Citigroup Issues Positive Forecast for DuPont de Nemours (NYSE:DD) Stock Price

DuPont de Nemours (NYSE:DD) had its price objective increased by Citigroup from $88.00 to $95.00 in a research report report published on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the basic materials company’s stock.

A number of other brokerages have also issued reports on DD. Barclays raised DuPont de Nemours from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $85.00 to $89.00 in a research report on Thursday. BMO Capital Markets lifted their target price on DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a research note on Thursday. Wells Fargo & Company decreased their target price on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday. Wolfe Research upgraded DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price for the company in a research note on Friday, January 17th. Finally, StockNews.com downgraded DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, DuPont de Nemours has a consensus rating of “Moderate Buy” and a consensus price target of $98.75.

DuPont de Nemours Price Performance

Shares of NYSE:DD opened at $84.20 on Thursday. The business’s fifty day moving average price is $77.58 and its two-hundred day moving average price is $81.11. The stock has a market cap of $35.19 billion, a PE ratio of 44.31, a price-to-earnings-growth ratio of 1.70 and a beta of 1.34. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28. DuPont de Nemours has a one year low of $66.60 and a one year high of $90.06.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share 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%. On average, analysts forecast that DuPont de Nemours will post 3.91 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Level Four Advisory Services LLC increased its holdings in shares of DuPont de Nemours by 2.8% in the fourth quarter. Level Four Advisory Services LLC now owns 4,679 shares of the basic materials company’s stock valued at $357,000 after buying an additional 129 shares in the last quarter. Fortitude Family Office LLC increased its holdings in shares of DuPont de Nemours by 32.0% in the third quarter. Fortitude Family Office LLC now owns 544 shares of the basic materials company’s stock valued at $48,000 after buying an additional 132 shares in the last quarter. Lake Street Advisors Group LLC increased its holdings in shares of DuPont de Nemours by 3.2% in the fourth quarter. Lake Street Advisors Group LLC now owns 4,231 shares of the basic materials company’s stock valued at $323,000 after buying an additional 132 shares in the last quarter. Global Trust Asset Management LLC increased its holdings in shares of DuPont de Nemours by 1.5% in the fourth quarter. Global Trust Asset Management LLC now owns 9,227 shares of the basic materials company’s stock valued at $704,000 after buying an additional 133 shares in the last quarter. Finally, Avior Wealth Management LLC increased its holdings in shares of DuPont de Nemours by 22.7% in the fourth quarter. Avior Wealth Management LLC now owns 741 shares of the basic materials company’s stock valued at $57,000 after buying an additional 137 shares in the last quarter. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Company Profile

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.