Royal Bank Of Canada Reiterates "Outperform" Rating for DuPont de Nemours (NYSE:DD)

Key Points

• Royal Bank of Canada has restated its "outperform" rating for DuPont de Nemours with a price target of $94.00, suggesting a potential upside of 20.27% from its current stock price.
• Other analysts have also increased their price targets for DuPont, with Wells Fargo raising it to $90.00, while Citigroup and KeyCorp set theirs at $85.00 and $92.00, respectively.
• DuPont reported quarterly earnings of $1.12 per share, exceeding analyst estimates and demonstrating a 2.7% annual revenue growth.

DuPont de Nemours (NYSE:DD - Get Free Report)'s stock had its "outperform" rating reaffirmed by Royal Bank Of Canada in a note issued to investors on Friday,Benzinga reports. They presently have a $94.00 price target on the basic materials company's stock. Royal Bank Of Canada's price target indicates a potential upside of 20.01% from the company's current price.

A number of other research firms have also recently issued reports on DD. UBS Group lifted their target price on shares of DuPont de Nemours from $87.00 to $89.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Citigroup lifted their price objective on DuPont de Nemours from $75.00 to $85.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. Wells Fargo & Company increased their target price on DuPont de Nemours from $81.00 to $90.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. KeyCorp lifted their price target on DuPont de Nemours from $87.00 to $92.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Finally, Mizuho increased their price objective on shares of DuPont de Nemours from $80.00 to $85.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, DuPont de Nemours presently has an average rating of "Moderate Buy" and an average price target of $88.33.

DuPont de Nemours Price Performance

NYSE:DD traded up $0.23 during trading hours on Friday, reaching $78.33. The company had a trading volume of 4,730,410 shares, compared to its average volume of 2,931,690. The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.23. The stock has a 50-day moving average of $75.05 and a two-hundred day moving average of $70.87. DuPont de Nemours has a one year low of $53.77 and a one year high of $90.06. The firm has a market capitalization of $32.80 billion, a PE ratio of -166.66, a PEG ratio of 1.95 and a beta of 1.07.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.06. The company had revenue of $3.26 billion during the quarter, compared to analysts' expectations of $3.23 billion. DuPont de Nemours had a positive return on equity of 7.85% and a negative net margin of 1.54%.The business's revenue was up 2.7% on a year-over-year basis. During the same period last year, the business earned $0.97 earnings per share. DuPont de Nemours has set its FY 2025 guidance at 4.400-4.400 EPS. Q3 2025 guidance at 1.150-1.150 EPS. Analysts forecast that DuPont de Nemours will post 4.38 earnings per share for the current year.

Insider Transactions at DuPont de Nemours

In other DuPont de Nemours news, SVP Steven P. Larrabee sold 43,208 shares of DuPont de Nemours stock in a transaction on Monday, September 15th. The shares were sold at an average price of $77.17, for a total transaction of $3,334,361.36. Following the completion of the sale, the senior vice president owned 38,585 shares of the company's stock, valued at approximately $2,977,604.45. The trade was a 52.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 74,208 shares of company stock valued at $5,714,861 over the last quarter. 0.61% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On DuPont de Nemours

A number of institutional investors have recently made changes to their positions in DD. AdvisorNet Financial Inc lifted its stake in DuPont de Nemours by 3.0% in the second quarter. AdvisorNet Financial Inc now owns 4,641 shares of the basic materials company's stock valued at $318,000 after buying an additional 134 shares during the period. Sagespring Wealth Partners LLC increased its stake in shares of DuPont de Nemours by 3.9% in the 2nd quarter. Sagespring Wealth Partners LLC now owns 3,729 shares of the basic materials company's stock valued at $256,000 after acquiring an additional 140 shares during the last quarter. Princeton Global Asset Management LLC raised its position in shares of DuPont de Nemours by 64.4% in the 2nd quarter. Princeton Global Asset Management LLC now owns 365 shares of the basic materials company's stock valued at $25,000 after acquiring an additional 143 shares during the period. Summit Financial LLC boosted its stake in DuPont de Nemours by 3.7% during the 1st quarter. Summit Financial LLC now owns 4,077 shares of the basic materials company's stock worth $304,000 after acquiring an additional 146 shares during the last quarter. Finally, NORTHSTAR ASSET MANAGEMENT Co grew its holdings in DuPont de Nemours by 3.8% during the second quarter. NORTHSTAR ASSET MANAGEMENT Co now owns 4,090 shares of the basic materials company's stock valued at $281,000 after purchasing an additional 150 shares during the period. 73.96% of the stock is owned by institutional investors and hedge funds.

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.