Merrill Lynch analyst Steve Byrne maintained a Sell rating on Dow Inc on Thursday, setting a price target of $43, which is approximately 12.65% below the present share price of $49.23.
Byrne expects Dow Inc to post earnings per share (EPS) of -$0.31 for the third quarter of 2020.
The current consensus among 14 TipRanks analysts is for a Hold rating of shares in Dow, with an average price target of $44.15.
The analysts price targets range from a high of $57 to a low of $35.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $8.35 billion and a net profit of $105 million. The company's market cap is $36.49 billion.
According to TipRanks.com, Merrill Lynch analyst Steve Byrne is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -1.9% and a 41.86% success rate.
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 (NYSE:PKG) & 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.