DuPont de Nemours (NYSE:DD) Price Target Raised to $107.00

DuPont de Nemours (NYSE:DD) had its price objective upped by research analysts at Wells Fargo & Company from $105.00 to $107.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the basic materials company’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 25.09% from the company’s previous close.

DD has been the subject of several other reports. Royal Bank of Canada increased their target price on DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Citigroup cut their target price on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research note on Friday, July 12th. Barclays lifted their price target on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research note on Wednesday. Finally, Morgan Stanley upped their price objective on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $95.42.

DuPont de Nemours Trading Down 1.2 %

Shares of NYSE DD traded down $1.05 during trading on Wednesday, hitting $85.54. 213,540 shares of the company traded hands, compared to its average volume of 2,491,480. The company has a 50-day moving average price of $84.32 and a 200-day moving average price of $81.15. The firm has a market capitalization of $35.73 billion, a P/E ratio of 56.97, a P/E/G ratio of 2.16 and a beta of 1.35. The company has a quick ratio of 1.44, a current ratio of 2.21 and a debt-to-equity ratio of 0.30. DuPont de Nemours has a 1 year low of $61.14 and a 1 year high of $90.06.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) 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 analyst estimates of $3.20 billion. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.92 earnings per share. On average, equities analysts predict that DuPont de Nemours will post 3.76 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in DD. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of DuPont de Nemours during the 3rd quarter worth $971,000. First City Capital Management Inc. acquired a new stake in shares of DuPont de Nemours in the third quarter worth $219,000. Fifth Third Wealth Advisors LLC grew its holdings in shares of DuPont de Nemours by 10.5% during the third quarter. Fifth Third Wealth Advisors LLC now owns 9,365 shares of the basic materials company’s stock valued at $835,000 after buying an additional 890 shares in the last quarter. Prospera Financial Services Inc raised its position in DuPont de Nemours by 15.4% during the third quarter. Prospera Financial Services Inc now owns 73,103 shares of the basic materials company’s stock valued at $6,514,000 after buying an additional 9,760 shares during the period. Finally, Whalen Wealth Management Inc. acquired a new position in DuPont de Nemours during the third quarter valued at $501,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

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.