StockNews.com Upgrades DuPont de Nemours (NYSE:DD) to Buy

DuPont de Nemours (NYSE:DD) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Tuesday.

DD has been the topic of a number of other reports. Royal Bank of Canada increased their target price on DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Barclays raised their price objective on shares of DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Morgan Stanley upped 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 research note on Monday, October 21st. Citigroup reduced their target price on shares of DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating on the stock in a report on Wednesday, December 18th. Finally, Wells Fargo & Company boosted their price target on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $95.25.

DuPont de Nemours Stock Up 0.5 %

Shares of DD opened at $77.25 on Tuesday. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29. DuPont de Nemours has a 52 week low of $61.14 and a 52 week high of $90.06. The stock’s 50-day moving average price is $82.46 and its 200-day moving average price is $81.95. The company has a market capitalization of $32.29 billion, a price-to-earnings ratio of 40.66, a PEG ratio of 1.97 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.15. The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.20 billion. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same period last year, the firm posted $0.92 earnings per share. On average, sell-side analysts predict that DuPont de Nemours will post 3.89 EPS for the current year.

Institutional Trading of DuPont de Nemours

Hedge funds have recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL acquired a new position in DuPont de Nemours during the second quarter worth approximately $27,000. Denver PWM LLC acquired a new stake in shares of DuPont de Nemours during the 2nd quarter worth $28,000. Quarry LP purchased a new position in shares of DuPont de Nemours in the 2nd quarter worth $37,000. Ashton Thomas Securities LLC purchased a new position in shares of DuPont de Nemours in the 3rd quarter worth $38,000. Finally, FSA Wealth Management LLC acquired a new position in DuPont de Nemours during the third quarter valued at approximately $39,000. 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.