DuPont de Nemours (NYSE:DD – Get a rating) had its price target reduced by Credit Suisse Group equity analysts from $95.00 to $86.00 in a report on Wednesday, reports The Fly. Credit Suisse Group’s price target would point to a potential upside of 29.56% from the stock’s previous close.
A number of other research companies have also weighed in on DD recently. KeyCorp lowered its price target on DuPont de Nemours from $99.00 to $96.00 and set an “overweight” rating on the stock in a Tuesday, April 5 report. Morgan Stanley cut its price target on DuPont de Nemours shares from $98.00 to $93.00 and set an “equal weight” rating for the company in a Tuesday, Jan. 11 research note. Mizuho cut its price target on DuPont de Nemours shares from $101.00 to $97.00 in a research note on Wednesday. Wells Fargo & Company cut its price target on DuPont de Nemours stock from $99.00 to $83.00 and set an “overweight” rating for the company in a Thursday, April 14 research note. Finally, Deutsche Bank Aktiengesellschaft cut its price target on DuPont de Nemours shares from $90.00 to $80.00 in a research note on Wednesday. One analyst has assigned the stock a sell rating, three have issued a hold rating and fourteen have assigned the company a buy rating. According to data from MarketBeat, DuPont de Nemours currently has a consensus Buy rating and a consensus price target of $90.94.
NYSE DD opened at $66.38 on Wednesday. The company has a current ratio of 1.89, a quick ratio of 1.22 and a debt ratio of 0.39. The stock’s 50-day moving average is $72.21 and its two-hundred-day moving average is $76.10. The company has a market capitalization of $33.76 billion, a price/earnings ratio of 6.07, a PEG ratio of 2.11 and a beta of 1.39. DuPont de Nemours has a 1-year low of $64.35 and a 1-year high of $86.28.
DuPont de Nemours (NYSE:DD – Get Rating) last released quarterly earnings data on Tuesday, May 3. The basic materials company reported earnings per share of $0.82 for the quarter, beating consensus analyst estimates of $0.67 by $0.15. The company posted revenue of $3.27 billion for the quarter, versus a consensus estimate of $3.21 billion. DuPont de Nemours posted a return on equity of 8.29% and a net margin of 38.83%. The company’s quarterly revenue was down 17.7% year over year. In the same period a year earlier, the company had earned earnings per share of $0.91. On average, analysts predict that DuPont de Nemours will post 3.38 earnings per share for the current year.
DuPont de Nemours announced that its board of directors on Tuesday (February 8th) 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 repurchase plans are usually a sign that the company’s board believes its stock is undervalued.
Institutional investors have recently changed their stake in the company. Ibex Wealth Advisors purchased a new equity stake in DuPont de Nemours during Q3 for $25,000. Masso Torrence Wealth Management Inc. purchased a new equity stake in DuPont de Nemours during Q4 for $25,000. FSB Premier Wealth Management Inc. acquired a new position in DuPont de Nemours stock in Q4 worth $26,000. CarsonAllaria Wealth Management Ltd. acquired a new position in DuPont de Nemours stock in Q4 worth $26,000. Finally, First National Bank of South Miami acquired a new position in DuPont de Nemours stock in Q4 valued at $27,000. Institutional investors hold 73.33% of the company’s shares.
About DuPont de Nemours (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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