Brokerages Set DuPont de Nemours, Inc. (NYSE:DD) Target Price at $95.00

Shares of DuPont de Nemours, Inc. (NYSE:DD) have received an average rating of “Moderate Buy” from the twelve ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $95.00.

A number of equities research analysts recently commented on DD shares. UBS Group increased their price target on DuPont de Nemours from $93.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Royal Bank of Canada upped their price target on shares of DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. BMO Capital Markets upgraded shares of DuPont de Nemours from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $83.00 to $96.00 in a research report on Thursday, May 23rd. Citigroup reduced their target price on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. Finally, Barclays boosted their price objective on shares of DuPont de Nemours from $81.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 28th.

DuPont de Nemours Stock Performance

Shares of NYSE:DD opened at $79.14 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.21 and a quick ratio of 1.44. The business’s fifty day moving average price is $80.32 and its two-hundred day moving average price is $77.82. DuPont de Nemours has a fifty-two week low of $61.14 and a fifty-two week high of $85.12. The stock has a market capitalization of $33.09 billion, a price-to-earnings ratio of 96.51, a price-to-earnings-growth ratio of 2.23 and a beta of 1.33.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.12. The business had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.05 billion. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the company posted $0.85 EPS. As a group, analysts predict that DuPont de Nemours will post 3.74 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.92%. The ex-dividend date is Friday, August 30th. DuPont de Nemours’s payout ratio is presently 185.37%.

Hedge Funds Weigh In On DuPont de Nemours

Institutional investors and hedge funds have recently modified their holdings of the business. Northwest Financial Advisors bought a new position in DuPont de Nemours in the fourth quarter valued at approximately $25,000. Palisade Asset Management LLC bought a new stake in DuPont de Nemours in the 1st quarter valued at $25,000. ESL Trust Services LLC acquired a new position in DuPont de Nemours in the 1st quarter worth $26,000. Denver PWM LLC bought a new position in DuPont de Nemours during the 2nd quarter worth about $28,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of DuPont de Nemours in the 2nd quarter valued at about $27,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

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.