Chemicals Major Diversified: The Dow Chemical Company (NYSE:DOW), Huntsman Corporation (NYSE:HUN), Celanese Corporation (NYSE:CE), SQM

Posted by on Apr 19, 2014

The Dow Chemical Company (NYSE:DOW), is scheduled to release its first-quarter FY 2014 results on Wednesday, April 23, 2014 in pre-market hours. The company had reported net income of $0.65 per share in the last quarter, which was twenty-two cents above the market consensus forecast of $0.43 per share. The Dow Chemical Co.’s earnings per share has rallied 423.94% in the last one year. Analysts have predicted net earnings for the company at $0.71 a share, above $0.50 a share reported in the year-ago quarter. As of Monday, April 14, 2014, the company’s shares were trading at a P/E ratio of 20.72. The Dow Chemical Company (NYSE:DOW), shares after opening at $48.41 moved to $48.97 on last trade day and at the end of the day closed at $48.72. Company price to sales ratio in past twelve months was calculated as 1.03 and price to cash ratio as 9.92. The Dow Chemical Company (NYSE:DOW), showed a positive weekly performance of 2.14%.

On April 10, 2014, Huntsman Corporation (NYSE:HUN), and Wilmar International Limited (SGX:F34) announced that Wilmar’s wholly-owned subsidiary, Wilmar Europe Holdings B.V. has agreed to purchase Huntsman’s European commodity surfactants business. Completion remains subject to customary closing conditions, including regulatory procedures in France. Financial details of the agreement were not disclosed. Huntsman Corporation (NYSE:HUN), shares fell 0.04% in last trading session and ended the day on $24.92. Huntsman Corporation (NYSE:HUN), return on equity ratio is recorded as 7.10% and its return on assets is 1.40%. Huntsman Corporation (NYSE:HUN), yearly performance is 47.98%.

On April 16, 2014, Celanese Corporation (NYSE:CE), a global technology and specialty materials company and a global leader in VAE emulsions, announced it will increase the price of vinyl acetate-based dispersions sold in Europe, the Middle East and Africa. Celanese Corporation (NYSE:CE), shares moved up 0.96% in last trading session and was closed at $57.57, while trading in range of $ 56.69 – 57.94. Celanese Corporation (NYSE:CE), year to date (YTD) performance is 4.44%.

BofA Merrill Lynch upgraded shares of Sociedad Quimica y Minera de Chile (ADR) (NYSE:SQM), from an underperform rating to a neutral rating in a report issued on Friday, Analyst Ratings.Net reports. They currently have $34.00 target price on the stock, up from their previous target price of $25.00. Sociedad Quimica y Minera de Chile (ADR) (NYSE:SQM), weekly performance is 5.28%. On last trading day company shares ended up $32.32. Sociedad Quimica y Minera de Chile (ADR) (NYSE:SQM), distance from 50-day simple moving average (SMA50) is 8.83%. Analysts mean target Price for the company is $32.05.

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