CLSA Downgrades Dow Chemical Co to Underperform

Brokerage firm CLSA Downgrades its rating on Dow Chemical Co(NYSE:DOW). The shares have been rated Underperform. Previously, the analysts had a Outperform rating on the shares. The rating by CLSA was issued on Jul 6, 2016.

In a different note, On Jun 28, 2016, JP Morgan said it Downgrades its rating on Dow Chemical Co. The shares have been rated ‘Neutral’ by the firm. On Apr 18, 2016, Citigroup said it Maintains its rating on Dow Chemical Co. In the research note, the firm Raises the price-target to $50.00 per share. The shares have been rated ‘Neutral’ by the firm.

Dow Chemical Co (DOW) made into the market gainers list on Mondays trading session with the shares advancing 0.91% or 0.45 points. Due to strong positive momentum, the stock ended at $49.85, which is also near the day’s high of $50.24. The stock began the session at $49.51 and the volume stood at 56,69,146 shares. The 52-week high of the shares is $57.1 and the 52 week low is $35.11. The company has a current market capitalization of $55,973 M and it has 1,12,28,27,920 shares in outstanding.

Dow Chemical Co(DOW) last announced its earnings results on Apr 28, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $10.66B. Analysts had an estimated revenue of $10.66B. Earnings per share were $0.89. Analysts had estimated an EPS of $0.83.

Several Insider Transactions has been reported to the SEC. On Nov 5, 2015, Fernando Ruiz (Corporate VP & Treasurer) sold 20,000 shares at $52.35 per share price.Also, On Feb 13, 2015, Ruth G Shaw (director) purchased 4,154 shares at $48.19 per share price.On Feb 12, 2015, Arnold A Allemang (director) sold 37,800 shares at $48.15 per share price, according to the Form-4 filing with the securities and exchange commission.

The Dow Chemical Company (Dow) is as an integrated science and technology company. The Company is a diversified manufacturer and supplier of products used primarily as raw materials in the manufacture of customer products and services across the world. The Company operates in five segments: Agricultural Sciences Consumer Solutions Infrastructure Solutions Performance Materials & Chemicals and Performance Plastics. The Company serves various industries such as appliance automotive agricultural building and construction chemical processing electronics furniture housewares oil and gas packaging paints coatings and adhesives personal care pharmaceutical processed foods pulp and paper textile and carpet utilities and water treatment.

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