for the last 200 days.
Insight into Dow Inc. Fundamentals:
Dow Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.70.
DOW Stock EPS
With the latest financial reports released by the company, Dow Inc. posted -0.26/share EPS, while the average EPS was predicted by analysts to be reported at -0.3/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 13.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DOW. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Dow Inc. go to -5.43%.
Dow Inc. [DOW] Insider Position Details
There are presently around $35,393 million, or 69.00% of DOW stock, in the hands of institutional investors. The top three institutional holders of DOW stocks are: VANGUARD GROUP INC with ownership of 61,933,797, which is approximately 3.212% of the company’s market cap and around 0.10% of the total institutional ownership; CAPITAL WORLD INVESTORS, holding 54,079,211 shares of the stock with an approximate value of $3.76 billion in DOW stocks shares; and BLACKROCK INC., currently with $3.17 billion in DOW stock with ownership of nearly 1.326% of the company’s market capitalization.
712 institutional holders increased their position in Dow Inc. [NYSE:DOW] by around 33,453,132 shares. Additionally, 532 investors decreased positions by around 26,606,919 shares, while 193 investors held positions by with 448,674,538 shares. The mentioned changes placed institutional holdings at 508,734,589 shares, according to the latest SEC report filing. DOW stock had 170 new institutional investments in for a total of 4,071,782 shares, while 86 institutional investors sold positions of 2,915,984 shares during the same period.