UBS Group began coverage on shares of DowDuPont (NYSE:DWDP) in a research report sent to investors on Wednesday, BenzingaRatingsTable reports. The firm issued a buy rating and a $45.00 price objective on the stock.
DWDP has been the topic of a number of other research reports. Morgan Stanley decreased their target price on shares of DowDuPont from $70.00 to $43.00 and set an overweight rating on the stock in a report on Tuesday, April 2nd. ValuEngine downgraded shares of DowDuPont from a sell rating to a strong sell rating in a report on Wednesday. BMO Capital Markets reduced their price target on shares of DowDuPont from $67.00 to $46.00 and set an outperform rating for the company in a research report on Tuesday, April 2nd. Jefferies Financial Group decreased their price target on shares of DowDuPont from $66.00 to $62.00 and set a buy rating on the stock in a report on Friday, March 29th. Finally, Bank of America downgraded DowDuPont from a buy rating to a neutral rating and set a $44.00 price objective on the stock. in a research report on Tuesday, April 2nd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $61.50.
DWDP stock opened at $37.90 on Wednesday. DowDuPont has a twelve month low of $36.09 and a twelve month high of $71.93. The stock has a market cap of $88.27 billion, a price-to-earnings ratio of 9.22, a P/E/G ratio of 1.03 and a beta of 1.28. The company has a quick ratio of 1.33, a current ratio of 2.01 and a debt-to-equity ratio of 0.39.
DowDuPont (NYSE:DWDP) last announced its quarterly earnings results on Thursday, January 31st. The company reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.01). DowDuPont had a return on equity of 9.59% and a net margin of 4.47%. The firm had revenue of $20.10 billion during the quarter, compared to analysts’ expectations of $21.11 billion. Sell-side analysts expect that DowDuPont will post 3.67 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 28th were paid a $0.38 dividend. The ex-dividend date was Wednesday, February 27th. This represents a $1.52 dividend on an annualized basis and a yield of 4.01%. DowDuPont’s dividend payout ratio is presently 36.98%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DWDP. Capital International Investors lifted its stake in DowDuPont by 217.7% during the third quarter. Capital International Investors now owns 31,674,850 shares of the company’s stock worth $2,037,010,000 after purchasing an additional 21,705,299 shares during the last quarter. Norges Bank purchased a new position in shares of DowDuPont during the 4th quarter valued at about $1,073,626,000. Rehmann Capital Advisory Group raised its holdings in shares of DowDuPont by 6,180.2% during the 3rd quarter. Rehmann Capital Advisory Group now owns 14,166,195 shares of the company’s stock valued at $2,517,979,000 after buying an additional 13,940,627 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in DowDuPont by 5,163.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 13,415,618 shares of the company’s stock worth $251,000 after buying an additional 13,160,717 shares during the last quarter. Finally, Capital World Investors lifted its position in DowDuPont by 2.6% in the 3rd quarter. Capital World Investors now owns 131,628,818 shares of the company’s stock worth $8,465,049,000 after buying an additional 3,387,817 shares during the last quarter. Institutional investors and hedge funds own 69.37% of the company’s stock.
DowDuPont Company Profile
DowDuPont Inc, through its subsidiaries, engages in agriculture, materials science, and specialty products businesses in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. The company's Agriculture segment produces, and sells hybrid corn seed and soybean seed varieties; sunflowers, wheat, alfalfa, canola, cotton, rice, and sorghum; silage inoculants; and crop protection products that include weed control, disease control, and insect control.
Read More: What is the strike price in options trading?
Receive News & Ratings for DowDuPont Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DowDuPont and related companies with MarketBeat.com's FREE daily email newsletter.