Argus Lowers DuPont de Nemours (NYSE:DD) Price Target to $52.00

DuPont de Nemours (NYSE:DD) had its price objective lowered by research analysts at Argus from $86.00 to $52.00 in a report issued on Thursday,MarketScreener reports. The brokerage currently has a “buy” rating on the basic materials company’s stock. Argus’ target price suggests a potential upside of 11.21% from the company’s previous close.

Several other equities analysts have also recently issued reports on DD. Wall Street Zen upgraded DuPont de Nemours to a “hold” rating in a research note on Saturday, January 10th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of DuPont de Nemours from $90.00 to $46.00 and set a “buy” rating on the stock in a report on Tuesday, November 25th. Weiss Ratings reiterated a “sell (d+)” rating on shares of DuPont de Nemours in a report on Monday, December 22nd. Wells Fargo & Company reduced their price objective on shares of DuPont de Nemours from $100.00 to $50.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. Finally, UBS Group boosted their target price on shares of DuPont de Nemours from $46.00 to $49.00 and gave the stock a “buy” rating in a research note on Wednesday, January 7th. Eleven research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $46.42.

DuPont de Nemours Stock Performance

Shares of DD stock opened at $46.76 on Thursday. The company has a quick ratio of 1.63, a current ratio of 2.00 and a debt-to-equity ratio of 0.30. DuPont de Nemours has a 52 week low of $22.50 and a 52 week high of $48.03. The stock has a market capitalization of $19.59 billion, a PE ratio of -25.41, a P/E/G ratio of 3.39 and a beta of 1.10. The firm has a 50 day moving average of $42.33 and a two-hundred day moving average of $36.59.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Thursday, November 6th. The basic materials company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.05. The business had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.12 billion. DuPont de Nemours had a positive return on equity of 7.81% and a negative net margin of 6.17%.The company’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.18 earnings per share. On average, research analysts predict that DuPont de Nemours will post 4.38 EPS for the current fiscal year.

DuPont de Nemours announced that its Board of Directors has authorized a share repurchase plan on Thursday, November 6th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the basic materials company to purchase up to 12.2% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at DuPont de Nemours

In other news, CEO Lori Koch sold 9,011 shares of the business’s stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $39.46, for a total value of $355,574.06. Following the completion of the sale, the chief executive officer directly owned 288,326 shares of the company’s stock, valued at approximately $11,377,343.96. The trade was a 3.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Erik T. Hoover sold 6,005 shares of the firm’s stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $39.79, for a total value of $238,938.95. Following the transaction, the senior vice president owned 112,101 shares in the company, valued at $4,460,498.79. This represents a 5.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On DuPont de Nemours

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DD. EverSource Wealth Advisors LLC grew its position in shares of DuPont de Nemours by 9.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 4,376 shares of the basic materials company’s stock worth $176,000 after acquiring an additional 369 shares during the last quarter. Evoke Wealth LLC boosted its stake in DuPont de Nemours by 13.3% during the 4th quarter. Evoke Wealth LLC now owns 5,952 shares of the basic materials company’s stock worth $239,000 after purchasing an additional 697 shares during the period. FourThought Financial Partners LLC purchased a new position in DuPont de Nemours during the 4th quarter worth $383,000. Global Retirement Partners LLC grew its position in DuPont de Nemours by 305.3% during the 4th quarter. Global Retirement Partners LLC now owns 9,468 shares of the basic materials company’s stock worth $381,000 after purchasing an additional 7,132 shares during the last quarter. Finally, Leonteq Securities AG acquired a new position in DuPont de Nemours in the fourth quarter valued at $140,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Company Profile

DuPont de Nemours (NYSE: DD) is a global science and engineering company that develops and supplies specialty materials, chemicals and industrial biosciences for a wide range of markets. Headquartered in Wilmington, Delaware, the company traces its origins to 1802 and has evolved through more than two centuries of innovation. In recent history DuPont participated in a major combination with Dow Chemical and subsequent reorganization that refocused the company on differentiated, specialty businesses built around science-based solutions.

DuPont’s operations center on advanced materials and technologies used by manufacturers and OEMs in industries such as transportation, electronics, construction, industrial manufacturing and worker safety.