DuPont de Nemours (NYSE:DD) Price Target Lowered to $101.00 at JPMorgan Chase & Co.

DuPont de Nemours (NYSE:DD) had its price target trimmed by JPMorgan Chase & Co. from $104.00 to $101.00 in a research note published on Wednesday,Benzinga reports. The brokerage currently has an overweight rating on the basic materials company’s stock.

DD has been the subject of several other research reports. Royal Bank of Canada raised their price objective on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Barclays raised their price target on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. StockNews.com cut DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Monday. Morgan Stanley raised their target price on shares of 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, Wells Fargo & Company boosted their target price on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.33.

DuPont de Nemours Trading Up 0.4 %

NYSE DD opened at $76.55 on Wednesday. DuPont de Nemours has a 52 week low of $61.14 and a 52 week high of $90.06. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28. The stock’s 50 day moving average price is $80.02 and its two-hundred day moving average price is $81.47. The stock has a market capitalization of $31.99 billion, a price-to-earnings ratio of 40.29, a PEG ratio of 1.53 and a beta of 1.35.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15. The business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.20 billion. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.92 earnings per share. As a group, analysts anticipate that DuPont de Nemours will post 3.91 earnings per share for the current fiscal year.

Hedge Funds Weigh In On DuPont de Nemours

A number of large investors have recently made changes to their positions in the company. Fortitude Family Office LLC grew its holdings in DuPont de Nemours by 32.0% in the 3rd quarter. Fortitude Family Office LLC now owns 544 shares of the basic materials company’s stock valued at $48,000 after buying an additional 132 shares in the last quarter. Focus Financial Network Inc. grew its stake in shares of DuPont de Nemours by 3.7% in the third quarter. Focus Financial Network Inc. now owns 3,973 shares of the basic materials company’s stock valued at $354,000 after acquiring an additional 143 shares in the last quarter. Busey Bank increased its position in DuPont de Nemours by 4.7% during the third quarter. Busey Bank now owns 3,243 shares of the basic materials company’s stock worth $289,000 after acquiring an additional 145 shares during the period. GHP Investment Advisors Inc. raised its stake in DuPont de Nemours by 15.7% in the 3rd quarter. GHP Investment Advisors Inc. now owns 1,104 shares of the basic materials company’s stock worth $98,000 after purchasing an additional 150 shares in the last quarter. Finally, Rathbones Group PLC boosted its holdings in DuPont de Nemours by 2.9% in the 2nd quarter. Rathbones Group PLC now owns 5,316 shares of the basic materials company’s stock valued at $428,000 after purchasing an additional 151 shares during the period. Institutional investors 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.