why Dow Inc. [DOW] is a Good Choice for Investors After New Price Target of $59.91

Dow Inc. [NYSE: DOW] loss -1.95% on the last trading session, reaching $54.41 price per share at the time. The company report on August 22, 2022 that Dow Recognized on Disability Equality Index for 6th Consecutive Year.

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MIDLAND, Mich –News Direct– DOW.

MIDLAND, Mich., August 22, 2022 /3BL Media/ – For the sixth consecutive year, Dow (NYSE: DOW) has received a top score on the Disability Equality Index® (DEI) – the world’s most comprehensive benchmarking tool for the Fortune 1000 and Am Law 2001 to measure disability workplace inclusion.

Dow Inc. represents 725.70 million in outstanding shares, while the company has a total market value of $39.45 billion with the latest information. DOW stock price has been found in the range of $53.90 to $54.6977.

If compared to the average trading volume of 5.86M shares, DOW reached a trading volume of 6315631 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about 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 $59.91 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.

Credit Suisse have made an estimate for Dow Inc. shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on June 22, 2022. While these analysts kept the previous recommendation, Citigroup dropped their target price from $82 to $60. The new note on the price target was released on June 17, 2022, representing the official price target for Dow Inc. stock. Previously, the target price had yet another raise to $75, while Alembic Global Advisors analysts kept a Neutral rating on DOW stock.

The Average True Range (ATR) for Dow Inc. is set at 1.22, with the Price to Sales ratio for DOW stock in the period of the last 12 months amounting to 0.66. The Price to Book ratio for the last quarter was 2.08, with the Price to Cash per share for the same quarter was set at 3.26. Price to Free Cash Flow for DOW in the course of the last twelve months was 4.88 with Quick ratio for the last quarter at 1.00.

Trading performance analysis for DOW stock

Dow Inc. [DOW] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.68. With this latest performance, DOW shares gained by 7.00% in over the last four-week period, additionally sinking by -10.20% over the last 6 months – not to mention a drop of -10.64% 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 52.44, with the RSI for the last a single of trading hit 52.02, and the three-weeks RSI is set at 50.18 for Dow Inc. [DOW]. The present Moving Average for the last 50 days of trading for this stock 53.05, while it was recorded at 55.50 for the last single week of trading, and 59.24 for the last 200 days.

Dow Inc. [DOW]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Dow Inc. [DOW] shares currently have an operating margin of +14.35 and a Gross Margin at +18.90. Dow Inc.’s Net Margin is presently recorded at +11.42.

Return on Equity for this stock inclined to 41.04, with Return on Assets sitting at 10.09.

Dow Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.60.

Dow Inc. [DOW]: An earnings per share (EPS) analysis

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 -4.26%.

An analysis of insider ownership at Dow Inc. [DOW]

There are presently around $26,145 million, or 67.50% of DOW stock, in the hands of institutional investors. The top three institutional holders of DOW stocks are: VANGUARD GROUP INC with ownership of 64,088,977, which is approximately -0.354% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 46,509,311 shares of the stock with an approximate value of $2.53 billion in DOW stocks shares; and STATE STREET CORP, currently with $2.07 billion in DOW stock with ownership of nearly -0.756% of the company’s market capitalization.

Positions in Dow Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 816 institutional holders increased their position in Dow Inc. [NYSE:DOW] by around 36,373,962 shares. Additionally, 615 investors decreased positions by around 30,094,529 shares, while 244 investors held positions by with 414,045,500 shares. The mentioned changes placed institutional holdings at 480,513,991 shares, according to the latest SEC report filing. DOW stock had 144 new institutional investments in for a total of 11,214,675 shares, while 135 institutional investors sold positions of 2,288,357 shares during the same period.


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