DuPont de Nemours (NYSE:DD) Given New $85.00 Price Target at UBS Group

DuPont de Nemours (NYSE:DD - Get Free Report) had its price objective hoisted by equities research analysts at UBS Group from $79.00 to $85.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the basic materials company's stock. UBS Group's target price would suggest a potential upside of 23.71% from the company's current price.

A number of other brokerages also recently weighed in on DD. Bank of America upgraded DuPont de Nemours from an "underperform" rating to a "neutral" rating and lowered their target price for the stock from $80.00 to $75.00 in a report on Tuesday, April 15th. BMO Capital Markets boosted their target price on shares of DuPont de Nemours from $105.00 to $112.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Wells Fargo & Company reduced their price target on shares of DuPont de Nemours from $105.00 to $81.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. KeyCorp upped their price objective on shares of DuPont de Nemours from $81.00 to $85.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Finally, StockNews.com downgraded DuPont de Nemours from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $85.92.

DuPont de Nemours Trading Down 0.3%

Shares of NYSE DD traded down $0.23 during midday trading on Wednesday, reaching $68.71. The stock had a trading volume of 483,356 shares, compared to its average volume of 2,452,579. The company's 50 day moving average price is $67.28 and its 200 day moving average price is $75.30. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. DuPont de Nemours has a twelve month low of $53.77 and a twelve month high of $90.06. The firm has a market cap of $28.75 billion, a price-to-earnings ratio of 41.17, a price-to-earnings-growth ratio of 2.15 and a beta of 1.07.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.08. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. The business had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same quarter in the previous year, the business earned $0.79 earnings per share. DuPont de Nemours's revenue for the quarter was up 4.6% on a year-over-year basis. As a group, sell-side analysts expect that DuPont de Nemours will post 4.38 EPS for the current year.

Hedge Funds Weigh In On DuPont de Nemours

Several institutional investors have recently modified their holdings of the business. Level Four Advisory Services LLC grew its position in shares of DuPont de Nemours by 2.8% in the 4th quarter. Level Four Advisory Services LLC now owns 4,679 shares of the basic materials company's stock worth $357,000 after buying an additional 129 shares during the period. Lake Street Advisors Group LLC boosted its stake in DuPont de Nemours by 3.2% during the fourth quarter. Lake Street Advisors Group LLC now owns 4,231 shares of the basic materials company's stock worth $323,000 after acquiring an additional 132 shares in the last quarter. Global Trust Asset Management LLC grew its holdings in DuPont de Nemours by 1.5% in the fourth quarter. Global Trust Asset Management LLC now owns 9,227 shares of the basic materials company's stock worth $704,000 after purchasing an additional 133 shares during the period. Avior Wealth Management LLC grew its holdings in DuPont de Nemours by 22.7% in the fourth quarter. Avior Wealth Management LLC now owns 741 shares of the basic materials company's stock worth $57,000 after purchasing an additional 137 shares during the period. Finally, Hancock Whitney Corp increased its stake in shares of DuPont de Nemours by 2.6% during the fourth quarter. Hancock Whitney Corp now owns 5,625 shares of the basic materials company's stock valued at $429,000 after purchasing an additional 143 shares in the last quarter. 73.96% of the stock is 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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