UBS Group Raises DuPont de Nemours (NYSE:DD) Price Target to $85.00

DuPont de Nemours (NYSE:DD - Get Free Report) had its target price hoisted by research analysts at UBS Group from $79.00 to $85.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the basic materials company's stock. UBS Group's price target indicates a potential upside of 25.70% from the company's current price.

A number of other analysts also recently weighed in on the stock. Morgan Stanley decreased their target price on shares of DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating for the company in a research report on Monday, May 5th. Barclays lowered their target price on shares of DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 29th. Citigroup cut their price target on shares of DuPont de Nemours from $95.00 to $74.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Royal Bank of Canada decreased their price target on DuPont de Nemours from $101.00 to $90.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Finally, KeyCorp boosted their price objective on DuPont de Nemours from $81.00 to $85.00 and gave the company an "overweight" rating in a research note on Monday, May 5th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $85.92.

DuPont de Nemours Price Performance

Shares of DuPont de Nemours stock traded down $0.39 on Wednesday, reaching $67.62. 1,748,454 shares of the stock were exchanged, compared to its average volume of 2,417,760. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. The firm has a market cap of $28.30 billion, a PE ratio of 40.49, a P/E/G ratio of 2.15 and a beta of 1.07. The firm's 50 day moving average is $66.71 and its 200-day moving average is $74.89. 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 earnings results on Friday, May 2nd. The basic materials company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.95 by $0.08. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. The firm had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter in the previous year, the firm earned $0.79 earnings per share. The business's quarterly revenue was up 4.6% on a year-over-year basis. As a group, analysts anticipate that DuPont de Nemours will post 4.38 EPS for the current fiscal year.

Hedge Funds Weigh In On DuPont de Nemours

Large investors have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. lifted its stake in DuPont de Nemours by 28.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 5,261 shares of the basic materials company's stock valued at $393,000 after acquiring an additional 1,173 shares in the last quarter. Belpointe Asset Management LLC boosted its stake in DuPont de Nemours by 1.8% in the first quarter. Belpointe Asset Management LLC now owns 8,749 shares of the basic materials company's stock valued at $653,000 after acquiring an additional 152 shares during the last quarter. Focus Partners Wealth grew its holdings in DuPont de Nemours by 9.1% during the first quarter. Focus Partners Wealth now owns 387,899 shares of the basic materials company's stock valued at $28,968,000 after purchasing an additional 32,332 shares during the period. Ransom Advisory Ltd purchased a new position in shares of DuPont de Nemours in the first quarter worth about $40,000. Finally, Plato Investment Management Ltd lifted its holdings in DuPont de Nemours by 31.8% during the 1st quarter. Plato Investment Management Ltd now owns 970 shares of the basic materials company's stock worth $73,000 after purchasing an additional 234 shares in the last quarter. Institutional investors own 73.96% of the company's stock.

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.