DuPont de Nemours (NYSE:DD) Lowered to “Hold” Rating by StockNews.com

DuPont de Nemours (NYSE:DD) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

A number of other brokerages have also commented on DD. Wells Fargo & Company lifted their price objective 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 upped their target price on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Royal Bank of Canada raised their price target on DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Barclays upped their price target 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. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $95.42.

DuPont de Nemours Stock Up 0.9 %

NYSE DD opened at $83.54 on Tuesday. The stock’s 50 day simple moving average is $84.19 and its 200 day simple moving average is $82.12. DuPont de Nemours has a one year low of $61.14 and a one year high of $90.06. The firm has a market cap of $34.92 billion, a PE ratio of 43.97, a price-to-earnings-growth ratio of 1.99 and a beta of 1.34. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49.

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

Hedge Funds Weigh In On DuPont de Nemours

Large investors have recently modified their holdings of the business. Jennison Associates LLC increased its holdings in DuPont de Nemours by 2.0% during the third quarter. Jennison Associates LLC now owns 491,028 shares of the basic materials company’s stock worth $43,756,000 after buying an additional 9,730 shares during the last quarter. Appian Way Asset Management LP acquired a new position in shares of DuPont de Nemours during the 2nd quarter worth about $2,978,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of DuPont de Nemours by 42.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 92,611 shares of the basic materials company’s stock valued at $7,454,000 after purchasing an additional 27,476 shares during the period. Oppenheimer & Co. Inc. lifted its stake in DuPont de Nemours by 38.4% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 36,082 shares of the basic materials company’s stock valued at $3,215,000 after purchasing an additional 10,012 shares during the last quarter. Finally, KBC Group NV grew its holdings in DuPont de Nemours by 17.6% during the third quarter. KBC Group NV now owns 73,765 shares of the basic materials company’s stock worth $6,573,000 after purchasing an additional 11,019 shares during the period. 73.96% of the stock is currently 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.