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

DuPont de Nemours (NYSE:DD - Free Report) had its price objective boosted by Citigroup from $75.00 to $85.00 in a research note published on Thursday morning, Marketbeat.com reports. They currently have a buy rating on the basic materials company's stock.

Several other research analysts also recently weighed in on the company. Mizuho cut their price target on DuPont de Nemours from $100.00 to $80.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Bank of America upgraded shares of DuPont de Nemours from an "underperform" rating to a "neutral" rating and reduced their target price for the stock from $80.00 to $75.00 in a research note on Tuesday, April 15th. Royal Bank Of Canada dropped their price target on shares of DuPont de Nemours from $101.00 to $90.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. UBS Group raised their price objective on shares of DuPont de Nemours from $79.00 to $85.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Finally, KeyCorp boosted their target price 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. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $86.77.

DuPont de Nemours Stock Performance

Shares of NYSE DD traded up $0.85 during mid-day trading on Thursday, reaching $73.80. 2,263,916 shares of the company's stock were exchanged, compared to its average volume of 2,436,186. The firm has a 50-day moving average price of $67.96 and a two-hundred day moving average price of $72.14. 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 market capitalization of $30.89 billion, a price-to-earnings ratio of -388.42, a price-to-earnings-growth ratio of 2.07 and a beta of 1.04. DuPont de Nemours has a 52 week low of $53.77 and a 52 week high of $90.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its quarterly earnings data 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 negative net margin of 0.60% and a positive return on equity of 7.58%. 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 firm posted $0.79 earnings per share. The company's revenue for the quarter was up 4.6% on a year-over-year basis. Analysts predict that DuPont de Nemours will post 4.38 EPS for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend is Friday, August 29th. DuPont de Nemours's payout ratio is -863.16%.

Institutional Investors Weigh In On DuPont de Nemours

Hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC increased its stake in DuPont de Nemours by 19.6% in the fourth quarter. Brighton Jones LLC now owns 5,012 shares of the basic materials company's stock valued at $382,000 after acquiring an additional 822 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of DuPont de Nemours by 23.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,689 shares of the basic materials company's stock worth $280,000 after purchasing an additional 693 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of DuPont de Nemours during the 4th quarter valued at about $110,000. Plato Investment Management Ltd purchased a new position in shares of DuPont de Nemours during the 4th quarter valued at about $56,000. Finally, Steward Partners Investment Advisory LLC lifted its position in DuPont de Nemours by 4.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 22,352 shares of the basic materials company's stock worth $1,704,000 after buying an additional 977 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors.

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.