Brokerages Set DuPont de Nemours, Inc. (NYSE:DD) Target Price at $98.00

Shares of DuPont de Nemours, Inc. (NYSE:DD) have been assigned a consensus rating of “Moderate Buy” from the twelve research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $98.00.

Several research analysts have weighed in on the company. Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price on the stock in a research report on Friday, January 17th. BMO Capital Markets cut their price objective on shares of DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, January 16th. Royal Bank of Canada lifted their target price on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Barclays increased their price target on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Finally, StockNews.com raised shares of DuPont de Nemours from a “hold” rating to a “buy” rating in a research note on Tuesday, January 21st.

DuPont de Nemours Stock Performance

Shares of DD opened at $77.15 on Monday. DuPont de Nemours has a 52 week low of $63.62 and a 52 week high of $90.06. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28. The company has a market capitalization of $32.24 billion, a PE ratio of 40.60, a PEG ratio of 1.68 and a beta of 1.34. The company’s 50 day moving average price is $78.01 and its 200 day moving average price is $81.13.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15. The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.20 billion. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. DuPont de Nemours’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.92 earnings per share. Research analysts expect that DuPont de Nemours will post 3.91 EPS for the current fiscal year.

Hedge Funds Weigh In On DuPont de Nemours

Large investors have recently made changes to their positions in the business. State Street Corp grew its holdings in DuPont de Nemours by 2.4% in the 3rd quarter. State Street Corp now owns 16,983,109 shares of the basic materials company’s stock valued at $1,513,365,000 after buying an additional 399,728 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of DuPont de Nemours by 1.0% in the third quarter. Geode Capital Management LLC now owns 9,952,115 shares of the basic materials company’s stock worth $883,821,000 after acquiring an additional 100,198 shares during the last quarter. Franklin Resources Inc. increased its position in DuPont de Nemours by 9.8% during the third quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock worth $556,751,000 after acquiring an additional 570,703 shares during the period. Charles Schwab Investment Management Inc. raised its stake in DuPont de Nemours by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,777,478 shares of the basic materials company’s stock valued at $247,501,000 after purchasing an additional 39,189 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in DuPont de Nemours by 22.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,976,736 shares of the basic materials company’s stock valued at $176,147,000 after purchasing an additional 365,796 shares during the period. Institutional investors and hedge funds 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.