DuPont de Nemours, Inc. (NYSE:DD) Receives Consensus Recommendation of “Moderate Buy” from Analysts

DuPont de Nemours, Inc. (NYSE:DDGet Free Report) has received a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $95.25.

Several research analysts recently commented on DD shares. Morgan Stanley increased their target price 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. Royal Bank of Canada increased their target price on shares of DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Barclays increased 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. StockNews.com cut shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Monday. Finally, Citigroup reduced their target price on shares of DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating for the company in a report on Wednesday, December 18th.

Check Out Our Latest Analysis on DD

Hedge Funds Weigh In On DuPont de Nemours

A number of hedge funds have recently bought and sold shares of DD. Strategic Investment Solutions Inc. IL bought a new position in DuPont de Nemours during the second quarter worth about $27,000. Quarry LP bought a new position in DuPont de Nemours during the second quarter worth about $37,000. Ashton Thomas Securities LLC bought a new position in DuPont de Nemours during the third quarter worth about $38,000. FSA Wealth Management LLC bought a new position in DuPont de Nemours during the third quarter worth about $39,000. Finally, True Wealth Design LLC increased its position in DuPont de Nemours by 2,378.9% during the third quarter. True Wealth Design LLC now owns 471 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 452 shares during the period. 73.96% of the stock is owned by institutional investors.

DuPont de Nemours Stock Up 2.4 %

DuPont de Nemours stock opened at $74.42 on Thursday. The stock has a market capitalization of $31.10 billion, a PE ratio of 39.17, a price-to-earnings-growth ratio of 1.95 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 company has a 50 day moving average of $80.23 and a 200-day moving average of $81.51.

DuPont de Nemours (NYSE:DDGet Free Report) last released its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.15. The company had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.20 billion. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.92 earnings per share. On average, equities research analysts anticipate that DuPont de Nemours will post 3.89 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.04%. The ex-dividend date was Friday, November 29th. DuPont de Nemours’s payout ratio is presently 80.00%.

About DuPont de Nemours

(Get Free Report

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.

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Analyst Recommendations for DuPont de Nemours (NYSE:DD)

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