Wells Fargo & Company Has Lowered Expectations for DuPont de Nemours (NYSE:DD) Stock Price

DuPont de Nemours (NYSE:DD) had its price objective decreased by analysts at Wells Fargo & Company from $107.00 to $105.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the basic materials company’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 28.93% from the company’s previous close.

Several other research firms have also weighed in on DD. Wolfe Research upgraded shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective on the stock in a research note on Friday, January 17th. BMO Capital Markets dropped their price target on shares of DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, January 16th. Citigroup cut their price objective on DuPont de Nemours from $92.00 to $88.00 in a report on Monday. Morgan Stanley boosted their target price on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Finally, JPMorgan Chase & Co. cut their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, DuPont de Nemours presently has an average rating of “Moderate Buy” and a consensus target price of $97.25.

DuPont de Nemours Stock Performance

Shares of DuPont de Nemours stock opened at $81.44 on Wednesday. The stock has a market cap of $34.04 billion, a PE ratio of 42.86, a price-to-earnings-growth ratio of 1.70 and a beta of 1.34. DuPont de Nemours has a 12 month low of $66.10 and a 12 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 business has a fifty day simple moving average of $77.54 and a 200-day simple moving average of $81.08.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. On average, sell-side analysts anticipate that DuPont de Nemours will post 3.91 EPS for the current fiscal year.

Institutional Trading of DuPont de Nemours

A number of institutional investors and hedge funds have recently modified their holdings of DD. Ritholtz Wealth Management acquired a new stake in DuPont de Nemours in the 3rd quarter valued at approximately $227,000. Exchange Traded Concepts LLC boosted its position in shares of DuPont de Nemours by 793.2% in the third quarter. Exchange Traded Concepts LLC now owns 1,045 shares of the basic materials company’s stock valued at $93,000 after acquiring an additional 928 shares during the period. Creative Planning grew its stake in shares of DuPont de Nemours by 1.1% in the third quarter. Creative Planning now owns 105,327 shares of the basic materials company’s stock worth $9,386,000 after acquiring an additional 1,161 shares during the last quarter. First United Bank & Trust increased its position in DuPont de Nemours by 6.1% during the third quarter. First United Bank & Trust now owns 5,470 shares of the basic materials company’s stock worth $487,000 after acquiring an additional 313 shares during the period. Finally, Asset Dedication LLC raised its stake in DuPont de Nemours by 14.8% during the 3rd quarter. Asset Dedication LLC now owns 24,889 shares of the basic materials company’s stock valued at $2,218,000 after purchasing an additional 3,213 shares during the last quarter. 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.