DuPont de Nemours, Inc. (NYSE:DD) Receives $98.00 Consensus Price Target from Brokerages

DuPont de Nemours, Inc. (NYSE:DD) has been given an average recommendation of “Moderate Buy” by the twelve ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $98.00.

DD has been the topic of a number of analyst reports. Wells Fargo & Company increased their price objective on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. StockNews.com upgraded shares of DuPont de Nemours from a “hold” rating to a “buy” rating in a research note on Tuesday, January 21st. Barclays boosted their price objective on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Royal Bank of Canada raised their target price on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, Morgan Stanley boosted their price target 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.

DuPont de Nemours Stock Up 0.2 %

Shares of DuPont de Nemours stock opened at $77.15 on Monday. The stock has a market capitalization of $32.24 billion, a price-to-earnings ratio of 40.60, a PEG ratio of 1.68 and a beta of 1.34. DuPont de Nemours has a twelve month low of $63.62 and a twelve month high of $90.06. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. The business’s 50 day simple moving average is $78.01 and its 200-day simple moving average is $81.13.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, topping 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 firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same period last year, the company earned $0.92 earnings per share. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. Equities research analysts forecast that DuPont de Nemours will post 3.91 earnings per share for the current year.

Institutional Trading of DuPont de Nemours

A number of large investors have recently added to or reduced their stakes in the business. Hager Investment Management Services LLC purchased a new stake in DuPont de Nemours during the fourth quarter valued at about $26,000. Byrne Asset Management LLC purchased a new stake in shares of DuPont de Nemours in the 4th quarter valued at approximately $29,000. Golden State Wealth Management LLC acquired a new position in DuPont de Nemours in the 4th quarter worth approximately $33,000. Noble Wealth Management PBC purchased a new position in DuPont de Nemours during the 4th quarter worth approximately $35,000. Finally, Quarry LP acquired a new stake in DuPont de Nemours during the 2nd quarter valued at $37,000. 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.