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.
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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