Goldman slashes price target on Dow Inc. [DOW] – find out why.

Dow Inc. [NYSE: DOW] surged by $0.47 during the normal trading session on Monday and reaching a high of $49.53 during the day while it closed the day at $49.50. The company report on November 2, 2022 that Inspiring Collective Action: River Heroes.

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By Eunice Heath

“Waste in our world’s waterways is a global problem which needs critical new thinking, new partners, and open collaboration. Everyone must play a part.”- Jim Fitterling, Chairman and Chief Executive Officer, Dow.

Dow Inc. stock has also gained 5.91% of its value over the past 7 days. However, DOW stock has declined by -6.11% in the 3 months of the year. Over the past six months meanwhile, it has lost -25.71% and lost -12.73% year-on date.

The market cap for DOW stock reached $34.70 billion, with 714.30 million shares outstanding and 702.82 million shares in the current float. Compared to the average trading volume of 6.18M shares, DOW reached a trading volume of 5847217 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say 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 $49.43 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 2.90. 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 October 13, 2022. While these analysts kept the previous recommendation, Jefferies dropped their target price from $71 to $45. The new note on the price target was released on September 13, 2022, representing the official price target for Dow Inc. stock. Previously, the target price had yet another drop from $60 to $47, while JP Morgan kept a Neutral rating on DOW stock.

The Average True Range (ATR) for Dow Inc. is set at 1.47, with the Price to Sales ratio for DOW stock in the period of the last 12 months amounting to 0.58. The Price to Book ratio for the last quarter was 1.95, with the Price to Cash per share for the same quarter was set at 3.16. Price to Free Cash Flow for DOW in the course of the last twelve months was 4.73 with Quick ratio for the last quarter at 1.00.

DOW stock trade performance evaluation

Dow Inc. [DOW] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.91. With this latest performance, DOW shares gained by 11.46% in over the last four-week period, additionally sinking by -25.71% over the last 6 months – not to mention a drop of -15.11% 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 63.23, with the RSI for the last a single of trading hit 70.38, and the three-weeks RSI is set at 57.82 for Dow Inc. [DOW]. The present Moving Average for the last 50 days of trading for this stock 46.85, while it was recorded at 47.78 for the last single week of trading, and 56.68 for the last 200 days.

Dow Inc. [DOW]: An insightful look at the core fundamentals

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.

Earnings per share (EPS) analysis for Dow Inc. [DOW] stock

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 -7.20%.

Dow Inc. [DOW]: Insider Ownership positions

There are presently around $23,779 million, or 69.10% 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 0.13% of the total institutional ownership; BLACKROCK INC., holding 46,509,311 shares of the stock with an approximate value of $2.3 billion in DOW stocks shares; and STATE STREET CORP, currently with $1.89 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 October and at the time of the October reporting period, where 749 institutional holders increased their position in Dow Inc. [NYSE:DOW] by around 34,174,212 shares. Additionally, 655 investors decreased positions by around 33,208,440 shares, while 241 investors held positions by with 412,995,405 shares. The mentioned changes placed institutional holdings at 480,378,057 shares, according to the latest SEC report filing. DOW stock had 143 new institutional investments in for a total of 9,688,862 shares, while 156 institutional investors sold positions of 3,059,270 shares during the same period.


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