Wolfe Research Upgrades DuPont de Nemours (NYSE:DD) to “Outperform”

Wolfe Research upgraded shares of DuPont de Nemours (NYSE:DD) from a peer perform rating to an outperform rating in a report published on Friday morning, Marketbeat reports. Wolfe Research currently has $91.00 target price on the basic materials company’s stock.

Several other brokerages also recently issued reports on DD. Citigroup cut their price target on shares of DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating for the company in a report on Wednesday, December 18th. Royal Bank of Canada increased their price target on DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Wells Fargo & Company lifted their price objective on DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. StockNews.com cut DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Finally, Morgan Stanley upped their price target on shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $98.00.

DuPont de Nemours Trading Up 1.1 %

DD stock opened at $77.50 on Friday. DuPont de Nemours has a 1-year low of $61.14 and a 1-year high of $90.06. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. The business’s 50 day moving average is $79.53 and its 200-day moving average is $81.39. The firm has a market cap of $32.39 billion, a P/E ratio of 40.79, a P/E/G ratio of 1.53 and a beta of 1.35.

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

Institutional Investors Weigh In On DuPont de Nemours

Several institutional investors have recently modified their holdings of DD. Strategic Investment Solutions Inc. IL bought a new position in DuPont de Nemours in the second quarter valued at approximately $27,000. Ashton Thomas Securities LLC acquired a new position in shares of DuPont de Nemours in the 3rd quarter valued at $38,000. FSA Wealth Management LLC bought a new position in shares of DuPont de Nemours in the 3rd quarter worth $39,000. Quarry LP acquired a new stake in shares of DuPont de Nemours during the second quarter worth $37,000. Finally, True Wealth Design LLC increased its holdings in DuPont de Nemours by 2,378.9% in the third quarter. True Wealth Design LLC now owns 471 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 452 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

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.