Stock Update: The Dow Chemical Company (NYSE:DOW) – Dow Announces Appointment of James R. Fitterling as President and Chief Operating Officer

[Business Wire] – The Dow Chemical Company today announced the appointment of James R. Fitterling to the position of President and Chief Operating Officer. In his new role, Fitterling will continue to report to Dow Chairman and Chief Executive Officer Andrew N. Read more on this. The Dow Chemical Company (DOW) , with a current value of $49.82B, began trading this morning at $44.32. Shares have traded today between $42.82 and $44.47 per share with a one year range of $35.11 to $57.10. Dow Chemical (DOW) shares are currently priced at 12.98x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 40.09x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $1.84 per share annually in dividends, yielding 4.38%. In a review of the consensus earnings estimate this quarter, 22 sell-side analysts are looking at $0.70 per share, which would be $0.15 worse than the year-ago quarter and a $0.00 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $3.28 is a $0.17 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $11.20 Billion. If realized, that would be a 22.11% decrease over the year-ago quarter. Recently, Citigroup downgraded DOW from Buy to Neutral (Jan 22, 2016). Previously, Bernstein Initiated DOW at to Outperform. Given all the information above, we should disclose to readers that the average price target is $55.42, which is 25.05% above than it opened this morning. See more in (NYSE:DOW) Similar Articles: Company Update: The Dow Chemical Company (NYSE:DOW) – Dow Announces Start-Up of New Texas Propylene Production Facility Stock Update: The Dow Chemical Company (NYSE:DOW) – Dow Announces a New ‘Star’ in High Performance Resins for Packaging Markets: INNATE™ Precision Packaging Resins Stock Update: The Dow Chemical Company (NYSE:DOW) – CORRECTING and REPLACING Dow Announces Final Proration Factor of 21.00 Percent for Shares Tendered in Split-Off Exchange Offer