Citigroup Issues Pessimistic Forecast for DuPont de Nemours (NYSE:DD) Stock Price

DuPont de Nemours (NYSE:DD) had its price target cut by research analysts at Citigroup from $98.00 to $92.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the basic materials company’s stock. Citigroup’s price objective would suggest a potential upside of 14.76% from the stock’s current price.

Several other research firms have also commented on DD. StockNews.com lowered DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Barclays lifted their price objective on shares of DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Wells Fargo & Company upped their price objective on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Morgan Stanley boosted their price target on shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Finally, Royal Bank of Canada boosted their target price on DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $95.25.

DuPont de Nemours Stock Up 0.0 %

Shares of DuPont de Nemours stock traded up $0.04 on Wednesday, reaching $80.17. 92,348 shares of the company were exchanged, compared to its average volume of 2,432,266. DuPont de Nemours has a 1-year low of $61.14 and a 1-year high of $90.06. The stock’s 50 day moving average price is $83.50 and its 200-day moving average price is $82.10. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49. The company has a market cap of $33.51 billion, a P/E ratio of 42.19, a price-to-earnings-growth ratio of 1.97 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The firm had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the previous year, the firm posted $0.92 earnings per share. The company’s revenue was up 4.4% compared to the same quarter last year. As a group, equities analysts forecast that DuPont de Nemours will post 3.89 EPS for the current year.

Institutional Investors Weigh In On DuPont de Nemours

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Jennison Associates LLC raised its holdings in shares of DuPont de Nemours by 2.0% in the third quarter. Jennison Associates LLC now owns 491,028 shares of the basic materials company’s stock worth $43,756,000 after acquiring an additional 9,730 shares during the last quarter. Appian Way Asset Management LP purchased a new position in DuPont de Nemours in the 2nd quarter valued at about $2,978,000. Oppenheimer & Co. Inc. boosted its stake in shares of DuPont de Nemours by 38.4% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 36,082 shares of the basic materials company’s stock worth $3,215,000 after purchasing an additional 10,012 shares during the last quarter. KBC Group NV grew its holdings in shares of DuPont de Nemours by 17.6% during the third quarter. KBC Group NV now owns 73,765 shares of the basic materials company’s stock worth $6,573,000 after buying an additional 11,019 shares in the last quarter. Finally, Aljian Capital Management LLC acquired a new position in shares of DuPont de Nemours in the third quarter valued at approximately $648,000. Hedge funds and other institutional investors 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.