DuPont de Nemours (NYSE:DD) Price Target Raised to $87.00 at UBS Group

DuPont de Nemours (NYSE:DD - Get Free Report) had its price objective raised by equities research analysts at UBS Group from $85.00 to $87.00 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 price target would indicate a potential upside of 16.26% from the stock's current price.

Several other research analysts also recently commented on DD. Wells Fargo & Company cut their target price on DuPont de Nemours from $105.00 to $81.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Bank of America raised DuPont de Nemours from an "underperform" rating to a "neutral" rating and cut their target price for the stock from $80.00 to $75.00 in a report on Tuesday, April 15th. KeyCorp lifted their target price on DuPont de Nemours from $81.00 to $85.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. Barclays cut their target price on DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. Finally, Royal Bank Of Canada cut their target price on DuPont de Nemours from $101.00 to $90.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $86.92.

DuPont de Nemours Price Performance

Shares of NYSE DD traded up $0.36 during mid-day trading on Wednesday, hitting $74.83. 298,802 shares of the stock traded hands, compared to its average volume of 2,444,543. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 0.91. DuPont de Nemours has a twelve month low of $53.77 and a twelve month high of $90.06. The company has a market cap of $31.32 billion, a PE ratio of -394.05, a price-to-earnings-growth ratio of 2.08 and a beta of 1.04. The firm has a 50 day simple moving average of $68.44 and a two-hundred day simple moving average of $72.01.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The basic materials company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.08. DuPont de Nemours had a positive return on equity of 7.58% and a negative net margin of 0.60%. The company had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter last year, the business posted $0.79 EPS. DuPont de Nemours's revenue for the quarter was up 4.6% on a year-over-year basis. As a group, equities research analysts forecast that DuPont de Nemours will post 4.38 EPS for the current fiscal year.

Institutional Trading of DuPont de Nemours

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd increased its position in DuPont de Nemours by 479.4% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company's stock valued at $28,000 after buying an additional 302 shares in the last quarter. Vermillion Wealth Management Inc. bought a new stake in DuPont de Nemours in the 4th quarter valued at about $28,000. JNBA Financial Advisors increased its position in DuPont de Nemours by 132.5% in the 1st quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company's stock valued at $28,000 after buying an additional 216 shares in the last quarter. Valley National Advisers Inc. increased its position in DuPont de Nemours by 145.0% in the 1st quarter. Valley National Advisers Inc. now owns 419 shares of the basic materials company's stock valued at $31,000 after buying an additional 248 shares in the last quarter. Finally, Covestor Ltd increased its position in DuPont de Nemours by 78.8% in the 4th quarter. Covestor Ltd now owns 447 shares of the basic materials company's stock valued at $34,000 after buying an additional 197 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.

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.