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

DuPont de Nemours (NYSE:DD) had its price objective raised by analysts at Barclays from $84.00 to $85.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has an “underweight” rating on the basic materials company’s stock. Barclays‘s target price would indicate a potential downside of 2.93% from the company’s current price.

A number of other research analysts have also weighed in on DD. Citigroup dropped their price objective on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a report on Friday, July 12th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Royal Bank of Canada increased their target price on shares of DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Finally, Morgan Stanley boosted their price target on DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $94.92.

DuPont de Nemours Price Performance

Shares of DD opened at $87.57 on Wednesday. The company has a market capitalization of $36.57 billion, a price-to-earnings ratio of 56.36, a price-to-earnings-growth ratio of 2.18 and a beta of 1.35. DuPont de Nemours has a fifty-two week low of $61.14 and a fifty-two week high of $90.06. The firm has a 50-day simple moving average of $84.15 and a 200-day simple moving average of $81.01. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 2.21.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DD. ESL Trust Services LLC acquired a new stake in shares of DuPont de Nemours during the 1st quarter worth about $26,000. Denver PWM LLC purchased a new position in shares of DuPont de Nemours during the second quarter valued at approximately $28,000. Strategic Investment Solutions Inc. IL acquired a new stake in DuPont de Nemours during the second quarter worth approximately $27,000. Fortitude Family Office LLC grew its stake in DuPont de Nemours by 46.6% in the 2nd quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 131 shares during the period. Finally, Ashton Thomas Securities LLC acquired a new position in DuPont de Nemours in the 3rd quarter valued at $38,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

About DuPont de Nemours

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.