Company Update: The Dow Chemical Company (NYSE:DOW) – U.S. GMO crops show mix of benefits, concerns – USDA report

The Dow Chemical Company (NYSE:DOW) [Reuters] – After more than 15 years of using genetically modified crops, U.S. farmers are continuing to see an array of benefits, but the impacts on the environmental and on food production are mixed, and high farmer use of a popular herbicide on GMO crops is a cause for ongoing concern, according to a report issued by the U.S. Department of Agriculture. We are just providing information,” said Michael Livingston, a government agricultural economist and one of the authors of the report, prepared by the USDA’s Economic Research Service (ERS). As well, the report comes as the USDA and the Environmental Protection Agency are in the final stages of approving the commercialization of a new GMO crop and chemical product package developed by Dow AgroSciences, a unit of Dow Chemical. Genetically modified crops have become wildly popular with U.S. farmers since Monsanto Co introduced herbicide-tolerant “Roundup Ready” soybeans in the mid-1990s.
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The Dow Chemical Company (DOW), with a current market cap of $56.55B, started trading this morning at $46.87.
Today’s price range has been between $46.81 and $47.34 per share with the price of the stock fluctuating between $29.81 to $47.59 over the last 52 weeks.
DOW shares are currently priced at 16.09x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 23.22x earnings multiple for the same period.
The company pays shareholders $1.48 per share annually in dividends, yielding 3.20%.
According to a consensus of 17 analysts, the earnings estimate of $0.74 per share would be $0.05 better than the year-ago quarter and a $0.04 sequential decrease. Investors should also note that the full-year EPS estimate of $2.93 is a $0.45 improvement when compared to the previous year’s annual results.
The quarterly earnings estimate is predicated on a consensus revenue forecast of $14.82 Billion. If reported, that would be a 3.06% increase over the year-ago quarter.
Recently, Argus upgraded DOW from Hold to Buy (Aug 5, 2013). Previously, Argus downgraded DOW from Buy to Hold.
With the above information in mind, readers should note that the average price target is $48.89, which is 4.31% above where the stock opened this morning.
The Dow Chemical Company (NYSE:DOW), manufactures and supplies chemical products for use as raw materials worldwide. The Dow Chemical Company was founded in 1897 and is based in Midland, Michigan.
Tag Helper ~ Stock Code: DOW | Common Company name: Dow Chemical | Full Company name: The Dow Chemical Company (NYSE:DOW) .

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