DuPont de Nemours (NYSE:DD) Price Target Raised to $107.00 at Wells Fargo & Company

DuPont de Nemours (NYSE:DD) had its target price lifted by analysts at Wells Fargo & Company from $105.00 to $107.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the basic materials company’s stock. Wells Fargo & Company‘s price target points to a potential upside of 25.09% from the stock’s current price.

DD has been the subject of several other research reports. Royal Bank of Canada upped their price objective on shares of DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft increased their price target on shares of DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Citigroup cut their target price on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a research note on Friday, July 12th. Morgan Stanley upped their price objective on DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Finally, Barclays lifted their target price on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $95.25.

DuPont de Nemours Stock Performance

Shares of NYSE:DD traded down $0.13 on Wednesday, reaching $85.54. 851,494 shares of the company’s stock were exchanged, compared to its average volume of 2,489,708. DuPont de Nemours has a twelve month low of $61.14 and a twelve month high of $90.06. The company has a fifty day moving average of $84.15 and a 200-day moving average of $81.01. The company has a market capitalization of $35.73 billion, a price-to-earnings ratio of 56.55, a PEG ratio of 2.18 and a beta of 1.35. The company has a current ratio of 2.21, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15. The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.20 billion. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.92 earnings per share. On average, research analysts predict that DuPont de Nemours will post 3.76 EPS for the current fiscal year.

Institutional Trading of DuPont de Nemours

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC raised its holdings in DuPont de Nemours by 236.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 40,612 shares of the basic materials company’s stock worth $3,269,000 after purchasing an additional 28,553 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in DuPont de Nemours by 9.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 598,483 shares of the basic materials company’s stock valued at $42,953,000 after buying an additional 53,694 shares during the period. Canandaigua National Bank & Trust Co. bought a new stake in DuPont de Nemours during the second quarter valued at $1,610,000. Cetera Investment Advisers grew its holdings in DuPont de Nemours by 186.5% during the 1st quarter. Cetera Investment Advisers now owns 87,364 shares of the basic materials company’s stock worth $6,698,000 after acquiring an additional 56,870 shares during the period. Finally, Appian Way Asset Management LP bought a new position in shares of DuPont de Nemours in the 2nd quarter worth about $2,978,000. 73.96% of the stock is currently 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.