DuPont de Nemours, Inc. (NYSE:DD) Receives $94.83 Average Target Price from Analysts

DuPont de Nemours, Inc. (NYSE:DD) has received an average recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $94.83.

A number of equities research analysts have weighed in on the company. Barclays downgraded DuPont de Nemours from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $88.00 to $84.00 in a report on Monday, October 7th. Deutsche Bank Aktiengesellschaft increased their price objective on DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Royal Bank of Canada boosted their target price on shares of DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Morgan Stanley increased their target price 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. Finally, Citigroup reduced their price target on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research report on Friday, July 12th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Jacobs Levy Equity Management Inc. lifted its stake in shares of DuPont de Nemours by 403.2% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,421,685 shares of the basic materials company’s stock valued at $109,001,000 after purchasing an additional 1,139,156 shares during the period. Zurich Insurance Group Ltd FI bought a new position in DuPont de Nemours during the second quarter worth about $83,540,000. Renaissance Technologies LLC acquired a new position in shares of DuPont de Nemours during the 2nd quarter worth about $67,665,000. Ceredex Value Advisors LLC increased its stake in shares of DuPont de Nemours by 95.0% in the 2nd quarter. Ceredex Value Advisors LLC now owns 1,165,164 shares of the basic materials company’s stock valued at $93,784,000 after acquiring an additional 567,732 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its position in shares of DuPont de Nemours by 34.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,542,045 shares of the basic materials company’s stock valued at $118,229,000 after acquiring an additional 391,400 shares during the period. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Stock Performance

Shares of NYSE DD opened at $82.48 on Friday. DuPont de Nemours has a one year low of $61.14 and a one year high of $90.06. The company has a current ratio of 2.21, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. The business has a fifty day simple moving average of $84.15 and a 200 day simple moving average of $80.84. The firm has a market capitalization of $34.45 billion, a price-to-earnings ratio of 54.26, a PEG ratio of 2.20 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.12. The company had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.05 billion. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The business’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.85 EPS. Sell-side analysts expect that DuPont de Nemours will post 3.76 EPS for the current year.

DuPont de Nemours Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a $0.38 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.52 annualized dividend and a dividend yield of 1.84%. DuPont de Nemours’s dividend payout ratio (DPR) is currently 100.00%.

About DuPont de Nemours

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.