In a report released yesterday, Hassan Ahmed from Alembic Global maintained a Buy rating on Dow (DOW). The company’s shares closed last Tuesday at $48.42.
According to TipRanks.com, Ahmed is ranked 0 out of 5 stars with an average return of -5.9% and a 42.5% success rate. Ahmed covers the Basic Materials sector, focusing on stocks such as Westlake Chemical, Venator Materials, and LyondellBasell.
Currently, the analyst consensus on Dow is a Hold with an average price target of $48.27.
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Based on Dow’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $8.35 billion and GAAP net loss of $225 million. In comparison, last year the company earned revenue of $11.01 billion and had a net profit of $75 million.
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Dow, Inc. materials science company, combining science and technology to develop innovative solutions. It operates through three business segments: Performance Materials & Coatings, Industrial Intermediates & Infrastructure, and Packaging & Specialty Plastics. The Performance Materials & Coatings segment includes industry-franchises that deliver a wide array of solutions into consumer and infrastructure end-markets. The segment consists of two global businesses: Coatings & Performance Monomers and Consumer Solutions. These businesses primarily utilize Dow’s acrylics, cellulosics- and silicone-based technology platforms to serve the needs of the architectural and industrial coatings, home care and personal care end-markets. The Industrial Intermediates & Infrastructure segment consists of two customer-centric global businesses Industrial Solutions and Polyurethanes & CAV that develop important intermediate chemicals that are essential to manufacturing processes, as well as downstream, customized materials and formulations that use advanced development technologies. The Packaging & Specialty Plastics segment consists of two global businesses: Hydrocarbons & Energy and Packaging and Specialty Plastics. The company was founded on August 30, 2018 and is headquartered in Midland, MI.