DuPont de Nemours (NYSE:DD) Price Target Raised to $85.00

DuPont de Nemours (NYSE:DDGet Free Report) had its price objective raised by research analysts at JPMorgan Chase & Co. from $76.00 to $85.00 in a report released on Friday, Benzinga reports. The firm presently has an “overweight” rating on the basic materials company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 12.23% from the stock’s previous close.

A number of other equities analysts also recently weighed in on the stock. TheStreet downgraded shares of DuPont de Nemours from a “b-” rating to a “c” rating in a research note on Tuesday, February 6th. Wolfe Research began coverage on shares of DuPont de Nemours in a research note on Friday, March 1st. They set a “peer perform” rating for the company. Royal Bank of Canada boosted their price target on shares of DuPont de Nemours from $75.00 to $83.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. StockNews.com raised shares of DuPont de Nemours from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. Finally, Barclays reduced their target price on shares of DuPont de Nemours from $74.00 to $70.00 and set an “equal weight” rating for the company in a report on Monday, February 12th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $76.60.

Read Our Latest Analysis on DuPont de Nemours

DuPont de Nemours Stock Performance

NYSE DD opened at $75.74 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.43 and a quick ratio of 1.73. The firm has a market capitalization of $31.63 billion, a price-to-earnings ratio of 81.44, a P/E/G ratio of 2.50 and a beta of 1.39. The company’s fifty day moving average is $69.49 and its two-hundred day moving average is $71.96. DuPont de Nemours has a 52-week low of $61.14 and a 52-week high of $78.74.

DuPont de Nemours (NYSE:DDGet Free Report) last issued its earnings results on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.02. DuPont de Nemours had a net margin of 3.51% and a return on equity of 6.12%. The business had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.92 billion. During the same period in the previous year, the business earned $0.89 EPS. The firm’s revenue was down 6.6% on a year-over-year basis. Equities research analysts forecast that DuPont de Nemours will post 3.44 EPS for the current year.

Insider Buying and Selling at DuPont de Nemours

In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total value of $171,371.20. Following the completion of the sale, the insider now owns 15,587 shares in the company, valued at $1,134,733.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.38% of the company’s stock.

Hedge Funds Weigh In On DuPont de Nemours

Large investors have recently modified their holdings of the stock. Fairfield Bush & CO. bought a new position in DuPont de Nemours during the first quarter worth about $50,000. United Bank grew its stake in DuPont de Nemours by 7.6% during the first quarter. United Bank now owns 11,482 shares of the basic materials company’s stock worth $845,000 after buying an additional 810 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in DuPont de Nemours during the first quarter worth about $195,000. Blair William & Co. IL grew its stake in DuPont de Nemours by 0.9% during the first quarter. Blair William & Co. IL now owns 94,648 shares of the basic materials company’s stock worth $6,964,000 after buying an additional 866 shares in the last quarter. Finally, Prudential PLC acquired a new stake in DuPont de Nemours during the first quarter worth about $821,000. 76.25% of the stock is owned by institutional investors.

DuPont de Nemours Company Profile

(Get Free Report)

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.

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Analyst Recommendations for DuPont de Nemours (NYSE:DD)

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