Analysts Set DuPont de Nemours, Inc. (NYSE:DD) Target Price at $95.42

Shares of DuPont de Nemours, Inc. (NYSE:DD) have been assigned a consensus rating of “Moderate Buy” from the thirteen brokerages that are currently covering the stock, Marketbeat reports. Two equities research analysts have 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 brokers that have covered the stock in the last year is $95.42.

Several equities analysts have recently issued reports on the company. Royal Bank of Canada boosted their target price on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Morgan Stanley upped their price objective on shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Wells Fargo & Company lifted their target price on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. 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 cut DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Tuesday, December 10th.

DuPont de Nemours Trading Up 0.1 %

Shares of DD opened at $80.13 on Friday. The stock has a market capitalization of $33.49 billion, a P/E ratio of 42.17, a PEG ratio of 1.97 and a beta of 1.34. DuPont de Nemours has a twelve month low of $61.14 and a twelve 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 firm has a fifty day simple moving average of $83.50 and a two-hundred day simple moving average of $82.10.

DuPont de Nemours (NYSE:DD) last posted its 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. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The company had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same period in the prior year, the business posted $0.92 earnings per share. DuPont de Nemours’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, research analysts anticipate that DuPont de Nemours will post 3.89 EPS for the current year.

DuPont de Nemours Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend was Friday, November 29th. DuPont de Nemours’s dividend payout ratio (DPR) is 80.00%.

Institutional Trading of DuPont de Nemours

Institutional investors have recently bought and sold shares of the company. Denver PWM LLC purchased a new stake in DuPont de Nemours during the 2nd quarter valued at $28,000. Strategic Investment Solutions Inc. IL bought a new position in shares of DuPont de Nemours during the second quarter valued at $27,000. Ashton Thomas Securities LLC purchased a new stake in shares of DuPont de Nemours during the third quarter valued at $38,000. FSA Wealth Management LLC bought a new stake in DuPont de Nemours in the 3rd quarter worth about $39,000. Finally, Quarry LP bought a new stake in shares of DuPont de Nemours in the second quarter worth approximately $37,000. 73.96% of the stock is owned by hedge funds and other 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.