Shares of DuPont de Nemours, Inc. (NYSE: DD – Get Rating) received a consensus “buy” recommendation from the seventeen research firms that currently cover the company, Marketbeat Ratings reports. One analyst rated the stock with a sell rating, three issued a hold rating and nine assigned the company a buy rating. The 12-month average price target among brokers who have reported on the stock in the past year is $90.07.
Several research companies have commented on DD. Deutsche Bank Aktiengesellschaft lowered its price target on DuPont de Nemours shares from $90.00 to $80.00 in a Wednesday, May 4, report. Mizuho lowered its price target on DuPont de Nemours shares from $101.00 to $97.00 in a Wednesday, May 4 research note. Wells Fargo & Company lowered its price target on DuPont de Nemours stock from $99.00 to $83.00 and set an “overweight” rating on the stock in a Thursday, April 14 research note. Bank of America raised its price target on DuPont de Nemours shares from $93.00 to $94.00 and gave the company a “buy” rating in a Wednesday, Feb. 9 research note. Finally, Barclays raised its price target on DuPont de Nemours shares from $84.00 to $88.00 and gave the company an “equal weight” rating in a Wednesday, Feb. 9 research note.
Several institutional investors have recently increased or reduced their stake in the company. Rehmann Capital Advisory Group increased its position in DuPont de Nemours shares by 0.6% in the 1st quarter. Rehmann Capital Advisory Group now owns 67,764 shares of the basic materials company worth $4,986,000 after buying 403 additional shares in the last quarter. Walleye Capital LLC bought a new stake in DuPont de Nemours in the first quarter worth $379,000. Fortitude Advisory Group LLC increased its position in DuPont de Nemours by 6.6% in the first quarter. Fortitude Advisory Group LLC now owns 2,536 shares of the basic materials company valued at $187,000 after acquiring 158 additional shares in the last quarter. M Holdings Securities Inc. bought a new stake in DuPont de Nemours in the first quarter worth $322,000. Finally, Reynolds Investment Management Inc. acquired a new stake in DuPont de Nemours in the first quarter at a value of $949,000. 73.33% of the shares are held by institutional investors and hedge funds.
NYSE DD traded at $1.90 during Friday’s trading, hitting $66.92. The stock recorded a trading volume of 2,481,361 shares, compared to an average volume of 3,165,945 shares. The company has a debt ratio of 0.40, a quick ratio of 2.38 and a current ratio of 2.82. The stock has a market capitalization of $34.03 billion, a price/earnings ratio of 22.38, a P/E/G ratio of 2.18 and a beta of 1.39. DuPont de Nemours has a 1-year low of $62.10 and a 1-year high of $86.28. The stock has a 50-day simple moving average of $68.06 and a 200-day simple moving average of $74.54.
DuPont de Nemours (NYSE:DD – Get Rating) last released its quarterly results on Tuesday, May 3. The basic materials company reported earnings per share of $0.82 for the quarter, beating the consensus estimate of $0.67 by $0.15. The company posted revenue of $3.27 billion in the quarter, versus a consensus estimate of $3.21 billion. DuPont de Nemours posted a net margin of 9.79% and a return on equity of 7.88%. The company’s revenue was down 17.7% year over year. In the same quarter a year earlier, the company posted earnings per share of $0.91. On average, sell-side analysts predict that DuPont de Nemours will post 3.4 EPS for the current year.
DuPont de Nemours said its board of directors on Tuesday (February 8) approved a stock repurchase plan that allows the company to repurchase $1.00 billion in stock. This repurchase authorization allows the basic materials company to repurchase up to 2.4% of its shares through purchases on the open market. Stock buyback plans are usually a sign that a company’s management believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 15. Shareholders of record on Tuesday, May 31 will receive a dividend of $0.33. The ex-dividend date is Friday, May 27. This represents an annualized dividend of $1.32 and a yield of 1.97%. DuPont de Nemours’ payout ratio is currently 44.15%.
DuPont de Nemours Company Profile (Get a rating)
DuPont de Nemours, Inc provides materials and technology solutions in the United States, Canada, Asia-Pacific, Latin America, Europe, the Middle East and Africa. It operates through three segments: Electronics & Industrial, Mobility & Materials, and Water & Protection. The Electronics & Industrial segment provides printing materials and systems to the advanced printing industry; and materials and solutions for semiconductor and integrated circuit manufacturing addressing the front-end and back-end of the manufacturing process.
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