Royal Bank of Canada Cuts DuPont de Nemours (NYSE:DD) Price Target to $101.00

DuPont de Nemours (NYSE:DD) had its price target cut by Royal Bank of Canada from $104.00 to $101.00 in a report published on Monday morning. They currently have an overweight rating on the basic materials company’s stock.

A number of other equities research analysts also recently commented on the company. StockNews.com raised DuPont de Nemours from a “hold” rating to a “buy” rating in a research report on Tuesday, January 21st. BMO Capital Markets lowered their price target on DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, January 16th. Morgan Stanley boosted their price target on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Citigroup lowered their price target on DuPont de Nemours from $92.00 to $88.00 in a research report on Monday. Finally, Barclays boosted their price target on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $97.25.

DuPont de Nemours Price Performance

Shares of NYSE:DD opened at $81.78 on Monday. The company has a market cap of $34.18 billion, a P/E ratio of 43.04, a P/E/G ratio of 1.70 and a beta of 1.34. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29. DuPont de Nemours has a 52 week low of $66.10 and a 52 week high of $90.06. The business has a fifty day simple moving average of $77.53 and a 200-day simple moving average of $81.09.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. Equities research analysts forecast that DuPont de Nemours will post 3.91 EPS for the current year.

Institutional Investors Weigh In On DuPont de Nemours

Institutional investors and hedge funds have recently modified their holdings of the stock. CWM LLC lifted its stake in shares of DuPont de Nemours by 37.2% in the third quarter. CWM LLC now owns 30,967 shares of the basic materials company’s stock worth $2,759,000 after acquiring an additional 8,394 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of DuPont de Nemours by 389.4% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,142 shares of the basic materials company’s stock worth $280,000 after acquiring an additional 2,500 shares in the last quarter. Gateway Investment Advisers LLC acquired a new position in shares of DuPont de Nemours in the third quarter worth about $205,000. Ritholtz Wealth Management acquired a new position in shares of DuPont de Nemours in the third quarter worth about $227,000. Finally, Exchange Traded Concepts LLC lifted its stake in shares of DuPont de Nemours by 793.2% in the third quarter. Exchange Traded Concepts LLC now owns 1,045 shares of the basic materials company’s stock worth $93,000 after acquiring an additional 928 shares in the last quarter. Hedge funds and other 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.