Wells Fargo & Company Has Lowered Expectations for DuPont de Nemours (NYSE:DD) Stock Price

DuPont de Nemours (NYSE:DD) had its target price decreased by investment analysts at Wells Fargo & Company from $105.00 to $81.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the basic materials company’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 34.03% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Barclays upgraded shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $85.00 to $89.00 in a report on Thursday, February 13th. JPMorgan Chase & Co. reduced their target price on shares of DuPont de Nemours from $101.00 to $76.00 and set an “overweight” rating for the company in a research report on Tuesday. Citigroup decreased their price target on shares of DuPont de Nemours from $95.00 to $74.00 and set a “buy” rating on the stock in a research note on Tuesday. Royal Bank of Canada dropped their price objective on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Finally, UBS Group increased their target price on shares of DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, DuPont de Nemours has an average rating of “Moderate Buy” and a consensus target price of $93.33.

DuPont de Nemours Stock Performance

NYSE DD traded up $5.30 on Wednesday, hitting $60.43. 2,707,012 shares of the stock were exchanged, compared to its average volume of 2,820,078. The company has a market capitalization of $25.26 billion, a PE ratio of 36.19, a P/E/G ratio of 2.15 and a beta of 1.25. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. The business’s fifty day moving average is $76.46 and its 200 day moving average is $79.79. DuPont de Nemours has a 52 week low of $53.77 and a 52 week 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 (EPS) for the quarter, beating 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%. Research analysts anticipate that DuPont de Nemours will post 4.38 EPS for the current fiscal year.

Institutional Investors Weigh In On DuPont de Nemours

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank bought a new stake in DuPont de Nemours during the 4th quarter worth $146,605,000. Marshall Wace LLP boosted its holdings in DuPont de Nemours by 228.8% in the fourth quarter. Marshall Wace LLP now owns 1,471,730 shares of the basic materials company’s stock valued at $112,219,000 after acquiring an additional 1,024,075 shares during the last quarter. Prudential Financial Inc. increased its position in shares of DuPont de Nemours by 337.5% during the fourth quarter. Prudential Financial Inc. now owns 1,278,583 shares of the basic materials company’s stock worth $97,492,000 after buying an additional 986,366 shares during the period. Assenagon Asset Management S.A. boosted its position in DuPont de Nemours by 431.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,058,446 shares of the basic materials company’s stock valued at $80,707,000 after acquiring an additional 859,333 shares during the last quarter. Finally, Schroder Investment Management Group grew its stake in DuPont de Nemours by 194.7% during the fourth 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 during the period. 73.96% of the stock is owned by institutional investors.

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.