UBS Group Boosts DuPont de Nemours (NYSE:DD) Price Target to $89.00

DuPont de Nemours (NYSE:DD - Get Free Report) had its target price lifted by investment analysts at UBS Group from $87.00 to $89.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the basic materials company's stock. UBS Group's target price would suggest a potential upside of 16.27% from the stock's previous close.

Several other brokerages have also weighed in on DD. Royal Bank Of Canada lowered their price objective on DuPont de Nemours from $101.00 to $90.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Mizuho lifted their price target on shares of DuPont de Nemours from $80.00 to $85.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. KeyCorp upped their price objective on DuPont de Nemours from $85.00 to $87.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. Morgan Stanley lowered their target price on shares of DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating for the company in a report on Monday, May 5th. Finally, Barclays reduced their price objective on DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 29th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $88.31.

DuPont de Nemours Stock Performance

Shares of NYSE:DD traded up $1.00 on Monday, hitting $76.55. 856,913 shares of the company were exchanged, compared to its average volume of 2,464,262. The stock's 50 day moving average price is $69.90 and its 200 day moving average price is $71.89. DuPont de Nemours has a 1-year low of $53.77 and a 1-year high of $90.06. The company has a current ratio of 1.40, a quick ratio of 0.91 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $32.04 billion, a P/E ratio of -403.33, a price-to-earnings-growth ratio of 2.14 and a beta of 1.04.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The basic materials company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.95 by $0.08. The company had revenue of $3.07 billion for the quarter, compared to analyst estimates 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 firm's revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the business earned $0.79 earnings per share. Sell-side analysts predict that DuPont de Nemours will post 4.38 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in DuPont de Nemours by 0.6% during the first quarter. Vanguard Group Inc. now owns 46,894,623 shares of the basic materials company's stock valued at $3,502,090,000 after buying an additional 298,408 shares in the last quarter. Nuveen LLC acquired a new stake in shares of DuPont de Nemours during the 1st quarter valued at approximately $531,037,000. Franklin Resources Inc. lifted its stake in DuPont de Nemours by 7.5% during the fourth quarter. Franklin Resources Inc. now owns 6,894,207 shares of the basic materials company's stock worth $525,683,000 after purchasing an additional 483,722 shares during the last quarter. Northern Trust Corp boosted its holdings in DuPont de Nemours by 16.3% in the fourth quarter. Northern Trust Corp now owns 4,931,816 shares of the basic materials company's stock worth $376,051,000 after purchasing an additional 690,218 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in DuPont de Nemours by 21.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,159,807 shares of the basic materials company's stock valued at $310,656,000 after purchasing an additional 746,364 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company's stock.

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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