DuPont de Nemours (NYSE:DD) Now Covered by Analysts at StockNews.com

Analysts at StockNews.com started coverage on shares of DuPont de Nemours (NYSE:DD – Get Rating) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the basic materials company’s stock.

Several other research analysts have also weighed in on the company. Mizuho upped their target price on DuPont de Nemours from $83.00 to $85.00 and gave the stock a “buy” rating in a research report on Wednesday, February 8th. Citigroup increased their target price on DuPont de Nemours from $82.00 to $89.00 and gave the company a “buy” rating in a research note on Wednesday, February 8th. Argus increased their target price on DuPont de Nemours from $76.00 to $81.00 in a research note on Monday, November 28th. Barclays increased their target price on DuPont de Nemours from $71.00 to $80.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 8th. Finally, Royal Bank of Canada upped their price target on DuPont de Nemours from $85.00 to $92.00 and gave the company an “outperform” rating in a report on Thursday, February 9th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $81.14.

DuPont de Nemours Stock Down 3.5 %

Shares of NYSE:DD opened at $67.84 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.40 and a current ratio of 3.02. The company has a market cap of $31.09 billion, a PE ratio of 5.69, a price-to-earnings-growth ratio of 2.12 and a beta of 1.42. DuPont de Nemours has a 52 week low of $49.52 and a 52 week high of $78.98. The firm has a 50 day simple moving average of $73.67 and a 200 day simple moving average of $65.76.

DuPont de Nemours (NYSE:DD – Get Rating) last issued its quarterly earnings results on Tuesday, February 7th. The basic materials company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.79 by $0.10. The business had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.09 billion. DuPont de Nemours had a net margin of 44.54% and a return on equity of 6.45%. The firm’s quarterly revenue was down 27.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.08 EPS. As a group, research analysts expect that DuPont de Nemours will post 3.75 earnings per share for the current year.

Institutional Trading of DuPont de Nemours

Institutional investors and hedge funds have recently modified their holdings of the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in DuPont de Nemours by 10.7% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 330,614 shares of the basic materials company’s stock worth $16,663,000 after purchasing an additional 31,943 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in DuPont de Nemours by 1.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 212,353 shares of the basic materials company’s stock worth $10,798,000 after purchasing an additional 2,633 shares in the last quarter. SG Americas Securities LLC increased its stake in DuPont de Nemours by 159.4% during the 3rd quarter. SG Americas Securities LLC now owns 56,089 shares of the basic materials company’s stock worth $2,827,000 after purchasing an additional 34,465 shares in the last quarter. CIBC Asset Management Inc increased its stake in DuPont de Nemours by 7.2% during the 3rd quarter. CIBC Asset Management Inc now owns 71,255 shares of the basic materials company’s stock worth $3,591,000 after purchasing an additional 4,806 shares in the last quarter. Finally, D.A. Davidson & CO. increased its stake in DuPont de Nemours by 2.3% during the 3rd quarter. D.A. Davidson & CO. now owns 37,864 shares of the basic materials company’s stock worth $1,909,000 after purchasing an additional 859 shares in the last quarter. 71.91% of the stock is owned by institutional investors.

DuPont de Nemours Company Profile

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DuPont de Nemours, Inc operates as a holding company engaged in the development of specialty materials, chemicals, and agricultural products. It operates through the following segments: Electronics & Industrial, Water & Protection, and Corporate & Others. The Electronics & Industrial segment supplies differentiated materials and systems for a broad range of consumer electronics including mobile devices, television monitors, personal computers and electronics used in a variety of industries.