JPMorgan Chase & Co. Has Lowered Expectations for DuPont de Nemours (NYSE:DD) Stock Price

DuPont de Nemours (NYSE:DD) had its target price reduced by equities research analysts at JPMorgan Chase & Co. from $101.00 to $76.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the basic materials company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 32.88% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. StockNews.com cut DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Wells Fargo & Company decreased their target price on shares of DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Royal Bank of Canada lowered their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. BMO Capital Markets boosted their price target on DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Finally, Citigroup raised their price objective on DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Three 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 data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $97.08.

DuPont de Nemours Stock Down 1.0 %

NYSE:DD traded down $0.59 during trading hours on Tuesday, hitting $57.19. The company’s stock had a trading volume of 1,947,798 shares, compared to its average volume of 2,297,087. DuPont de Nemours has a 52-week low of $54.32 and a 52-week high of $90.06. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $23.91 billion, a P/E ratio of 34.33, a price-to-earnings-growth ratio of 2.15 and a beta of 1.25. The stock has a fifty day moving average of $77.33 and a 200-day moving average of $80.17.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, topping the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. On average, equities analysts forecast that DuPont de Nemours will post 4.38 earnings per share for the current year.

Institutional Trading of DuPont de Nemours

Several hedge funds have recently added to or reduced their stakes in DD. Norges Bank acquired a new position in shares of DuPont de Nemours during the fourth quarter valued at approximately $146,605,000. Marshall Wace LLP boosted its holdings in DuPont de Nemours by 228.8% during the fourth quarter. Marshall Wace LLP now owns 1,471,730 shares of the basic materials company’s stock worth $112,219,000 after buying an additional 1,024,075 shares in the last quarter. Prudential Financial Inc. increased its holdings in shares of DuPont de Nemours by 337.5% in the fourth quarter. Prudential Financial Inc. now owns 1,278,583 shares of the basic materials company’s stock valued at $97,492,000 after buying an additional 986,366 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of DuPont de Nemours by 431.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,058,446 shares of the basic materials company’s stock worth $80,707,000 after acquiring an additional 859,333 shares in the last quarter. Finally, Schroder Investment Management Group increased its stake in DuPont de Nemours by 194.7% in the 4th quarter. Schroder Investment Management Group now owns 1,145,108 shares of the basic materials company’s stock worth $86,971,000 after purchasing an additional 756,604 shares in the last quarter. Institutional investors own 73.96% of the company’s stock.

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.