Citigroup Issues Pessimistic Forecast for DuPont de Nemours (NYSE:DD) Stock Price

Key Points

• Citigroup lowered DuPont de Nemours’ price target to $162 from $170 but maintained a “buy” rating, implying approximately 23.7% upside from the stock’s $130.96 price.
• Analyst sentiment remains broadly positive, with 12 buy ratings, four holds and one sell; the consensus rating is “Moderate Buy” with an average price target of $165.27.
• DuPont exceeded quarterly expectations, reporting $1.88 in earnings per share versus the $1.76 consensus estimate and revenue of $1.82 billion, up 4% year over year.

DuPont de Nemours (NYSE:DD - Get Free Report) had its target price decreased by research analysts at Citigroup from $170.00 to $162.00 in a report released on Wednesday, Benzinga reports. The firm currently has a "buy" rating on the basic materials company's stock. Citigroup's target price indicates a potential upside of 23.70% from the company's current price.

Other equities analysts also recently issued reports about the company. Zacks Research downgraded DuPont de Nemours from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 17th. Weiss Ratings reissued a "sell (d+)" rating on shares of DuPont de Nemours in a research note on Monday, August 3rd. UBS Group cut their price objective on shares of DuPont de Nemours from $178.00 to $172.00 and set a "buy" rating on the stock in a report on Monday. Royal Bank Of Canada cut their price target on shares of DuPont de Nemours from $180.00 to $176.00 and set an "outperform" rating on the stock in a report on Friday, August 7th. Finally, The Goldman Sachs Group decreased their price objective on shares of DuPont de Nemours from $159.00 to $153.00 and set a "neutral" rating for the company in a research report on Wednesday, September 30th. Twelve analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $165.27.

DuPont de Nemours Stock Down 1.7%

Shares of NYSE DD traded down $2.32 during midday trading on Wednesday, hitting $130.96. The stock had a trading volume of 343,407 shares, compared to its average volume of 1,379,245. The company has a market cap of $17.68 billion, a P/E ratio of 290.86, a PEG ratio of 1.19 and a beta of 1.05. The company has a quick ratio of 1.82, a current ratio of 2.43 and a debt-to-equity ratio of 0.23. DuPont de Nemours has a 52 week low of $92.49 and a 52 week high of $157.98. The business's 50 day moving average is $135.07 and its 200-day moving average is $138.44.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.76 by $0.12. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.81 billion. DuPont de Nemours had a return on equity of 6.92% and a net margin of 0.67%.DuPont de Nemours's revenue for the quarter was up 4.0% on a year-over-year basis. During the same period last year, the company earned $1.12 EPS. DuPont de Nemours has set its Q3 2026 guidance at 1.800-1.900 EPS. As a group, analysts predict that DuPont de Nemours will post 7.27 EPS for the current year.

Hedge Funds Weigh In On DuPont de Nemours

A number of large investors have recently added to or reduced their stakes in the stock. State Street Corp increased its position in shares of DuPont de Nemours by 140.3% during the second quarter. State Street Corp now owns 44,941,824 shares of the basic materials company's stock worth $6,095,909,000 after purchasing an additional 26,238,300 shares in the last quarter. Auto Owners Insurance Co boosted its stake in DuPont de Nemours by 4,275.8% during the fourth quarter. Auto Owners Insurance Co now owns 17,552,405 shares of the basic materials company's stock worth $70,561,000 after buying an additional 17,151,278 shares during the period. Bank of America Corp DE increased its holdings in DuPont de Nemours by 22.0% in the 1st quarter. Bank of America Corp DE now owns 4,629,671 shares of the basic materials company's stock valued at $212,039,000 after purchasing an additional 835,572 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in DuPont de Nemours by 10.0% during the 1st quarter. Bank of New York Mellon Corp now owns 3,706,596 shares of the basic materials company's stock worth $169,762,000 after acquiring an additional 336,780 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of DuPont de Nemours by 4.9% in the first quarter. Dimensional Fund Advisors LP now owns 3,509,831 shares of the basic materials company's stock valued at $160,688,000 after purchasing an additional 163,210 shares during the period. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Company Profile

DuPont de Nemours, Inc is a science and technology company that develops engineered materials, specialty chemicals and other performance solutions for industrial and consumer markets. Its products are used in areas including electronics and semiconductor manufacturing, water purification, healthcare, transportation, construction, aerospace, worker safety and industrial processing.

DuPont's portfolio includes well-known brands and materials such as Kevlar aramid fiber, Nomex flame-resistant materials, Tyvek protective materials, Kapton polyimide film, Vespel high-performance parts and Corian solid-surface materials.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.