Mizuho Initiates Coverage on DuPont de Nemours (NYSE:DD)

Analysts at Mizuho began coverage on shares of DuPont de Nemours (NYSE:DD) in a report released on Tuesday, PriceTargets.com reports. The firm set a “buy” rating and a $94.00 price target on the basic materials company’s stock. Mizuho’s price target points to a potential upside of 34.94% from the stock’s current price.

Several other equities research analysts have also recently weighed in on the company. Citigroup increased their price target on DuPont de Nemours from $96.00 to $102.00 and gave the company a “buy” rating in a research note on Wednesday, August 4th. KeyCorp reaffirmed a “buy” rating and set a $93.00 target price on shares of DuPont de Nemours in a research note on Thursday, September 16th. Wells Fargo & Company raised their target price on DuPont de Nemours from $95.00 to $97.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 13th. JPMorgan Chase & Co. raised DuPont de Nemours from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $84.00 to $85.00 in a research note on Monday, October 4th. They noted that the move was a valuation call. Finally, TheStreet upgraded DuPont de Nemours from a “d+” rating to a “c” rating in a report on Tuesday, August 3rd. Eleven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $88.39.

Shares of DD opened at $69.66 on Tuesday. DuPont de Nemours has a 12-month low of $55.22 and a 12-month high of $87.27. The business has a 50-day simple moving average of $71.97 and a two-hundred day simple moving average of $76.52. The company has a quick ratio of 1.99, a current ratio of 2.66 and a debt-to-equity ratio of 0.39. The stock has a market cap of $36.44 billion, a PE ratio of 6.97, a PEG ratio of 1.54 and a beta of 1.50.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Tuesday, August 3rd. The basic materials company reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.12. DuPont de Nemours had a return on equity of 7.42% and a net margin of 32.59%. The business had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter in the prior year, the firm earned $0.70 EPS. The business’s revenue for the quarter was up 25.7% compared to the same quarter last year. On average, equities research analysts expect that DuPont de Nemours will post 4.14 EPS for the current year.

In other news, insider Rose Lee sold 26,448 shares of DuPont de Nemours stock in a transaction on Tuesday, August 24th. The stock was sold at an average price of $74.37, for a total value of $1,966,937.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Luther C. Iv Kissam purchased 5,000 shares of DuPont de Nemours stock in a transaction dated Thursday, August 5th. The stock was bought at an average price of $75.94 per share, with a total value of $379,700.00. The disclosure for this purchase can be found here. Company insiders own 0.24% of the company’s stock.

A number of large investors have recently bought and sold shares of DD. JNBA Financial Advisors boosted its stake in DuPont de Nemours by 98.2% during the second quarter. JNBA Financial Advisors now owns 323 shares of the basic materials company’s stock valued at $25,000 after buying an additional 160 shares during the period. Newton One Investments LLC bought a new stake in DuPont de Nemours during the second quarter valued at $26,000. Benson Investment Management Company Inc. bought a new stake in DuPont de Nemours during the second quarter valued at $27,000. Alaethes Wealth LLC bought a new stake in DuPont de Nemours during the second quarter valued at $27,000. Finally, Corsicana & Co. bought a new stake in DuPont de Nemours during the third quarter valued at $29,000. 70.55% of the stock is owned by institutional investors.

About DuPont de Nemours

DuPont de Nemours, Inc operates as a holding company, which engages in the development of specialty materials, chemicals, and agricultural products. It operates through the following segments: Electronics & Imaging, Nutrition & Biosciences, Transportation & Industrial, Safety & Construction, and Non-Core.

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Analyst Recommendations for DuPont de Nemours (NYSE:DD)

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