Free Trial

DuPont de Nemours (NYSE:DD) Given New $92.00 Price Target at KeyCorp

DuPont de Nemours logo with Basic Materials background

Key Points

  • KeyCorp has raised its price target for DuPont de Nemours from $87.00 to $92.00, indicating a potential upside of 27.78% from the last close.
  • Despite the price target increase from KeyCorp, other analysts like Bank of America have downgraded their rating and reduced their target, reflecting mixed sentiments among analysts.
  • DuPont recently reported a quarterly earnings per share of $1.12, surpassing the consensus estimate, while revenue increased by 2.7% compared to the same quarter last year.
  • Looking to Export and Analyze DuPont de Nemours Data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

DuPont de Nemours (NYSE:DD - Get Free Report) had its target price hoisted by investment analysts at KeyCorp from $87.00 to $92.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an "overweight" rating on the basic materials company's stock. KeyCorp's price target would suggest a potential upside of 27.78% from the company's previous close.

DD has been the subject of several other reports. Bank of America upgraded shares of DuPont de Nemours from an "underperform" rating to a "neutral" rating and decreased their price target for the company from $80.00 to $75.00 in a research report on Tuesday, April 15th. 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 report on Monday, July 21st. Barclays reduced their price target on shares of DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating for the company in a report on Tuesday, April 29th. Royal Bank Of Canada reduced their price target on shares of 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, 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 report on Friday, May 16th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $87.92.

Check Out Our Latest Stock Analysis on DuPont de Nemours

DuPont de Nemours Price Performance

Shares of NYSE:DD opened at $72.00 on Wednesday. The company has a market cap of $30.13 billion, a price-to-earnings ratio of -380.17, a PEG ratio of 2.01 and a beta of 1.06. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 0.91. The firm has a 50 day simple moving average of $71.13 and a 200 day simple moving average of $71.82. 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 data on Tuesday, August 5th. The basic materials company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.06 by $0.06. The business had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.23 billion. DuPont de Nemours had a negative net margin of 0.60% and a positive return on equity of 7.58%. The firm's revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.97 EPS. Research analysts predict that DuPont de Nemours will post 4.38 earnings per share for the current fiscal year.

Hedge Funds Weigh In On DuPont de Nemours

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. AdvisorNet Financial Inc lifted its holdings in shares of DuPont de Nemours by 3.0% in the 2nd quarter. AdvisorNet Financial Inc now owns 4,641 shares of the basic materials company's stock worth $318,000 after acquiring an additional 134 shares during the last quarter. Sagespring Wealth Partners LLC lifted its holdings in shares of DuPont de Nemours by 3.9% in the 2nd quarter. Sagespring Wealth Partners LLC now owns 3,729 shares of the basic materials company's stock worth $256,000 after acquiring an additional 140 shares during the last quarter. Hancock Whitney Corp raised its holdings in DuPont de Nemours by 2.6% during the 4th quarter. Hancock Whitney Corp now owns 5,625 shares of the basic materials company's stock valued at $429,000 after buying an additional 143 shares during the last quarter. Princeton Global Asset Management LLC raised its holdings in DuPont de Nemours by 64.4% during the 2nd quarter. Princeton Global Asset Management LLC now owns 365 shares of the basic materials company's stock valued at $25,000 after buying an additional 143 shares during the last quarter. Finally, Summit Financial LLC raised its holdings in DuPont de Nemours by 3.7% during the 1st quarter. Summit Financial LLC now owns 4,077 shares of the basic materials company's stock valued at $304,000 after buying an additional 146 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company's stock.

About DuPont de Nemours

(Get Free Report)

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.

Read More

Analyst Recommendations for DuPont de Nemours (NYSE:DD)

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.

Should You Invest $1,000 in DuPont de Nemours Right Now?

Before you consider DuPont de Nemours, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and DuPont de Nemours wasn't on the list.

While DuPont de Nemours currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Energy Stocks to Buy and Hold Forever Cover

With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Overlooked AI Stocks That Chipmakers Can’t Live Without
Palantir & AMD Earnings: Massive Options Setups Ahead
3 Value Plays Set to Explode

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines