DuPont de Nemours, Inc. (NYSE:DD) Receives $88.31 Consensus Target Price from Analysts

Key Points

• DuPont de Nemours, Inc. has received a consensus rating of "Moderate Buy" from analysts, with a target price averaging $88.31 based on thirteen ratings firms.
• The company's most recent earnings report showed $1.03 earnings per share, exceeding estimates and reflecting a 4.6% increase in quarterly revenue compared to the previous year.
• DuPont announced a quarterly dividend of $0.41 per share with an annualized yield of 2.16%, to be paid on September 15th.

DuPont de Nemours, Inc. (NYSE:DD - Get Free Report) has been given a consensus rating of "Moderate Buy" by the thirteen analysts that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $88.31.

DD has been the topic of several recent analyst reports. Morgan Stanley dropped their target price on shares of DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating on the stock in a report on Monday, May 5th. UBS Group raised their price target on shares of DuPont de Nemours from $87.00 to $89.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. KeyCorp raised their price target on shares of DuPont de Nemours from $85.00 to $87.00 and gave the stock an "overweight" rating in a research note on Monday, July 14th. Mizuho raised their price target on shares of DuPont de Nemours from $80.00 to $85.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Finally, JPMorgan Chase & Co. raised their price target on shares of DuPont de Nemours from $78.00 to $93.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th.

DuPont de Nemours Price Performance

Shares of NYSE DD traded up $0.12 during midday trading on Monday, reaching $72.32. 908,189 shares of the company were exchanged, compared to its average volume of 2,875,235. The stock has a market cap of $30.26 billion, a P/E ratio of -380.81, a PEG ratio of 2.11 and a beta of 1.04. The stock's 50-day moving average price is $70.88 and its 200-day moving average price is $71.98. The company has a quick ratio of 0.91, a current ratio of 1.40 and a debt-to-equity ratio of 0.23. DuPont de Nemours has a one year low of $53.77 and a one year high of $90.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The basic materials company reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.95 by $0.08. The company had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.05 billion. DuPont de Nemours had a negative net margin of 0.60% and a positive return on equity of 7.58%. DuPont de Nemours's revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.79 earnings per share. On average, sell-side analysts anticipate that DuPont de Nemours will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.27%. DuPont de Nemours's dividend payout ratio (DPR) is currently -863.16%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Nuveen LLC bought a new stake in shares of DuPont de Nemours during the 1st quarter worth $531,037,000. Norges Bank bought a new stake in shares of DuPont de Nemours during the 4th quarter worth $146,605,000. Marshall Wace LLP lifted its holdings in shares of DuPont de Nemours by 228.8% during the 4th quarter. Marshall Wace LLP now owns 1,471,730 shares of the basic materials company's stock worth $112,219,000 after acquiring an additional 1,024,075 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of DuPont de Nemours by 87.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,980,833 shares of the basic materials company's stock worth $147,929,000 after acquiring an additional 922,387 shares during the last quarter. Finally, Schroder Investment Management Group lifted its holdings in shares of DuPont de Nemours by 194.7% during the 4th quarter. Schroder Investment Management Group now owns 1,145,108 shares of the basic materials company's stock worth $86,971,000 after acquiring an additional 756,604 shares during the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

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.