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

DuPont de Nemours (NYSE:DD - Get Free Report) had its target price increased by Mizuho from $80.00 to $85.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an "outperform" rating on the basic materials company's stock. Mizuho's price objective points to a potential upside of 15.11% from the stock's current price.

A number of other brokerages also recently issued reports on DD. Citigroup raised their price objective on DuPont de Nemours from $75.00 to $85.00 and gave the stock a "buy" rating in a research report on Thursday, July 3rd. UBS Group raised their target price on DuPont de Nemours from $85.00 to $87.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Morgan Stanley decreased their target price on DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating for the company in a research note on Monday, May 5th. Bank of America raised DuPont de Nemours from an "underperform" rating to a "neutral" rating and decreased their target price for the stock from $80.00 to $75.00 in a research note on Tuesday, April 15th. Finally, Wells Fargo & Company raised their target price on DuPont de Nemours from $81.00 to $90.00 and gave the stock an "overweight" rating in a research note on Monday. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $88.15.

DuPont de Nemours Trading Down 0.3%

NYSE DD traded down $0.24 on Tuesday, hitting $73.84. The company's stock had a trading volume of 1,091,691 shares, compared to its average volume of 2,457,046. The company has a quick ratio of 0.91, a current ratio of 1.40 and a debt-to-equity ratio of 0.23. DuPont de Nemours has a 1-year low of $53.77 and a 1-year high of $90.06. The company's 50-day moving average is $69.37 and its 200 day moving average is $71.95. The firm has a market cap of $30.90 billion, a PE ratio of -389.71, a PEG ratio of 2.12 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 (EPS) for the quarter, beating 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 firm had revenue of $3.07 billion during the quarter, compared to analysts' expectations of $3.05 billion. During the same period in the prior year, the company posted $0.79 EPS. The company's revenue was up 4.6% on a year-over-year basis. As a group, analysts predict that DuPont de Nemours will post 4.38 earnings per share for the current fiscal year.

Institutional Trading of DuPont de Nemours

Several hedge funds have recently made changes to their positions in DD. Meridian Investment Counsel Inc. raised its stake in shares of DuPont de Nemours by 0.9% during the 2nd quarter. Meridian Investment Counsel Inc. now owns 41,542 shares of the basic materials company's stock valued at $2,849,000 after purchasing an additional 375 shares during the period. Old Port Advisors raised its stake in shares of DuPont de Nemours by 9.0% during the 2nd quarter. Old Port Advisors now owns 3,001 shares of the basic materials company's stock valued at $206,000 after purchasing an additional 249 shares during the period. Patton Fund Management Inc. bought a new stake in shares of DuPont de Nemours during the 2nd quarter valued at $230,000. ST Germain D J Co. Inc. raised its stake in shares of DuPont de Nemours by 4.2% during the 2nd quarter. ST Germain D J Co. Inc. now owns 5,338 shares of the basic materials company's stock valued at $366,000 after purchasing an additional 216 shares during the period. Finally, Jeppson Wealth Management LLC raised its stake in shares of DuPont de Nemours by 15.4% during the 2nd quarter. Jeppson Wealth Management LLC now owns 4,798 shares of the basic materials company's stock valued at $329,000 after purchasing an additional 639 shares during the period. 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.