DuPont de Nemours (NYSE:DD) Rating Lowered to Hold at StockNews.com

DuPont de Nemours (NYSE:DD) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Monday.

A number of other equities research analysts also recently issued reports on DD. Barclays increased their target price on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Citigroup reduced their price objective on DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating for the company in a research report on Wednesday, December 18th. Wells Fargo & Company upped their target price on DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Morgan Stanley lifted their price target on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Finally, Royal Bank of Canada increased their price objective on DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.25.

DuPont de Nemours Stock Performance

Shares of DuPont de Nemours stock opened at $75.31 on Monday. DuPont de Nemours has a 12 month low of $61.14 and a 12 month high of $90.06. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29. The stock has a market cap of $31.48 billion, a PE ratio of 39.64, a price-to-earnings-growth ratio of 1.95 and a beta of 1.35. The business has a fifty day simple moving average of $80.02 and a 200-day simple moving average of $81.47.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15. The firm had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.20 billion. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the company posted $0.92 EPS. On average, sell-side analysts anticipate that DuPont de Nemours will post 3.89 EPS for the current fiscal year.

Institutional Investors Weigh In On DuPont de Nemours

Several hedge funds and other institutional investors have recently made changes to their positions in DD. Strategic Investment Solutions Inc. IL acquired a new position in DuPont de Nemours during the 2nd quarter valued at $27,000. Ashton Thomas Securities LLC bought a new position in shares of DuPont de Nemours during the 3rd quarter worth about $38,000. FSA Wealth Management LLC acquired a new position in shares of DuPont de Nemours during the third quarter valued at about $39,000. Quarry LP bought a new stake in shares of DuPont de Nemours in the second quarter valued at about $37,000. Finally, True Wealth Design LLC grew its position in DuPont de Nemours by 2,378.9% during the third quarter. True Wealth Design LLC now owns 471 shares of the basic materials company’s stock worth $42,000 after buying an additional 452 shares in the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

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.