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

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

DD has been the topic of a number of other research reports. Royal Bank of Canada boosted their target price on shares of DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Citigroup lowered their target price on DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating for the company in a report on Wednesday, December 18th. 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 research note on Monday, October 21st. Wells Fargo & Company raised their price objective on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Finally, Barclays boosted their target price on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, DuPont de Nemours presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.25.

DuPont de Nemours Price Performance

DuPont de Nemours stock opened at $76.88 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28. DuPont de Nemours has a 52 week low of $61.14 and a 52 week high of $90.06. The stock has a market capitalization of $32.13 billion, a P/E ratio of 40.46, a price-to-earnings-growth ratio of 1.97 and a beta of 1.34. The stock has a fifty day moving average of $82.97 and a 200-day moving average of $82.03.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in DD. Strategic Investment Solutions Inc. IL bought a new stake in DuPont de Nemours in the second quarter worth approximately $27,000. Denver PWM LLC acquired a new position in shares of DuPont de Nemours during the 2nd quarter valued at $28,000. Quarry LP acquired a new stake in DuPont de Nemours in the second quarter worth $37,000. Ashton Thomas Securities LLC bought a new stake in DuPont de Nemours in the third quarter valued at $38,000. Finally, FSA Wealth Management LLC acquired a new position in shares of DuPont de Nemours during the third quarter valued at about $39,000. 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.