DuPont de Nemours (NYSE:DD) Price Target Raised to $90.00

DuPont de Nemours (NYSE:DD - Get Free Report) had its price objective upped by analysts at Wells Fargo & Company from $81.00 to $90.00 in a report issued on Monday,Benzinga reports. The firm presently has an "overweight" rating on the basic materials company's stock. Wells Fargo & Company's price target suggests a potential upside of 20.42% from the stock's previous close.

DD has been the topic of several other reports. KeyCorp boosted their price objective on shares of DuPont de Nemours from $85.00 to $87.00 and gave the company an "overweight" rating in a report on Monday. Morgan Stanley cut their price target on shares of DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Monday, May 5th. Barclays cut their price target on shares of DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 29th. Bank of America raised DuPont de Nemours from an "underperform" rating to a "neutral" rating and lowered their price target for the company from $80.00 to $75.00 in a report on Tuesday, April 15th. Finally, Royal Bank Of Canada lowered 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. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $87.77.

DuPont de Nemours Price Performance

DuPont de Nemours stock opened at $74.74 on Monday. DuPont de Nemours has a 1 year low of $53.77 and a 1 year high of $90.06. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.91 and a current ratio of 1.40. The company's fifty day moving average price is $69.00 and its 200 day moving average price is $71.94. The stock has a market capitalization of $31.28 billion, a P/E ratio of -393.77, a P/E/G ratio of 2.14 and a beta of 1.04.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $3.07 billion for the quarter, compared to analysts' expectations of $3.05 billion. DuPont de Nemours had a negative net margin of 0.60% and a positive return on equity of 7.58%. The company's revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 EPS. As a group, equities research analysts anticipate that DuPont de Nemours will post 4.38 earnings per share for the current fiscal year.

Institutional Investors Weigh In On DuPont de Nemours

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Aster Capital Management DIFC Ltd lifted its holdings in DuPont de Nemours by 479.4% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company's stock worth $28,000 after acquiring an additional 302 shares in the last quarter. Vermillion Wealth Management Inc. acquired a new stake in DuPont de Nemours during the fourth quarter worth approximately $28,000. JNBA Financial Advisors grew its position in DuPont de Nemours by 132.5% during the first quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company's stock worth $28,000 after buying an additional 216 shares in the last quarter. Valley National Advisers Inc. grew its position in DuPont de Nemours by 145.0% during the first quarter. Valley National Advisers Inc. now owns 419 shares of the basic materials company's stock worth $31,000 after buying an additional 248 shares in the last quarter. Finally, Covestor Ltd grew its position in DuPont de Nemours by 78.8% during the fourth quarter. Covestor Ltd now owns 447 shares of the basic materials company's stock worth $34,000 after buying an additional 197 shares in the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

About DuPont de Nemours

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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