Citigroup Issues Pessimistic Forecast for DuPont de Nemours (NYSE:DD) Stock Price

DuPont de Nemours (NYSE:DD) had its target price reduced by Citigroup from $92.00 to $88.00 in a research report report published on Monday morning.

Other equities analysts have also recently issued reports about the stock. BMO Capital Markets reduced their price target on shares of DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, January 16th. StockNews.com raised shares of DuPont de Nemours from a “hold” rating to a “buy” rating in a research report on Tuesday, January 21st. Morgan Stanley boosted their price objective on shares of 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. Wells Fargo & Company boosted their price objective on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. cut 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 report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, DuPont de Nemours has an average rating of “Moderate Buy” and a consensus target price of $97.25.

DuPont de Nemours Price Performance

DD opened at $81.78 on Monday. The company has a fifty day moving average price of $77.53 and a two-hundred day moving average price of $81.09. The firm has a market capitalization of $34.18 billion, a PE ratio of 43.04, a P/E/G ratio of 1.70 and a beta of 1.34. DuPont de Nemours has a 52 week low of $66.10 and a 52 week high of $90.06. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28.

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

Institutional Investors Weigh In On DuPont de Nemours

Several institutional investors and hedge funds have recently added to or reduced their stakes in DD. CWM LLC lifted its position in DuPont de Nemours by 37.2% during the 3rd quarter. CWM LLC now owns 30,967 shares of the basic materials company’s stock worth $2,759,000 after buying an additional 8,394 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in DuPont de Nemours by 389.4% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,142 shares of the basic materials company’s stock valued at $280,000 after purchasing an additional 2,500 shares during the last quarter. Gateway Investment Advisers LLC acquired a new stake in DuPont de Nemours in the 3rd quarter valued at about $205,000. Ritholtz Wealth Management acquired a new stake in DuPont de Nemours in the 3rd quarter valued at about $227,000. Finally, Exchange Traded Concepts LLC raised its stake in DuPont de Nemours by 793.2% in the third quarter. Exchange Traded Concepts LLC now owns 1,045 shares of the basic materials company’s stock valued at $93,000 after buying an additional 928 shares during the period. 73.96% of the stock is owned by 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.