DuPont de Nemours (NYSE:DD) Given New $95.00 Price Target at Citigroup

DuPont de Nemours (NYSE:DD) had its price target upped by Citigroup from $88.00 to $95.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the basic materials company’s stock. Citigroup’s price target would indicate a potential upside of 14.31% from the stock’s previous close.

Several other analysts have also recently weighed in on the stock. StockNews.com cut shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Wednesday. Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price for the company in a research note on Friday, January 17th. Barclays upgraded DuPont de Nemours from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $85.00 to $89.00 in a research report on Thursday. Morgan Stanley increased their price target on DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Finally, Wells Fargo & Company reduced their price objective on shares of DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating on the stock in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, DuPont de Nemours has a consensus rating of “Moderate Buy” and an average price target of $98.75.

DuPont de Nemours Trading Up 1.6 %

NYSE DD traded up $1.35 on Thursday, reaching $83.11. 753,663 shares of the company were exchanged, compared to its average volume of 2,413,959. 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 fifty day moving average price is $77.53 and its 200 day moving average price is $81.09. The stock has a market capitalization of $34.74 billion, a P/E ratio of 43.74, a price-to-earnings-growth ratio of 1.70 and a beta of 1.34. DuPont de Nemours has a fifty-two week low of $66.60 and a fifty-two week high of $90.06.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, topping the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. Analysts forecast that DuPont de Nemours will post 3.91 earnings per share for the current year.

Institutional Investors Weigh In On DuPont de Nemours

Large investors have recently added to or reduced their stakes in the business. Hager Investment Management Services LLC acquired a new position in shares of DuPont de Nemours in the fourth quarter worth $26,000. Aster Capital Management DIFC Ltd raised its stake in shares of DuPont de Nemours by 479.4% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 302 shares in the last quarter. Byrne Asset Management LLC purchased a new position in DuPont de Nemours in the fourth quarter valued at $29,000. Vision Financial Markets LLC acquired a new position in DuPont de Nemours during the 4th quarter worth $31,000. Finally, Golden State Wealth Management LLC purchased a new stake in DuPont de Nemours during the 4th quarter worth about $33,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

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.