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

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

Other equities analysts have also issued reports about the stock. Barclays increased their price target on shares of DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Wells Fargo & Company increased their target price on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Wolfe Research raised shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target for the company in a research report on Friday, January 17th. Citigroup decreased their price objective 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. Finally, Morgan Stanley lifted their target price 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.00.

DuPont de Nemours Price Performance

Shares of DD opened at $77.60 on Tuesday. The firm has a market capitalization of $32.43 billion, a price-to-earnings ratio of 40.84, a PEG ratio of 1.69 and a beta of 1.35. The firm’s fifty day simple moving average is $79.21 and its 200-day simple moving average is $81.38. DuPont de Nemours has a twelve month low of $61.14 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.

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

Hedge Funds Weigh In On DuPont de Nemours

A number of hedge funds and other institutional investors have recently bought and sold shares of DD. Strategic Investment Solutions Inc. IL purchased a new position in DuPont de Nemours in the second quarter worth $27,000. Ashton Thomas Securities LLC purchased a new stake in shares of DuPont de Nemours in the third quarter valued at about $38,000. FSA Wealth Management LLC acquired a new stake in DuPont de Nemours during the 3rd quarter valued at $39,000. Quarry LP purchased a new stake in DuPont de Nemours during the 2nd quarter worth about $37,000. Finally, True Wealth Design LLC raised its position in shares of 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 valued at $42,000 after buying an additional 452 shares during 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.