Barclays Increases DuPont de Nemours (NYSE:DD) Price Target to $85.00

DuPont de Nemours (NYSE:DD) had its price target hoisted by investment analysts at Barclays from $84.00 to $85.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an “underweight” rating on the basic materials company’s stock. Barclays‘s price target would suggest a potential downside of 1.84% from the stock’s previous close.

DD has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft upped their price target on DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Citigroup lowered their target price on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research note on Friday, July 12th. Morgan Stanley increased their target price on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Finally, Royal Bank of Canada boosted their price objective on DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.42.

DuPont de Nemours Stock Performance

Shares of NYSE DD opened at $86.59 on Wednesday. The stock has a market cap of $36.17 billion, a PE ratio of 56.97, a price-to-earnings-growth ratio of 2.16 and a beta of 1.35. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.21 and a quick ratio of 1.44. The firm has a fifty day moving average price of $84.25 and a 200-day moving average price of $81.12. DuPont de Nemours has a 1 year low of $61.14 and a 1 year high of $90.06.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the previous year, the company posted $0.92 EPS. The company’s revenue was up 4.4% compared to the same quarter last year. Equities analysts anticipate that DuPont de Nemours will post 3.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Legal & General Group Plc grew its holdings in DuPont de Nemours by 0.7% in the second quarter. Legal & General Group Plc now owns 3,863,144 shares of the basic materials company’s stock valued at $310,945,000 after purchasing an additional 25,857 shares during the period. Mondrian Investment Partners LTD grew its stake in shares of DuPont de Nemours by 9.5% during the 1st quarter. Mondrian Investment Partners LTD now owns 1,799,860 shares of the basic materials company’s stock valued at $137,995,000 after buying an additional 156,339 shares during the period. Canada Pension Plan Investment Board increased its holdings in shares of DuPont de Nemours by 34.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 1,542,045 shares of the basic materials company’s stock worth $118,229,000 after buying an additional 391,400 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of DuPont de Nemours by 403.2% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,421,685 shares of the basic materials company’s stock worth $109,001,000 after buying an additional 1,139,156 shares during the period. Finally, Swiss National Bank grew its position in DuPont de Nemours by 0.3% during the third quarter. Swiss National Bank now owns 1,240,973 shares of the basic materials company’s stock valued at $110,583,000 after acquiring an additional 3,200 shares during the period. 73.96% of the stock is currently 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.