DuPont de Nemours (NYSE:DD) Price Target Raised to $182.00

DuPont de Nemours (NYSE:DD – Free Report) had its target price lifted by UBS Group from $172.00 to $182.00 in a report issued on Wednesday,Benzinga reports. They currently have a buy rating on the basic materials company’s stock.

Several other research analysts have also commented on the company. Barclays lifted their price target on DuPont de Nemours from $156.00 to $176.00 and gave the stock an “overweight” rating in a research report on Wednesday. Citigroup increased their price objective on DuPont de Nemours from $162.00 to $176.00 and gave the company a “buy” rating in a report on Wednesday. Zacks Research lowered shares of DuPont de Nemours from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 17th. JPMorgan Chase & Co. cut shares of DuPont de Nemours from an “overweight” rating to a “neutral” rating and cut their target price for the company from $172.00 to $145.00 in a report on Friday, October 9th. Finally, The Goldman Sachs Group reduced their price target on shares of DuPont de Nemours from $159.00 to $153.00 and set a “neutral” rating for the company in a research report on Wednesday, September 30th. Twelve equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and an average target price of $165.88.

Check Out Our Latest Analysis on DuPont de Nemours

DuPont de Nemours Stock Performance

NYSE DD traded up $1.32 during trading hours on Wednesday, hitting $146.25. The company had a trading volume of 975,691 shares, compared to its average volume of 856,064. The business has a 50 day moving average of $133.21 and a 200-day moving average of $138.80. The company has a market cap of $19.75 billion, a PE ratio of 65.58, a price-to-earnings-growth ratio of 1.31 and a beta of 1.06. DuPont de Nemours has a 1-year low of $111.15 and a 1-year high of $157.98. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.82 and a current ratio of 2.43.

DuPont de Nemours (NYSE:DD – Get Free Report) last posted its earnings results on Tuesday, November 3rd. The basic materials company reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.22. DuPont de Nemours had a return on equity of 6.92% and a net margin of 0.67%. The business had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the previous year, the firm earned $1.09 earnings per share. The business’s revenue was up 4.1% compared to the same quarter last year. As a group, equities research analysts expect that DuPont de Nemours will post 7.51 EPS for the current year.

DuPont de Nemours Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Monday, November 30th. This represents a $2.40 annualized dividend and a dividend yield of 1.6%. DuPont de Nemours’s payout ratio is presently 107.62%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in DD. Allworth Financial LP raised its stake in shares of DuPont de Nemours by 7.8% during the 3rd quarter. Allworth Financial LP now owns 6,275 shares of the basic materials company’s stock worth $851,000 after buying an additional 455 shares in the last quarter. Fisher Asset Management LLC grew its holdings in DuPont de Nemours by 12.9% during the third quarter. Fisher Asset Management LLC now owns 3,305 shares of the basic materials company’s stock worth $429,000 after acquiring an additional 378 shares during the period. Legacy Trust acquired a new position in DuPont de Nemours during the third quarter worth $4,771,000. Maryland State Retirement & Pension System raised its position in DuPont de Nemours by 16.9% in the third quarter. Maryland State Retirement & Pension System now owns 8,403 shares of the basic materials company’s stock worth $1,091,000 after acquiring an additional 1,213 shares in the last quarter. Finally, Jacobi Capital Management LLC raised its position in DuPont de Nemours by 2.1% in the third quarter. Jacobi Capital Management LLC now owns 7,259 shares of the basic materials company’s stock worth $943,000 after acquiring an additional 149 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

More DuPont de Nemours News

Here are the key news stories impacting DuPont de Nemours this week:

  • Positive Sentiment: Several analysts raised their valuation targets while maintaining bullish ratings. UBS lifted its target to $182 from $172 and kept a Buy rating; RBC raised its target to $173 from $160 with an Outperform rating; and Wells Fargo increased its target to $170 from $166 while maintaining Overweight. UBS target and rating RBC target and rating Wells Fargo target
  • Positive Sentiment: Additional coverage included a new Buy rating and a higher price target from Citigroup, reinforcing the generally constructive analyst view. New Buy rating Citigroup target increase
  • Positive Sentiment: Barclays reiterated its Buy rating. The analyst support follows DuPont’s recent quarterly earnings beat: EPS of $2.09 topped the $1.87 consensus, while revenue also exceeded expectations. Shares were reported to have gapped up after the results. Barclays rating Shares gap up after earnings

About DuPont de Nemours

(Get Free Report)

DuPont de Nemours, Inc is a diversified science and technology company that develops engineered materials and specialty products for industrial and consumer markets. Its offerings are used in applications including electronics, semiconductor manufacturing, water purification, transportation, construction, healthcare, and worker and consumer protection.

The company’s product portfolio has historically included high-performance films, resins, adhesives, engineered polymers, specialty fibers, protective materials, water-treatment membranes, and filtration technologies.

See Also

Analyst Recommendations for DuPont de Nemours (NYSE:DD)

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