DuPont de Nemours (NYSE:DD) Upgraded by Wolfe Research to “Outperform” Rating

DuPont de Nemours (NYSE:DD) was upgraded by analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating in a report released on Friday, Marketbeat.com reports. The firm currently has a $91.00 price objective on the basic materials company’s stock. Wolfe Research’s price objective would suggest a potential upside of 17.42% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. JPMorgan Chase & Co. cut their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Wednesday. Barclays raised their price target on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Royal Bank of Canada raised their price target on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. StockNews.com lowered DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Finally, Citigroup lowered their price objective on DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, DuPont de Nemours has an average rating of “Moderate Buy” and a consensus target price of $98.00.

DuPont de Nemours Stock Performance

NYSE:DD opened at $77.50 on Friday. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. DuPont de Nemours has a 12-month low of $61.14 and a 12-month high of $90.06. The stock has a 50-day moving average price of $79.53 and a 200 day moving average price of $81.41. The stock has a market capitalization of $32.39 billion, a P/E ratio of 40.79, a P/E/G ratio of 1.53 and a beta of 1.35.

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

Institutional Investors Weigh In On DuPont de Nemours

A number of institutional investors and hedge funds have recently modified their holdings of the business. Strategic Investment Solutions Inc. IL bought a new stake in DuPont de Nemours during the 2nd quarter valued at $27,000. Quarry LP bought a new stake in DuPont de Nemours during the 2nd quarter valued at $37,000. Ashton Thomas Securities LLC bought a new stake in DuPont de Nemours during the 3rd quarter valued at $38,000. FSA Wealth Management LLC bought a new stake in DuPont de Nemours during the 3rd quarter valued at $39,000. Finally, True Wealth Design LLC raised its position in DuPont de Nemours by 2,378.9% during the 3rd quarter. True Wealth Design LLC now owns 471 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 452 shares in the last quarter. 73.96% of the stock is owned by institutional investors.

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.