DuPont de Nemours (NYSE:DD) Price Target Lowered to $101.00 at Royal Bank of Canada

DuPont de Nemours (NYSE:DD) had its price objective cut by Royal Bank of Canada from $104.00 to $101.00 in a research note published on Monday morning. They currently have an overweight rating on the basic materials company’s stock.

Several other research analysts have also recently weighed in on DD. Citigroup cut their price objective on DuPont de Nemours from $92.00 to $88.00 in a research report on Monday. BMO Capital Markets cut their price objective on DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, January 16th. Morgan Stanley boosted their price objective on 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. Wells Fargo & Company boosted their target price on DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Finally, Wolfe Research upgraded DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price on the stock in a research note on Friday, January 17th. One analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $97.42.

DuPont de Nemours Stock Up 0.6 %

DD stock opened at $76.25 on Monday. The stock’s fifty day simple moving average is $77.57 and its two-hundred day simple moving average is $81.07. 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 1-year low of $66.10 and a 1-year high of $90.06. The stock has a market cap of $31.87 billion, a P/E ratio of 40.13, a P/E/G ratio of 1.70 and a beta of 1.34.

Institutional Trading of DuPont de Nemours

Hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp grew its position in DuPont de Nemours by 2.4% during the third quarter. State Street Corp now owns 16,983,109 shares of the basic materials company’s stock worth $1,513,365,000 after buying an additional 399,728 shares in the last quarter. Geode Capital Management LLC grew its position in DuPont de Nemours by 1.0% during the third quarter. Geode Capital Management LLC now owns 9,952,115 shares of the basic materials company’s stock worth $883,821,000 after buying an additional 100,198 shares in the last quarter. Franklin Resources Inc. grew its position in DuPont de Nemours by 9.8% during the third quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock worth $556,751,000 after buying an additional 570,703 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in DuPont de Nemours by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company’s stock worth $218,730,000 after buying an additional 91,108 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in DuPont de Nemours by 22.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,976,736 shares of the basic materials company’s stock worth $176,147,000 after buying an additional 365,796 shares in the last quarter. 73.96% of the stock is currently 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.