UBS Group Raises DuPont de Nemours (NYSE:DD) Price Target to $85.00

DuPont de Nemours (NYSE:DD) had its target price hoisted by stock analysts at UBS Group from $79.00 to $85.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the basic materials company’s stock. UBS Group’s target price would suggest a potential upside of 25.03% from the stock’s previous close.

Several other research analysts also recently commented on the stock. Bank of America raised shares of DuPont de Nemours from an “underperform” rating to a “neutral” rating and cut their price objective for the stock from $80.00 to $75.00 in a report on Tuesday, April 15th. BMO Capital Markets raised their price objective on shares of DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Mizuho cut their price target on shares of DuPont de Nemours from $100.00 to $80.00 and set an “outperform” rating for the company in a report on Tuesday, April 15th. Wall Street Zen downgraded shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Finally, Wells Fargo & Company cut their price target on shares of DuPont de Nemours from $105.00 to $81.00 and set an “overweight” rating for the company in a report on Wednesday, April 9th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and an average target price of $85.92.

DuPont de Nemours Stock Up 0.1%

DD opened at $67.98 on Wednesday. The company has a 50 day moving average of $66.89 and a 200 day moving average of $75.16. The company has a market cap of $28.45 billion, a PE ratio of 40.71, a price-to-earnings-growth ratio of 2.15 and a beta of 1.07. DuPont de Nemours has a 12 month low of $53.77 and a 12 month high of $90.06. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Friday, May 2nd. The basic materials company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.95 by $0.08. The company had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.05 billion. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. DuPont de Nemours’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the firm earned $0.79 EPS. On average, sell-side analysts expect that DuPont de Nemours will post 4.38 EPS for the current year.

Institutional Trading of DuPont de Nemours

Institutional investors and hedge funds have recently made changes to their positions in the stock. Choreo LLC raised its position in shares of DuPont de Nemours by 23.4% during the 4th quarter. Choreo LLC now owns 43,307 shares of the basic materials company’s stock valued at $3,296,000 after buying an additional 8,205 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of DuPont de Nemours during the 4th quarter valued at $1,343,000. Grandfield & Dodd LLC raised its position in shares of DuPont de Nemours by 72.0% during the 4th quarter. Grandfield & Dodd LLC now owns 7,538 shares of the basic materials company’s stock valued at $575,000 after buying an additional 3,155 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of DuPont de Nemours by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company’s stock valued at $218,730,000 after buying an additional 91,108 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its position in shares of DuPont de Nemours by 7.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 65,616 shares of the basic materials company’s stock valued at $5,003,000 after buying an additional 4,288 shares in 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.