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Investor's Watch List: The Dow Chemical Company (NYSE:DOW)
13 August 2017, 02:24 | Kelvin Horton
The 8 months bearish chart indicates high risk for the $53.75 million company. It has been assigned a low target price of $73 and a high target price of $100. Enbridge Inc (USA) (NYSE:ENB) has declined 0.40% since August 11, 2016 and is downtrending. More interesting news about Eastman Chemical Company (NYSE:EMN) was released by: Seekingalpha.com and their article: "Eastman Chemical - Diversification And Growth Potential" with publication date: July 17, 2017.
DOW's average Beneish M-Score: -2.48 during the last 7 years. Eastman Chemical Company (NYSE:EMN) has risen 7.60% since August 11, 2016 and is uptrending. It has underperformed by 21.84% the S&P500. Investors can use these support and resistance levels to refine their entries and exits from stocks. The 50 day moving average was down by -1.36% whereas the 200 day average was up by +2.97%. The shares were sold at an average price of $84.24, for a total value of $117,936.00. Connors Investor Svcs Incorporated has 0.26% invested in Cherokee Inc (NASDAQ:CHKE) for 145,881 shares. Dynamic Cap Mgmt accumulated 35,540 shares. Texas-based Bridgeway Management has invested 0% in Cherokee Inc (NASDAQ:CHKE). The number of shares now owned by investors are 145.57 mln.
Burgundy Asset Management Ltd increased Cbiz Inc. Loomis Sayles And Ltd Partnership holds 0% or 20,682 shares.
The stock decreased 0.59% or $0.24 on August 9, reaching $40.61. 485 are owned by Fifth Third Bank. Atlantic Group Inc Llc stated it has 0.01% in Symantec Corporation (NASDAQ:SYMC).
Investors sentiment decreased to 0.87 in Q4 2016. 33,450 were accumulated by Skylands Ltd Liability. Rr Partners Lp owns 1.30 million shares or 4.27% of their USA portfolio. The company now has a market value of $76.39B. The Firm offers in-season, name brand and designer apparel, accessories, footwear, and home fashions for the entire family at savings of 20% to 60% off department and specialty store regular prices every day. It now has negative earnings. Next quarter's EPS is forecasted to be $1.68 with next year's EPS projected to be $8.13. CHKE's profit will be $2.20M for 6.10 P/E if the $0.17 EPS becomes a reality. The dividend will be $0.460 per share for the quarter which comes to $1.84 on an annualized basis. "Ultimately, through all this investigation into the company's performance the analyst decides if their stock is a "buy", sell" or hold". Therefore 57% are positive.
The company's share price is down -6.3% from previous highs of around $67.5 per share on July 25, 2017.
Stock exchanges work according to the invisible hand of supply and demand, which determines the price where stocks are bought and sold. The company was maintained on Friday, June 23 by H.C. Wainwright. The rating was initiated by Topeka Capital Markets with "Buy" on Thursday, May 26. Barclays Capital has "Equal-Weight" rating and $56 target. This signal shows whether the Buy or Sell signal is getting stronger or weakening, or whether the Hold is heading towards a Buy or Sell. Stifel Nicolaus upgraded it to "Buy" rating and $49 target in Wednesday, September 14 report. The firm earned "Buy" rating on Tuesday, May 16 by Canaccord Genuity. Alembic has "Buy" rating and $8500 target.
Investors sentiment increased to 1.52 in 2016 Q4. Its up 0.22, from 1.07 in 2016Q3. 78 funds opened positions while 188 raised stakes.
BidaskClub lowered shares of Dow Chemical Company (The) (NYSE:DOW) from a sell rating to a strong sell rating in a research note published on Thursday morning. Advsrs Preferred Limited Company stated it has 0.24% of its portfolio in Dow Chemical Co (NYSE:DOW). Moreover, Chem Natl Bank has 10.19% invested in Dow Chemical Co (NYSE:DOW). Pub Employees Retirement Association Of Colorado holds 30,302 shares. Grassi Investment Management raised its position in Dow Chemical Company (The) by 0.4% in the first quarter. Synovus, Georgia-based fund reported 4,862 shares. On the other side, analysts now consider The Dow Chemical Company a buy, and a technical analysis of the stock is setting somewhat neutral outlook for now.
Eastman Chemical (EMN) transacted up 0.193% through out intraday market trading on early Friday, reaching $83.411. Assetmark Inc holds 5,954 shares. Hudock Grp Limited Com holds 3,464 shares or 0.11% of its portfolio.
The Dow Chemical Company was covered by a number of analysts recently, 9 rated the stock as Buy, 4 rated Hold, 0 rated sell and 0 gave an Underperform. Eastman Chemical Company had 36 analyst reports since July 30, 2015 according to SRatingsIntel. As per Thursday, July 27, the company rating was maintained by RBC Capital Markets. As per Monday, May 2, the company rating was maintained by Jefferies.
Dow Chemical Company (The) (NYSE:DOW) last posted its earnings results on Thursday, July 27th. $61.64's average target is -1.49% below currents $62.57 stock price. The rating was downgraded by Robert W. Baird to "Neutral" on Thursday, February 2. Also Executive Mark K. Cox unloaded 1,400 stocks of Eastman Chemical shares in a trade dated Thurs, Aug 3rd. Zacks upgraded the stock to "Hold" rating in Monday, August 24 report.
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