Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for DuPont de Nemours (NYSE:DD) Stock Price

DuPont de Nemours (NYSE:DD) had its target price cut by investment analysts at Deutsche Bank Aktiengesellschaft from $90.00 to $46.00 in a research report issued on Tuesday,MarketScreener reports. The firm presently has a “buy” rating on the basic materials company’s stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 19.51% from the company’s current price.

DD has been the subject of a number of other research reports. Royal Bank Of Canada cut their price target on shares of DuPont de Nemours from $100.00 to $48.00 and set an “outperform” rating for the company in a research note on Tuesday, November 18th. Weiss Ratings reiterated a “sell (d+)” rating on shares of DuPont de Nemours in a research report on Wednesday, November 19th. Zacks Research downgraded shares of DuPont de Nemours from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. Citigroup lifted their target price on DuPont de Nemours from $38.90 to $47.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Finally, Wells Fargo & Company lowered their target price on DuPont de Nemours from $100.00 to $50.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. Ten research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $42.88.

DuPont de Nemours Price Performance

Shares of DD stock traded up $0.02 during trading hours on Tuesday, hitting $38.49. The company had a trading volume of 265,888 shares, compared to its average volume of 7,169,486. The firm has a market capitalization of $16.13 billion, a price-to-earnings ratio of -82.00, a PEG ratio of 2.49 and a beta of 1.11. DuPont de Nemours has a 12 month low of $22.50 and a 12 month high of $41.23. The firm’s fifty day moving average is $34.85 and its 200 day moving average is $31.81. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.94 and a current ratio of 1.41.

DuPont de Nemours (NYSE:DD) last released its earnings results on Monday, July 11th. The basic materials company reported $0.29 EPS for the quarter. The company had revenue of $3.02 billion during the quarter. DuPont de Nemours had a positive return on equity of 7.85% and a negative net margin of 1.54%. On average, sell-side analysts predict that DuPont de Nemours will post 4.38 EPS for the current fiscal year.

DuPont de Nemours declared that its board has approved a stock repurchase program on Thursday, November 6th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the basic materials company to buy up to 12.2% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Insider Activity

In other news, SVP Steven P. Larrabee sold 103,267 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $32.29, for a total transaction of $3,334,357.49. Following the transaction, the senior vice president directly owned 92,218 shares of the company’s stock, valued at approximately $2,977,599.61. This trade represents a 52.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold a total of 177,357 shares of company stock worth $5,714,857 in the last ninety days. 0.61% of the stock is owned by insiders.

Hedge Funds Weigh In On DuPont de Nemours

Hedge funds have recently bought and sold shares of the business. Obermeyer Wealth Partners raised its holdings in shares of DuPont de Nemours by 73.6% in the 2nd quarter. Obermeyer Wealth Partners now owns 25,159 shares of the basic materials company’s stock valued at $1,726,000 after purchasing an additional 10,663 shares in the last quarter. Prospera Financial Services Inc grew its holdings in DuPont de Nemours by 19.1% during the second quarter. Prospera Financial Services Inc now owns 94,434 shares of the basic materials company’s stock worth $6,477,000 after acquiring an additional 15,144 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of DuPont de Nemours by 15.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 756,907 shares of the basic materials company’s stock worth $56,526,000 after buying an additional 99,667 shares in the last quarter. KBC Group NV lifted its stake in DuPont de Nemours by 10.4% in the 2nd quarter. KBC Group NV now owns 81,254 shares of the basic materials company’s stock valued at $5,573,000 after buying an additional 7,684 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in shares of DuPont de Nemours by 33.8% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 524,356 shares of the basic materials company’s stock valued at $35,966,000 after acquiring an additional 132,427 shares during the last quarter. 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.