JPMorgan Chase & Co. Issues Pessimistic Forecast for DuPont de Nemours (NYSE:DD) Stock Price

DuPont de Nemours (NYSE:DD) had its price target reduced by JPMorgan Chase & Co. from $104.00 to $101.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the basic materials company’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 31.79% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. Citigroup lowered their target price on shares of DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday, December 18th. Morgan Stanley boosted their price objective on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Wells Fargo & Company raised their target price on DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Royal Bank of Canada boosted their price target on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, StockNews.com downgraded shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Monday. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, DuPont de Nemours presently has a consensus rating of “Moderate Buy” and an average price target of $98.64.

DuPont de Nemours Stock Up 0.5 %

Shares of DD opened at $76.64 on Wednesday. The company has a market capitalization of $32.03 billion, a PE ratio of 40.34, a PEG ratio of 1.53 and a beta of 1.35. The stock’s 50-day moving average price is $79.86 and its two-hundred day moving average price is $81.44. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. DuPont de Nemours has a 12 month low of $61.14 and a 12 month high of $90.06.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.03 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The business had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same period in the prior year, the business posted $0.92 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis. On average, analysts anticipate that DuPont de Nemours will post 3.91 EPS for the current year.

Institutional Investors Weigh In On DuPont de Nemours

Several hedge funds and other institutional investors have recently made changes to their positions in DD. Strategic Investment Solutions Inc. IL acquired a new position in DuPont de Nemours during the 2nd quarter valued at about $27,000. Quarry LP purchased a new position in shares of DuPont de Nemours during the second quarter valued at approximately $37,000. Ashton Thomas Securities LLC bought a new stake in DuPont de Nemours during the third quarter worth $38,000. FSA Wealth Management LLC purchased a new stake in DuPont de Nemours in the 3rd quarter valued at $39,000. Finally, True Wealth Design LLC boosted its holdings in DuPont de Nemours by 2,378.9% during the 3rd quarter. True Wealth Design LLC now owns 471 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 452 shares during the last quarter. 73.96% of the stock is owned by institutional investors.

About DuPont de Nemours

DuPont de Nemours, Inc provides technology-based materials and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through Electronics & Industrial, Water & Protection, and Corporate & Other segments. The Electronics & Industrial segment supplies materials and solutions for the fabrication of semiconductors and integrated circuits.