DuPont de Nemours (NYSE:DD) Upgraded at StockNews.com

StockNews.com upgraded shares of DuPont de Nemours (NYSE:DD) from a hold rating to a buy rating in a report released on Tuesday.

Several other brokerages have also recently weighed in on DD. Wells Fargo & Company lifted their price objective on DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Wolfe Research raised shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective for the company in a research report on Friday, January 17th. JPMorgan Chase & Co. decreased their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. BMO Capital Markets decreased their price target on DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, January 16th. Finally, Citigroup reduced their price objective on DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $98.00.

DuPont de Nemours Stock Performance

Shares of DuPont de Nemours stock opened at $78.17 on Tuesday. The firm has a market cap of $32.67 billion, a price-to-earnings ratio of 41.14, a price-to-earnings-growth ratio of 1.71 and a beta of 1.35. DuPont de Nemours has a one year low of $61.14 and a one year high of $90.06. The stock’s 50-day moving average is $79.11 and its 200-day moving average is $81.36. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49.

DuPont de Nemours (NYSE:DD) last posted its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same period in the previous year, the firm earned $0.92 EPS. The firm’s revenue was up 4.4% compared to the same quarter last year. Equities analysts predict that DuPont de Nemours will post 3.91 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL bought a new position in DuPont de Nemours during the second quarter worth about $27,000. Quarry LP purchased a new position in DuPont de Nemours in the 2nd quarter valued at approximately $37,000. R Squared Ltd bought a new stake in DuPont de Nemours during the 4th quarter valued at $37,000. Ashton Thomas Securities LLC purchased a new stake in shares of DuPont de Nemours during the third quarter worth $38,000. Finally, FSA Wealth Management LLC bought a new position in shares of DuPont de Nemours in the third quarter worth $39,000. Institutional investors 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.