DuPont de Nemours, Inc. (NYSE:DD) Given Average Rating of “Moderate Buy” by Analysts

DuPont de Nemours, Inc. (NYSE:DD) has been assigned an average recommendation of “Moderate Buy” from the twelve research firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $98.00.

Several research analysts have weighed in on the company. Citigroup cut their price target on DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating for the company in a report on Wednesday, December 18th. Barclays increased their target price 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. BMO Capital Markets lowered their price target on DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday, January 16th. StockNews.com upgraded shares of DuPont de Nemours from a “hold” rating to a “buy” rating in a report on Tuesday, January 21st. Finally, Wolfe Research upgraded shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price for the company in a report on Friday, January 17th.

Hedge Funds Weigh In On DuPont de Nemours

A number of hedge funds have recently made changes to their positions in the business. State Street Corp increased its holdings in DuPont de Nemours by 2.4% in the 3rd quarter. State Street Corp now owns 16,983,109 shares of the basic materials company’s stock valued at $1,513,365,000 after purchasing an additional 399,728 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of DuPont de Nemours by 1.0% in the third quarter. Geode Capital Management LLC now owns 9,952,115 shares of the basic materials company’s stock valued at $883,821,000 after buying an additional 100,198 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of DuPont de Nemours by 9.8% during the 3rd quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock valued at $556,751,000 after buying an additional 570,703 shares during the period. Charles Schwab Investment Management Inc. lifted its position in DuPont de Nemours by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,777,478 shares of the basic materials company’s stock worth $247,501,000 after acquiring an additional 39,189 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in DuPont de Nemours by 22.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,976,736 shares of the basic materials company’s stock worth $176,147,000 after acquiring an additional 365,796 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Up 0.2 %

DD opened at $76.81 on Monday. The firm has a market cap of $32.10 billion, a P/E ratio of 40.43, a PEG ratio of 1.67 and a beta of 1.35. The business’s fifty day simple moving average is $78.45 and its 200 day simple moving average is $81.21. DuPont de Nemours has a 52 week low of $61.14 and a 52 week high of $90.06. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 6.35% and a return on equity of 6.64%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the company earned $0.92 EPS. As a group, equities research analysts anticipate that DuPont de Nemours will post 3.91 EPS for the current fiscal year.

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.