Alembic Global Keeps Their Buy Rating on Dow (DOW)

By Ryan Adsit

Alembic Global analyst Hassan Ahmed reiterated a Buy rating on Dow (DOWResearch Report) today and set a price target of $35.00. The company’s shares closed last Wednesday at $37.47.

According to TipRanks.com, Ahmed has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -12.6% and a 30.0% success rate. Ahmed covers the Industrial Goods sector, focusing on stocks such as Westlake Chemical, Venator Materials, and LyondellBasell.

Dow has an analyst consensus of Moderate Buy, with a price target consensus of $39.17.

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The company has a one-year high of $57.48 and a one-year low of $21.96. Currently, Dow has an average volume of 8.27M.

Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DOW in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.