Company Update: The Dow Chemical Company (NYSE:DOW) – Improving Winter Oilseed Rape for Animal Feed the Goal of Dow AgroSciences and Sofiprotéol Collaboration

[Business Wire] – Improving winter oilseed rape for animal feed is the goal of the collaboration between Dow AgroSciences LLC, a wholly owned subsidiary of The Dow Chemical Company , and Sofiprotéol, who manages the vegetable oils and proteins inter-branch fund Faso. Read more on this. The Dow Chemical Company (DOW) , with a current market cap of $53.39B, started trading this morning at $47.10. Shares have traded today between $46.95 and $47.81 per share with the price of the stock fluctuating between $35.11 to $57.10 over the last 52 weeks. Priced at 13.69x this year’s forecasted earnings, DOW shares are relatively expensive compared to the industry ’s 0.84x forward p/e ratio. The company pays shareholders $1.84 per share in dividend income per year, for a current yield of 4.00%. In a review of the consensus earnings estimate this quarter, 20 sell-side analysts are looking at $0.82 per share, which would be $0.02 worse than the year-ago quarter and a $0.08 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $3.42, which would be a $0.05 setback when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $10.61 Billion. If reported, that would be a 14.23% decrease over the year-ago quarter. In terms of ratings, Susquehanna upgraded DOW from Neutral to Positive (Feb 8, 2016). Previously, RBC Capital Mkts upgraded DOW from Outperform to Top Pick. With the above information in mind, readers should note that the average price target is $54.26, which is 15.20% above where the stock opened this morning. See more in (NYSE:DOW) Similar Articles: Company Update: The Dow Chemical Company (NYSE:DOW) – Dow Named to Top 10 Best Companies for Leaders List Company Update: The Dow Chemical Company (NYSE:DOW) – Dow Announces Start-Up of New Texas Propylene Production Facility Stock Update (NYSE:DOW): Dow AgroSciences and ICS-CAAS Partner to Accelerate Rice Research and Product Development in China