DuPont de Nemours (NYSE:DD) Rating Lowered to “Hold” at StockNews.com

DuPont de Nemours (NYSE:DD) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

A number of other equities research analysts also recently commented on DD. Morgan Stanley lifted their target price on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Citigroup reduced their target price on DuPont de Nemours from $92.00 to $88.00 in a research report on Monday. JPMorgan Chase & Co. reduced their target price on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. Wells Fargo & Company cut their price objective on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, BMO Capital Markets cut their price objective on DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, January 16th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, DuPont de Nemours currently has an average rating of “Moderate Buy” and a consensus target price of $98.75.

DuPont de Nemours Stock Up 3.0 %

Shares of DD opened at $84.20 on Wednesday. DuPont de Nemours has a 12 month low of $66.60 and a 12 month high of $90.06. The firm has a market cap of $35.19 billion, a P/E ratio of 44.31, a PEG ratio of 1.70 and a beta of 1.34. 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 stock’s 50 day moving average is $77.58 and its two-hundred day moving average is $81.11.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates 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 predict that DuPont de Nemours will post 3.91 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DD. CANADA LIFE ASSURANCE Co boosted its position in shares of DuPont de Nemours by 4.2% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 403,020 shares of the basic materials company’s stock worth $30,719,000 after acquiring an additional 16,235 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in shares of DuPont de Nemours by 6.4% during the 4th quarter. Canada Pension Plan Investment Board now owns 1,172,700 shares of the basic materials company’s stock worth $89,418,000 after acquiring an additional 70,400 shares in the last quarter. Marshall Wace LLP boosted its position in shares of DuPont de Nemours by 228.8% during the 4th quarter. Marshall Wace LLP now owns 1,471,730 shares of the basic materials company’s stock worth $112,219,000 after acquiring an additional 1,024,075 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of DuPont de Nemours by 11.8% during the 4th quarter. NewEdge Advisors LLC now owns 33,136 shares of the basic materials company’s stock worth $2,527,000 after acquiring an additional 3,509 shares in the last quarter. Finally, Insigneo Advisory Services LLC boosted its position in shares of DuPont de Nemours by 3.3% during the 4th quarter. Insigneo Advisory Services LLC now owns 5,350 shares of the basic materials company’s stock worth $408,000 after acquiring an additional 170 shares in the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

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.