BMO Capital Markets Issues Pessimistic Forecast for DuPont de Nemours (NYSE:DD) Stock Price

DuPont de Nemours (NYSE:DD) had its target price decreased by research analysts at BMO Capital Markets from $107.00 to $105.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the basic materials company’s stock. BMO Capital Markets’ price target indicates a potential upside of 35.49% from the stock’s current price.

A number of other equities analysts also recently weighed in on DD. Royal Bank of Canada boosted their price target on shares of DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Morgan Stanley upped their price objective on shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. JPMorgan Chase & Co. decreased their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Wednesday. Citigroup reduced their price objective on DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating on the stock in a research note on Wednesday, December 18th. Finally, Barclays boosted their price objective on shares of DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $98.00.

DuPont de Nemours Stock Performance

Shares of DD stock opened at $77.50 on Thursday. DuPont de Nemours has a 52 week low of $61.14 and a 52 week high of $90.06. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29. The company has a market cap of $32.39 billion, a price-to-earnings ratio of 40.79, a price-to-earnings-growth ratio of 1.53 and a beta of 1.35. The firm has a 50 day moving average of $79.66 and a 200-day moving average of $81.40.

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

Institutional Investors Weigh In On DuPont de Nemours

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

DuPont de Nemours Company Profile

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.