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

DuPont de Nemours (NYSE:DD) had its price target increased by equities researchers at Mizuho from $80.00 to $85.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the basic materials company’s stock. Mizuho’s price target would suggest a potential upside of 14.95% from the stock’s previous close.

Several other research firms have also recently weighed in on DD. Bank of America raised shares of DuPont de Nemours from an “underperform” rating to a “neutral” rating and decreased their price objective for the company from $80.00 to $75.00 in a report on Tuesday, April 15th. Royal Bank Of Canada decreased their target price on shares of DuPont de Nemours from $101.00 to $90.00 and set an “outperform” rating for the company in a research note on Thursday, April 24th. KeyCorp increased their price target on DuPont de Nemours from $85.00 to $87.00 and gave the company an “overweight” rating in a report on Monday. JPMorgan Chase & Co. lifted their price objective on DuPont de Nemours from $78.00 to $93.00 and gave the stock an “overweight” rating in a report on Friday, May 16th. Finally, Wells Fargo & Company upped their price objective on DuPont de Nemours from $81.00 to $90.00 and gave the company an “overweight” rating in a research report on Monday. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $88.15.

DuPont de Nemours Stock Performance

DD stock opened at $73.95 on Tuesday. The stock’s 50 day simple moving average is $69.56 and its 200 day simple moving average is $71.96. The company has a current ratio of 1.40, a quick ratio of 0.91 and a debt-to-equity ratio of 0.23. DuPont de Nemours has a 12-month low of $53.77 and a 12-month high of $90.06. The stock has a market capitalization of $30.95 billion, a PE ratio of -389.19, a price-to-earnings-growth ratio of 2.10 and a beta of 1.04.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.08. DuPont de Nemours had a positive return on equity of 7.58% and a negative net margin of 0.60%. The firm had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same period in the prior year, the company posted $0.79 earnings per share. The company’s quarterly revenue was up 4.6% on a year-over-year basis. As a group, research analysts forecast that DuPont de Nemours will post 4.38 earnings per share for the current fiscal year.

Hedge Funds Weigh In On DuPont de Nemours

Large investors have recently added to or reduced their stakes in the company. Level Four Advisory Services LLC boosted its stake in DuPont de Nemours by 2.8% in the 4th quarter. Level Four Advisory Services LLC now owns 4,679 shares of the basic materials company’s stock worth $357,000 after purchasing an additional 129 shares during the period. AdvisorNet Financial Inc boosted its position in shares of DuPont de Nemours by 3.0% during the second quarter. AdvisorNet Financial Inc now owns 4,641 shares of the basic materials company’s stock worth $318,000 after acquiring an additional 134 shares during the last quarter. Hancock Whitney Corp grew its stake in DuPont de Nemours by 2.6% during the fourth quarter. Hancock Whitney Corp now owns 5,625 shares of the basic materials company’s stock valued at $429,000 after acquiring an additional 143 shares in the last quarter. Summit Financial LLC increased its holdings in DuPont de Nemours by 3.7% in the 1st quarter. Summit Financial LLC now owns 4,077 shares of the basic materials company’s stock valued at $304,000 after acquiring an additional 146 shares during the last quarter. Finally, Belpointe Asset Management LLC increased its holdings in DuPont de Nemours by 1.8% in the 1st quarter. Belpointe Asset Management LLC now owns 8,749 shares of the basic materials company’s stock valued at $653,000 after acquiring an additional 152 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.