Royal Bank Of Canada Forecasts Strong Price Appreciation for DuPont de Nemours (NYSE:DD) Stock

DuPont de Nemours (NYSE:DD) had its price target hoisted by analysts at Royal Bank Of Canada from $94.00 to $100.00 in a report issued on Friday,MarketScreener reports. The brokerage currently has an “outperform” rating on the basic materials company’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 25.64% from the stock’s previous close.

DD has been the subject of a number of other research reports. Wells Fargo & Company upped their target price on shares of DuPont de Nemours from $81.00 to $90.00 and gave the stock an “overweight” rating in a research report on Monday, July 14th. Weiss Ratings restated a “hold (c-)” rating on shares of DuPont de Nemours in a research report on Wednesday, October 8th. UBS Group upped their target price on shares of DuPont de Nemours from $87.00 to $89.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. Citigroup upped their target price on shares of DuPont de Nemours from $85.00 to $93.00 in a research report on Friday, September 19th. Finally, BMO Capital Markets dropped their target price on shares of DuPont de Nemours from $107.00 to $104.00 and set an “outperform” rating for the company in a research report on Friday, September 19th. Nine investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $89.75.

DuPont de Nemours Stock Up 1.9%

Shares of DD stock opened at $79.59 on Friday. DuPont de Nemours has a 12 month low of $53.77 and a 12 month high of $87.80. The stock has a market cap of $33.33 billion, a P/E ratio of -169.34, a P/E/G ratio of 2.30 and a beta of 1.08. The company has a current ratio of 1.41, a quick ratio of 0.94 and a debt-to-equity ratio of 0.23. The company has a 50 day simple moving average of $76.70 and a two-hundred day simple moving average of $71.12.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Monday, July 11th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter. The firm had revenue of $3.02 billion during the quarter. DuPont de Nemours had a negative net margin of 1.54% and a positive return on equity of 7.85%. On average, research analysts expect that DuPont de Nemours will post 4.38 earnings per share for the current year.

Insider Buying and Selling at DuPont de Nemours

In other news, SVP Steven P. Larrabee sold 43,208 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $77.17, for a total value of $3,334,361.36. Following the sale, the senior vice president owned 38,585 shares of the company’s stock, valued at approximately $2,977,604.45. This represents a 52.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold a total of 74,208 shares of company stock valued at $5,714,861 over the last quarter. Corporate insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On DuPont de Nemours

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Blue Trust Inc. raised its stake in shares of DuPont de Nemours by 1.1% in the third quarter. Blue Trust Inc. now owns 11,990 shares of the basic materials company’s stock valued at $934,000 after acquiring an additional 127 shares during the period. Pacifica Partners Inc. raised its stake in shares of DuPont de Nemours by 27.0% in the third quarter. Pacifica Partners Inc. now owns 602 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 128 shares during the period. AdvisorNet Financial Inc raised its stake in shares of DuPont de Nemours by 3.0% in the second quarter. AdvisorNet Financial Inc now owns 4,641 shares of the basic materials company’s stock valued at $318,000 after acquiring an additional 134 shares during the period. Sagespring Wealth Partners LLC raised its stake in shares of DuPont de Nemours by 3.9% in the second quarter. Sagespring Wealth Partners LLC now owns 3,729 shares of the basic materials company’s stock valued at $256,000 after acquiring an additional 140 shares during the period. Finally, Princeton Global Asset Management LLC raised its stake in shares of DuPont de Nemours by 64.4% in the second quarter. Princeton Global Asset Management LLC now owns 365 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 143 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

About DuPont de Nemours

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.