Dow Chemical Co (DOW): Today's Featured Conglomerates Laggard
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
.
(
) pushed the Conglomerates sector lower today making it today's featured Conglomerates laggard. The sector as a whole closed the day down 1.3%. By the end of trading, Dow Chemical fell 39 cents (-1.3%) to $29.81 on light volume. Throughout the day, 6.6 million shares of Dow Chemical exchanged hands as compared to its average daily volume of 9.8 million shares. The stock ranged in price between $29.75-$30.15 after having opened the day at $30.07 as compared to the previous trading day's close of $30.20. Another company within the Conglomerates sector that decreased today was
(
), down 6.6%.
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The Dow Chemical Company manufactures and supplies chemical products used as raw materials in the manufacture of customer products and services worldwide. Dow Chemical has a market cap of $35.85 billion and is part of the
industry. The company has a P/E ratio of 19.1, equal to the average conglomerates industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 5.1% year to date as of the close of trading on Wednesday. Currently there are three analysts that rate Dow Chemical a buy, three analysts rate it a sell, and 11 rate it a hold.
TheStreet Ratings rates Dow Chemical as a
. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Dow Chemical Ratings Report.
- Use our conglomerates section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the conglomerates sector could consider
(
) while those bearish on the conglomerates sector could consider
(
).
- Find other investment ideas from our top rated ETFs lists.
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