DuPont de Nemours (NYSE:DD) Stock Rating Upgraded by StockNews.com

DuPont de Nemours (NYSE:DD) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

Several other equities research analysts also recently weighed in on the company. Wells Fargo & Company increased their price objective on DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Citigroup decreased their price target 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. JPMorgan Chase & Co. dropped their price objective on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. Royal Bank of Canada increased their target price on shares of DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, BMO Capital Markets lowered their price target on DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $98.00.

DuPont de Nemours Stock Performance

Shares of DuPont de Nemours stock opened at $77.50 on Tuesday. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29. DuPont de Nemours has a 52 week low of $61.14 and a 52 week high of $90.06. The firm’s 50 day moving average is $79.41 and its two-hundred day moving average is $81.41. The firm has a market capitalization of $32.39 billion, a P/E ratio of 40.79, a P/E/G ratio of 1.53 and a beta of 1.35.

DuPont de Nemours (NYSE:DD) last posted its 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. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The firm had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same period last year, the firm posted $0.92 EPS. The company’s revenue was up 4.4% on a year-over-year basis. Research analysts forecast that DuPont de Nemours will post 3.91 EPS for the current fiscal year.

Institutional Investors Weigh In On DuPont de Nemours

Several institutional investors have recently made changes to their positions in DD. Strategic Investment Solutions Inc. IL purchased a new stake in shares of DuPont de Nemours during the 2nd quarter worth approximately $27,000. Ashton Thomas Securities LLC purchased a new stake in DuPont de Nemours during the third quarter worth $38,000. FSA Wealth Management LLC purchased a new position in shares of DuPont de Nemours in the third quarter valued at $39,000. Quarry LP acquired a new position in shares of DuPont de Nemours during the 2nd quarter worth $37,000. Finally, True Wealth Design LLC boosted its position in shares of DuPont de Nemours by 2,378.9% in the 3rd 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 in the last quarter. 73.96% of the stock is currently owned by hedge funds and other 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.