#3 - Dow DuPont (NYSE:DWDP)
Dow DuPont (NYSE: DWDP) Company mergers are notoriously tricky. And they generally don’t bode well for a company’s stock. Such is the case of Dow DuPont. The company’s stock price has had, to put it simply, a terrible year. After falling 16.2% in October, the stock was down 24% for 2018. Only IBM’s stock was ranked lower among the Dow Jones components. This is year two of the merger between the former chemical giants. The problem of the moment is that their long-term plan is incredibly complex and right now is hard for investors to get their mind around. According to the company, by the middle of 2019 current shareholders will own shares of three publicly traded companies which would include the Dow and DuPont names and add a farm-focused unit called Corteva Agriscience. While that sounds good, their current agricultural unit, which was one of their primary sources of growth, is suffering from lower sales, tighter margins, and unfavorable exchange rates. Since the start of November, shares are up 9% but still lag behind the S&P 500.
About DowDuPont
DowDuPont Inc, through its subsidiaries, engages in agriculture, materials science, and specialty products businesses in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. The company's Agriculture segment produces, and sells hybrid corn seed and soybean seed varieties; sunflowers, wheat, alfalfa, canola, cotton, rice, and sorghum; silage inoculants; and crop protection products that include weed control, disease control, and insect control.
Read More - Current Price
- $30.52
- Consensus Rating
- N/A
- Ratings Breakdown
- 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
