Royal Bank Of Canada Forecasts Strong Price Appreciation for DuPont de Nemours (NYSE:DD) Stock

Key Points

• Royal Bank of Canada has increased its price target for DuPont de Nemours from $93.00 to $94.00, indicating a potential upside of 34.09% from the current stock price.
• Multiple analysts, including KeyCorp and Wells Fargo, have also raised their price targets for DuPont, with a consensus price target of $88.25 and a rating of "Moderate Buy."
• DuPont reported a 1.12 EPS for the last quarter, exceeding estimates, with revenues up 2.7% year-over-year, signaling a positive trend despite current market fluctuations.

DuPont de Nemours (NYSE:DD - Get Free Report) had its price target hoisted by stock analysts at Royal Bank Of Canada from $93.00 to $94.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an "outperform" rating on the basic materials company's stock. Royal Bank Of Canada's price objective would suggest a potential upside of 34.09% from the stock's current price.

Other equities analysts have also recently issued research reports about the stock. KeyCorp boosted their price target on shares of DuPont de Nemours from $87.00 to $92.00 and gave the company an "overweight" rating in a research report on Wednesday. UBS Group boosted their price target on shares of DuPont de Nemours from $87.00 to $89.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Wells Fargo & Company boosted their price target on shares of DuPont de Nemours from $81.00 to $90.00 and gave the company an "overweight" rating in a research report on Monday, July 14th. Mizuho raised their target price on shares of DuPont de Nemours from $80.00 to $85.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Finally, Citigroup raised their target price on shares of DuPont de Nemours from $75.00 to $85.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, DuPont de Nemours has a consensus rating of "Moderate Buy" and a consensus price target of $88.25.

DuPont de Nemours Trading Down 1.1%

Shares of NYSE:DD traded down $0.78 during midday trading on Friday, hitting $70.10. 1,434,398 shares of the stock traded hands, compared to its average volume of 2,954,842. The stock has a market capitalization of $29.35 billion, a PE ratio of -149.02, a P/E/G ratio of 1.96 and a beta of 1.06. The business's 50 day moving average is $71.22 and its two-hundred day moving average is $71.76. The company has a quick ratio of 0.91, a current ratio of 1.41 and a debt-to-equity ratio of 0.23. 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 firm 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 1.54% and a positive return on equity of 7.85%. The company's quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.97 earnings per share. As a group, research analysts forecast that DuPont de Nemours will post 4.38 earnings per share for the current year.

Institutional Investors Weigh In On DuPont de Nemours

Large investors have recently added to or reduced their stakes in the stock. Ritholtz Wealth Management raised its holdings in DuPont de Nemours by 48.8% in the 1st quarter. Ritholtz Wealth Management now owns 4,462 shares of the basic materials company's stock worth $333,000 after purchasing an additional 1,464 shares during the period. Sequoia Financial Advisors LLC raised its holdings in DuPont de Nemours by 334.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 256,053 shares of the basic materials company's stock worth $19,122,000 after purchasing an additional 197,115 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in shares of DuPont de Nemours by 6.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 80,385 shares of the basic materials company's stock valued at $6,003,000 after purchasing an additional 4,995 shares during the period. Oppenheimer & Co. Inc. raised its position in shares of DuPont de Nemours by 11.8% during the 1st quarter. Oppenheimer & Co. Inc. now owns 54,489 shares of the basic materials company's stock valued at $4,069,000 after purchasing an additional 5,751 shares during the period. Finally, Summit Trail Advisors LLC raised its position in shares of DuPont de Nemours by 37.4% during the 1st quarter. Summit Trail Advisors LLC now owns 23,923 shares of the basic materials company's stock valued at $1,787,000 after purchasing an additional 6,509 shares during the period. Institutional investors own 73.96% of the company's stock.

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.

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