DuPont de Nemours (NYSE:DD) Given New $104.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has raised its price target for DuPont de Nemours from $99.00 to $104.00, suggesting a potential upside of 34.03% from the current price.
• A total of nine analysts have given the stock a Buy rating, while four have assigned a Hold rating, indicating a consensus rating of "Moderate Buy".
• DuPont de Nemours recently reported $0.69 earnings per share for the last quarter, with analysts forecasting a total of 4.38 EPS for the current year.

DuPont de Nemours (NYSE:DD - Get Free Report) had its price target boosted by research analysts at JPMorgan Chase & Co. from $99.00 to $104.00 in a report released on Wednesday,Benzinga reports. The firm presently has an "overweight" rating on the basic materials company's stock. JPMorgan Chase & Co.'s price objective suggests a potential upside of 34.03% from the company's current price.

Several other equities research analysts have also weighed in on the company. Mizuho boosted their target price on DuPont de Nemours from $80.00 to $85.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. BMO Capital Markets reduced their target price on DuPont de Nemours from $107.00 to $104.00 and set an "outperform" rating for the company in a report on Friday, September 19th. Citigroup boosted their target price on DuPont de Nemours from $85.00 to $93.00 in a report on Friday, September 19th. Royal Bank Of Canada restated an "outperform" rating and issued a $94.00 target price on shares of DuPont de Nemours in a report on Friday, September 19th. Finally, KeyCorp upped their price target on DuPont de Nemours from $92.00 to $93.00 and gave the stock an "overweight" rating in a report on Monday, September 22nd. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $89.25.

DuPont de Nemours Stock Up 2.2%

DD opened at $77.60 on Wednesday. The business has a 50 day moving average price of $76.22 and a 200 day moving average price of $71.04. DuPont de Nemours has a twelve month low of $53.77 and a twelve month 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. The firm has a market cap of $32.49 billion, a P/E ratio of -165.10, a price-to-earnings-growth ratio of 2.19 and a beta of 1.08.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its earnings results on Monday, July 11th. The basic materials company reported $0.69 earnings per share for the quarter. DuPont de Nemours had a positive return on equity of 7.85% and a negative net margin of 1.54%.The firm had revenue of $3.02 billion during the quarter. Research analysts forecast that DuPont de Nemours will post 4.38 EPS for the current year.

Insider Activity

In other news, SVP Steven P. Larrabee sold 43,208 shares of the business's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $77.17, for a total transaction of $3,334,361.36. Following the sale, the senior vice president directly owned 38,585 shares in the company, valued at approximately $2,977,604.45. The trade was a 52.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold 74,208 shares of company stock worth $5,714,861 in the last quarter. Insiders own 0.61% of the company's stock.

Institutional Trading of DuPont de Nemours

A number of large investors have recently bought and sold shares of DD. Nuveen LLC bought a new stake in DuPont de Nemours in the first quarter valued at $531,037,000. Norges Bank bought a new stake in DuPont de Nemours in the second quarter valued at $313,306,000. Ilex Capital Partners UK LLP grew its position in 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 acquiring an additional 1,302,341 shares during the period. AQR Capital Management LLC grew its position in 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 acquiring an additional 1,042,929 shares during the period. Finally, Holocene Advisors LP grew its position in 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 acquiring an additional 991,985 shares during the period. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Company Profile

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.

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