Deutsche Bank Aktiengesellschaft Cuts DuPont de Nemours (NYSE:DD) Price Target to $46.00

DuPont de Nemours (NYSE:DD) had its price objective reduced by analysts at Deutsche Bank Aktiengesellschaft from $90.00 to $46.00 in a report issued on Tuesday,MarketScreener reports. The brokerage currently has a “buy” rating on the basic materials company’s stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 19.51% from the stock’s previous close.

A number of other analysts have also commented on DD. Weiss Ratings restated a “sell (d+)” rating on shares of DuPont de Nemours in a research note on Wednesday, November 19th. BMO Capital Markets dropped their price target on DuPont de Nemours from $104.00 to $50.00 and set an “outperform” rating for the company in a research note on Monday, November 3rd. JPMorgan Chase & Co. dropped their target price on shares of DuPont de Nemours from $104.00 to $48.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 11th. Wells Fargo & Company dropped their target price on DuPont de Nemours from $100.00 to $50.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. Finally, Royal Bank Of Canada decreased their price objective on shares of DuPont de Nemours from $100.00 to $48.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 18th. Ten research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $42.88.

DuPont de Nemours Trading Up 0.1%

Shares of DD stock traded up $0.02 on Tuesday, reaching $38.49. The company had a trading volume of 265,888 shares, compared to its average volume of 7,169,486. DuPont de Nemours has a 12 month low of $22.50 and a 12 month high of $41.23. The stock has a market cap of $16.13 billion, a PE ratio of -82.00, a PEG ratio of 2.49 and a beta of 1.11. The company has a current ratio of 1.41, a quick ratio of 0.94 and a debt-to-equity ratio of 0.23. The company has a 50-day moving average of $34.85 and a 200-day moving average of $31.81.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Monday, July 11th. The basic materials company reported $0.29 EPS for the quarter. The business had revenue of $3.02 billion for the quarter. DuPont de Nemours had a negative net margin of 1.54% and a positive return on equity of 7.85%. On average, equities analysts forecast that DuPont de Nemours will post 4.38 earnings per share for the current year.

DuPont de Nemours announced that its board has approved a share buyback plan on Thursday, November 6th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the basic materials company to buy up to 12.2% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Insider Transactions at DuPont de Nemours

In other news, SVP Steven P. Larrabee sold 103,267 shares of the company’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $32.29, for a total value of $3,334,357.49. Following the transaction, the senior vice president owned 92,218 shares of the company’s stock, valued at $2,977,599.61. This represents a 52.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 177,357 shares of company stock worth $5,714,857 over the last ninety days. 0.61% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Obermeyer Wealth Partners increased its stake in shares of DuPont de Nemours by 73.6% during the 2nd quarter. Obermeyer Wealth Partners now owns 25,159 shares of the basic materials company’s stock worth $1,726,000 after purchasing an additional 10,663 shares in the last quarter. Prospera Financial Services Inc increased its position in shares of DuPont de Nemours by 19.1% in the 2nd quarter. Prospera Financial Services Inc now owns 94,434 shares of the basic materials company’s stock worth $6,477,000 after purchasing an additional 15,144 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of DuPont de Nemours by 15.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 756,907 shares of the basic materials company’s stock valued at $56,526,000 after purchasing an additional 99,667 shares in the last quarter. KBC Group NV lifted its position in shares of DuPont de Nemours by 10.4% during the second quarter. KBC Group NV now owns 81,254 shares of the basic materials company’s stock worth $5,573,000 after purchasing an additional 7,684 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its position in shares of DuPont de Nemours by 33.8% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 524,356 shares of the basic materials company’s stock worth $35,966,000 after acquiring an additional 132,427 shares in the last quarter. 73.96% of the stock is owned by hedge funds and other 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.