DuPont de Nemours (NYSE:DD) Given New $112.00 Price Target at BMO Capital Markets

DuPont de Nemours (NYSE:DD) had its target price lifted by BMO Capital Markets from $105.00 to $112.00 in a research note issued to investors on Thursday morning,Benzinga reports. The firm currently has an outperform rating on the basic materials company’s stock.

DD has been the topic of a number of other reports. Royal Bank of Canada dropped their price objective on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Monday. Wells Fargo & Company lowered 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 research report on Wednesday. Wolfe Research raised shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective on the stock in a research report on Friday, January 17th. Morgan Stanley lifted 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. Finally, JPMorgan Chase & Co. reduced their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $98.75.

DuPont de Nemours Price Performance

Shares of NYSE:DD opened at $84.20 on Thursday. The firm has a 50 day simple moving average of $77.58 and a 200 day simple moving average of $81.11. The company has a market cap of $35.19 billion, a price-to-earnings ratio of 44.31, a PEG ratio of 1.70 and a beta of 1.34. DuPont de Nemours has a one year low of $66.60 and a one year high of $90.06. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. Research analysts predict 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 hedge funds and other institutional investors have recently bought and sold shares of DD. Hager Investment Management Services LLC bought a new stake in shares of DuPont de Nemours in the 4th quarter worth approximately $26,000. Aster Capital Management DIFC Ltd lifted its holdings in shares of DuPont de Nemours by 479.4% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 302 shares during the last quarter. Byrne Asset Management LLC bought a new stake in shares of DuPont de Nemours in the 4th quarter worth approximately $29,000. Vision Financial Markets LLC bought a new stake in shares of DuPont de Nemours in the 4th quarter worth approximately $31,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of DuPont de Nemours in the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors 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.