Why Should You Put Dow Inc (NYSE: DOW) On Your Portfolio?

Currently, there are 702.29M common shares owned by the public and among those 699.45M shares have been available to trade.

The company’s stock has a 5-day price change of -2.44% and 2.90% over the past three months. DOW shares are trading -2.97% year to date (YTD), with the 12-month market performance up to 5.83% higher. It has a 12-month low price of $47.26 and touched a high of $60.69 over the same period. DOW has an average intraday trading volume of 4.09 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.47%, 0.74%, and -3.32% respectively.

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Institutional ownership of Dow Inc (NYSE: DOW) shares accounts for 69.35% of the company’s 702.29M shares outstanding.

It has a market capitalization of $37.30B and a beta (3y monthly) value of 1.21. The stock’s trailing 12-month PE ratio is 32.93, while the earnings-per-share (ttm) stands at $1.62. The company has a PEG of 1.26 and a Quick Ratio of 1.12 with the debt-to-equity ratio at 0.97. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.48% over the week and 1.92% over the month.

Earnings per share for the fiscal year are expected to increase by 5.19%, and 49.95% over the next financial year. EPS should grow at an annualized rate of 26.16% over the next five years, compared to -33.38% over the past 5-year period.

Looking at the support for the DOW, a number of firms have released research notes about the stock. JP Morgan stated their Overweight rating for the stock in a research note on April 26, 2024, with the firm’s price target at $55-$61. BofA Securities was of a view on January 16, 2024 that the stock is Buy, while Deutsche Bank gave the stock Hold rating on January 10, 2024, issuing a price target of $58. Argus on their part issued Hold rating on October 27, 2023.

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