Dow Inc. (DOW) Monthly Stock Report
Publication Date: September 22, 2024
Company Overview
Dow Inc. (DOW) stands as a prominent player in the basic materials sector, headquartered in Midland, Michigan. Since its founding in 1897 and incorporation in 2018, Dow has specialized in materials science solutions, catering to a diverse range of sectors such as packaging, infrastructure, mobility, and consumer applications. The company operates through three segments: Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, and Performance Materials & Coatings. Dow provides essential products including polyethylene, ethylene dichloride, and architectural paints, as well as engaging in property and casualty insurance, enhancing its portfolio within the chemicals industry. With a reported total revenue of approximately $43.03 billion, Dow showcases a robust financial standing and a significant market presence.
Stock Performance Summary
As of now, Dow’s stock is priced at $51.71, which is notably below its 52-week high of $60.69 but above the 52-week low of $47.26, indicating a potential for growth. The target high price is projected at $65.00, with an average target price of $57.26. Analysts’ recommendations suggest a “hold” status, reflecting cautious sentiment among investors; this is supported by the mean rating of 2.8 from 19 analysts. With 700,921,024 shares outstanding and approximately 1.83% of shares sold short, the low short interest signals investor confidence and stability.
Market Outlook
The overall market outlook for Dow Inc. appears moderately favorable, contingent on reaching projected price targets. Despite the challenges faced in the chemicals industry, the solid revenue figures highlight Dow’s resilience and position as a valuable investment. Overall, investors are encouraged to maintain their existing positions, considering Dow’s stability and the potential for future price appreciation in the upcoming months. As the company continues to navigate market dynamics, keeping an eye on movements relative to the 50-day moving average of $52.73 can provide insights into the stock’s trajectory.
| Metric | Value |
|---|---|
| Market Cap | $36.2b |
| Total Debt | $17.8b |
| Total Cash | $3.9b |
| Shares Outstanding | 700.9m |
| Float Shares | 699.3m |
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