DuPont de Nemours (NYSE:DD) PT Lowered to $86.00 at Credit Suisse Group

DuPont de Nemours (NYSE:DDGet Rating) had its target price cut by stock analysts at Credit Suisse Group from $95.00 to $86.00 in a report issued on Wednesday, The Fly reports. Credit Suisse Group’s price target would suggest a potential upside of 29.56% from the company’s previous close.

A number of other analysts have also weighed in on the stock. Zacks Investment Research lowered shares of DuPont de Nemours from a “hold” rating to a “strong sell” rating and set a $59.00 target price on the stock. in a research report on Monday, April 11th. Mizuho cut their target price on shares of DuPont de Nemours from $101.00 to $97.00 in a research report on Wednesday. Barclays raised their target price on shares of DuPont de Nemours from $84.00 to $88.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 9th. Citigroup cut their target price on shares of DuPont de Nemours from $98.00 to $96.00 and set a “buy” rating on the stock in a research report on Wednesday, February 9th. Finally, Bank of America raised their target price on shares of DuPont de Nemours from $93.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, February 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, DuPont de Nemours has a consensus rating of “Buy” and an average target price of $90.94.

NYSE DD opened at $66.38 on Wednesday. The company has a current ratio of 1.89, a quick ratio of 1.22 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $33.76 billion, a price-to-earnings ratio of 6.07, a P/E/G ratio of 2.11 and a beta of 1.39. The firm’s 50 day simple moving average is $72.21 and its 200 day simple moving average is $76.10. DuPont de Nemours has a 1 year low of $64.35 and a 1 year high of $86.28.

DuPont de Nemours (NYSE:DDGet Rating) last posted its quarterly earnings results on Tuesday, May 3rd. The basic materials company reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.15. The business had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.21 billion. DuPont de Nemours had a net margin of 38.83% and a return on equity of 8.29%. The firm’s revenue for the quarter was down 17.7% on a year-over-year basis. During the same quarter last year, the business posted $0.91 EPS. On average, equities research analysts forecast that DuPont de Nemours will post 3.38 earnings per share for the current year.

DuPont de Nemours declared that its Board of Directors has authorized a share repurchase program on Tuesday, February 8th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the basic materials company to buy up to 2.4% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Pinebridge Investments L.P. raised its stake in DuPont de Nemours by 11.7% during the third quarter. Pinebridge Investments L.P. now owns 44,492 shares of the basic materials company’s stock worth $3,025,000 after buying an additional 4,663 shares during the last quarter. Eaton Vance Management raised its stake in DuPont de Nemours by 0.3% during the third quarter. Eaton Vance Management now owns 611,024 shares of the basic materials company’s stock worth $40,619,000 after buying an additional 1,959 shares during the last quarter. First Trust Advisors LP increased its stake in DuPont de Nemours by 133.0% in the fourth quarter. First Trust Advisors LP now owns 521,076 shares of the basic materials company’s stock valued at $42,093,000 after purchasing an additional 297,485 shares in the last quarter. Sawtooth Solutions LLC increased its stake in DuPont de Nemours by 5.9% in the third quarter. Sawtooth Solutions LLC now owns 3,479 shares of the basic materials company’s stock valued at $237,000 after purchasing an additional 194 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in DuPont de Nemours by 6.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 767,092 shares of the basic materials company’s stock valued at $61,968,000 after purchasing an additional 46,740 shares in the last quarter. 73.33% of the stock is owned by institutional investors and hedge funds.

About DuPont de Nemours (Get Rating)

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 three segments: Electronics & Industrial, Mobility & Materials, and Water & Protection. The Electronics & Industrial segment supplies materials and printing systems to the advanced printing industry; and materials and solutions for the fabrication of semiconductors and integrated circuits addressing front-end and back-end of the manufacturing process.

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