DuPont de Nemours (NYSE:DD) Upgraded to Outperform at Wolfe Research

DuPont de Nemours (NYSE:DD) was upgraded by analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating in a note issued to investors on Friday,Finviz reports. The firm currently has a $91.00 price objective on the basic materials company’s stock. Wolfe Research’s price target suggests a potential upside of 18.74% from the company’s current price.

Several other equities analysts also recently issued reports on DD. Royal Bank of Canada upped their target price on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. 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. Barclays lifted their target price on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Morgan Stanley increased 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 report on Monday, October 21st. Finally, StockNews.com lowered shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $98.00.

DuPont de Nemours Price Performance

Shares of NYSE DD opened at $76.64 on Friday. DuPont de Nemours has a fifty-two week low of $61.14 and a fifty-two week high of $90.06. The company has a market cap of $32.03 billion, a PE ratio of 40.34, a P/E/G ratio of 1.53 and a beta of 1.35. 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 business has a 50-day simple moving average of $79.66 and a two-hundred day simple moving average of $81.40.

DuPont de Nemours (NYSE:DD) last released its earnings results 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. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The company had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same period last year, the business earned $0.92 EPS. DuPont de Nemours’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, equities analysts expect that DuPont de Nemours will post 3.91 EPS for the current fiscal year.

Institutional Investors Weigh In On DuPont de Nemours

Several hedge funds have recently modified their holdings of the company. Fortitude Family Office LLC lifted its holdings in DuPont de Nemours by 32.0% during the third quarter. Fortitude Family Office LLC now owns 544 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 132 shares in the last quarter. Focus Financial Network Inc. boosted its position in shares of DuPont de Nemours by 3.7% during the 3rd 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 during the last quarter. Busey Bank raised its stake 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 purchasing an additional 145 shares during the period. GHP Investment Advisors Inc. grew its stake in shares of 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 valued at $98,000 after buying an additional 150 shares during the period. Finally, Axiom Advisory LLC increased its holdings in shares of DuPont de Nemours by 2.3% during the 3rd quarter. Axiom Advisory LLC now owns 6,784 shares of the basic materials company’s stock worth $605,000 after buying an additional 153 shares during the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

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.