Stock Insights: The Dow Chemical Company (NYSE:DOW)

[Zacks] The Dow Chemical Company (NYSE:DOW) has recently announced to start its own large-scale production of world’s first cadmium-free quantum dot electronic applications at its Cheonan South Korea site,. The unit, scheduled to commence production from the first half of 2015, will manufacture quantum dot televisions and related applications on a large scale to meet the increasing demand. Following the announcement, shares of Dow Chemical rose 1.4%. The stock is up around 23.3% so far this year.Stock PerformanceTaking a look at the company’s recent performance, The Dow Chemical Company (DOW)reported second quarter earnings for fiscal 2014 on July 23^rd 2014. The company reported actual earnings per share of $0.74 against the consensus Street estimate of $.72. Dow Chemical Company posted revenue of $14.92 billion against estimates of $14.82 billion.The Dow Chemical Company (DOW) is currently valued at $54.78 billion and closed the last trading session at $46.05. The stock has a 50-day moving average of $53.20 and a 200-day moving average of $51.24.

Is this a Buying Opportunity?There are currently fifteen analysts that we track that cover the stock. Of those fifteen, seven have Buy rating, seven have a hold rating and one has a sale rating. On a consensus basis this yields a score of 2.4 and a Hold. The combined price objective of these covering analysts is $55.09, which represents a 2.84% upside difference to the last closing price.The most recent analyst activity consisted of Citigroup Inc. reiterating their buy stance on the company. Citigroup Inc has a price target of $62 which represents an upside of 15.88% from the last closing price. On the date of the report, the stock closed at $53.52.Another research firm weighing in recently was Zacks who also Initiated Coverage on the stock. On July 28^th Zacks upgrade their price target on the stock $56.0 or a 4.54% upside to the current price. On the day of the report, DOW shares closed at $53.70.Company Profile The Dow Chemical Company (DOW) manufactures and supplies chemical products for use as raw materials in the manufacture of customer products and services worldwide. The Electronic and Functional Materials segment produces materials for chemical mechanical planarization; materials used in the production of electronic displays, including films and filters; metalorganic precursors for light-emitting diodes; organic light-emitting diode materials; materials used in the fabrication of printed circuit boards; integrated metallization processes for metal finishing and decorative applications; semiconductor design products; and materials for industrial applications. The Coatings and Infrastructure Solutions segment provides insulation, air sealing and weatherization products and systems, construction chemical solutions, building-integrated photovoltaics, water resistance and lower systems; purification and separation technologies; and acrylates, methacrylates, and vinyl acetate monomers.