DuPont de Nemours (NYSE:DD) Given New $88.00 Price Target at Citigroup

DuPont de Nemours (NYSE:DD) had its price target lowered by Citigroup from $92.00 to $88.00 in a research note issued to investors on Monday.

Several other analysts have also issued reports on DD. Morgan Stanley increased their target price on DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Barclays raised their price objective on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. BMO Capital Markets reduced their price objective on DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, January 16th. Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective on the stock in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. reduced their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, DuPont de Nemours has a consensus rating of “Moderate Buy” and a consensus target price of $97.42.

DuPont de Nemours Stock Performance

DD opened at $76.25 on Monday. The firm has a market cap of $31.87 billion, a P/E ratio of 40.13, a price-to-earnings-growth ratio of 1.70 and a beta of 1.34. DuPont de Nemours has a 52-week low of $66.10 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 business’s fifty day moving average is $77.57 and its 200-day moving average is $81.07.

Hedge Funds Weigh In On DuPont de Nemours

Several large investors have recently bought and sold shares of the company. State Street Corp raised its position in DuPont de Nemours by 2.4% in the third quarter. State Street Corp now owns 16,983,109 shares of the basic materials company’s stock valued at $1,513,365,000 after purchasing an additional 399,728 shares during the last quarter. Geode Capital Management LLC raised its position in shares of DuPont de Nemours by 1.0% during 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. raised its position in shares of 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 last quarter. Charles Schwab Investment Management Inc. raised its position in shares of DuPont de Nemours by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company’s stock worth $218,730,000 after acquiring an additional 91,108 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of DuPont de Nemours by 22.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,976,736 shares of the basic materials company’s stock worth $176,147,000 after acquiring an additional 365,796 shares during the last quarter. 73.96% of the stock is currently 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.