DuPont de Nemours, Inc. (NYSE:DD) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• DuPont de Nemours, Inc. has received a consensus recommendation of "Moderate Buy" from 13 research firms, with 4 firms rating it as a hold and 9 as buy.
• Wells Fargo & Company recently raised their target price for DuPont shares from $81.00 to $90.00 and assigned it an "overweight" rating.
• As of recent reports, DuPont has a market capitalization of $30.91 billion, with a 52-week low of $53.77 and a high of $87.80.

DuPont de Nemours, Inc. (NYSE:DD - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the thirteen research firms that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $88.3333.

A number of equities research analysts recently issued reports on DD shares. Wells Fargo & Company increased 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. KeyCorp increased their target price on shares of DuPont de Nemours from $92.00 to $93.00 and gave the stock an "overweight" rating in a research report on Monday, September 22nd. 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. Royal Bank Of Canada reiterated an "outperform" rating and set a $94.00 target price on shares of DuPont de Nemours in a research report on Friday, September 19th. Finally, Citigroup increased their target price on shares of DuPont de Nemours from $85.00 to $93.00 in a research report on Friday, September 19th.

DuPont de Nemours Price Performance

NYSE:DD opened at $73.82 on Friday. The company has a 50-day moving average of $76.02 and a 200-day moving average of $71.06. The company has a market capitalization of $30.91 billion, a price-to-earnings ratio of -157.06, a PEG ratio of 2.25 and a beta of 1.08. DuPont de Nemours has a 52 week low of $53.77 and a 52 week high of $87.80. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.94 and a current ratio of 1.41.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its quarterly earnings data on Monday, July 11th. The basic materials company reported $0.69 EPS for the quarter. The company 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%. As a group, equities research analysts anticipate that DuPont de Nemours will post 4.38 earnings per share for the current fiscal year.

Insider Activity

In other DuPont de Nemours news, SVP Steven P. Larrabee sold 43,208 shares of the firm's stock in a transaction dated 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 completion of the sale, the senior vice president owned 38,585 shares in the company, valued at approximately $2,977,604.45. This trade represents a 52.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders have sold 74,208 shares of company stock worth $5,714,861. Company insiders own 0.61% of the company's stock.

Institutional Trading of DuPont de Nemours

A number of hedge funds and other institutional investors have recently modified their holdings of DD. Nuveen LLC acquired a new stake in shares of DuPont de Nemours in the first quarter valued at approximately $531,037,000. Norges Bank acquired a new stake in shares of DuPont de Nemours in the second quarter valued at approximately $313,306,000. Ilex Capital Partners UK LLP increased its holdings in shares of DuPont de Nemours by 175.8% in the second quarter. Ilex Capital Partners UK LLP now owns 2,043,299 shares of the basic materials company's stock valued at $140,150,000 after purchasing an additional 1,302,341 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of DuPont de Nemours by 139.3% in the second quarter. AQR Capital Management LLC now owns 1,791,511 shares of the basic materials company's stock valued at $122,486,000 after purchasing an additional 1,042,929 shares in the last quarter. Finally, Holocene Advisors LP increased its holdings in shares of DuPont de Nemours by 70.5% in the second quarter. Holocene Advisors LP now owns 2,398,287 shares of the basic materials company's stock valued at $164,499,000 after purchasing an additional 991,985 shares in the last quarter. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.