DuPont de Nemours (NYSE:DD) PT Lowered to $71.00 at Royal Bank of Canada

DuPont de Nemours (NYSE:DDGet Rating) had its price target lowered by equities research analysts at Royal Bank of Canada from $75.00 to $71.00 in a research note issued on Friday, The Fly reports. Royal Bank of Canada’s target price would indicate a potential upside of 35.26% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. Citigroup raised their price objective on DuPont de Nemours from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, August 8th. Deutsche Bank Aktiengesellschaft lowered their target price on DuPont de Nemours from $80.00 to $70.00 in a report on Wednesday, August 3rd. Bank of America lowered their target price on DuPont de Nemours from $77.00 to $73.00 in a report on Wednesday, July 13th. Morgan Stanley lowered their target price on DuPont de Nemours from $93.00 to $72.00 and set an “equal weight” rating for the company in a report on Wednesday, August 3rd. Finally, Credit Suisse Group lowered their target price on DuPont de Nemours from $81.00 to $77.00 and set an “outperform” rating for the company in a report on Wednesday, August 3rd. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, DuPont de Nemours has a consensus rating of “Moderate Buy” and a consensus price target of $78.73.

DuPont de Nemours Price Performance

Shares of DD opened at $52.49 on Friday. DuPont de Nemours has a 1 year low of $52.21 and a 1 year high of $85.16. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.55 and a quick ratio of 2.12. The company has a market capitalization of $26.29 billion, a price-to-earnings ratio of 14.42, a price-to-earnings-growth ratio of 1.71 and a beta of 1.43. The business has a 50-day moving average of $57.91 and a 200-day moving average of $63.20.

DuPont de Nemours (NYSE:DDGet Rating) last issued its quarterly earnings data on Tuesday, August 2nd. The basic materials company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.14. DuPont de Nemours had a return on equity of 7.54% and a net margin of 12.35%. The company had revenue of $3.32 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same period last year, the company earned $1.06 earnings per share. The firm’s revenue was down 19.7% compared to the same quarter last year. As a group, equities research analysts anticipate that DuPont de Nemours will post 3.35 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of DD. Massachusetts Financial Services Co. MA boosted its position in DuPont de Nemours by 9.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 21,062,765 shares of the basic materials company’s stock worth $1,549,799,000 after purchasing an additional 1,846,889 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of DuPont de Nemours by 38.9% in the first quarter. Bank of New York Mellon Corp now owns 6,426,494 shares of the basic materials company’s stock valued at $472,862,000 after buying an additional 1,798,499 shares during the period. Bank of Montreal Can raised its stake in shares of DuPont de Nemours by 178.7% in the second quarter. Bank of Montreal Can now owns 1,935,467 shares of the basic materials company’s stock valued at $111,627,000 after buying an additional 1,240,994 shares during the period. Waverton Investment Management Ltd raised its stake in shares of DuPont de Nemours by 1,269.3% in the first quarter. Waverton Investment Management Ltd now owns 1,195,591 shares of the basic materials company’s stock valued at $87,972,000 after buying an additional 1,108,274 shares during the period. Finally, Nuveen Asset Management LLC raised its stake in shares of DuPont de Nemours by 10.1% in the fourth quarter. Nuveen Asset Management LLC now owns 8,574,015 shares of the basic materials company’s stock valued at $692,609,000 after buying an additional 784,566 shares during the period. Hedge funds and other institutional investors own 72.43% of the company’s stock.

DuPont de Nemours Company Profile

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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 three segments: Electronics & Industrial, Mobility & Materials, and Water & Protection. The Electronics & Industrial segment supplies materials and printing systems to the advanced printing industry; and materials and solutions for the fabrication of semiconductors and integrated circuits addressing front-end and back-end of the manufacturing process.

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