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

DuPont de Nemours (NYSE:DD) had its price target increased by equities research analysts at BMO Capital Markets from $105.00 to $112.00 in a report released on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the basic materials company’s stock. BMO Capital Markets’ price target points to a potential upside of 34.94% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. cut their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. Morgan Stanley boosted their price objective 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. Royal Bank of Canada dropped 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 Monday. Wolfe Research raised shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target for the company in a report on Friday, January 17th. Finally, Citigroup dropped their price objective on shares of DuPont de Nemours from $92.00 to $88.00 in a report on Monday. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, DuPont de Nemours presently has an average rating of “Moderate Buy” and a consensus target price of $98.17.

DuPont de Nemours Stock Up 1.5 %

DD stock traded up $1.24 during mid-day trading on Thursday, hitting $83.00. 696,083 shares of the company were exchanged, compared to its average volume of 2,412,683. The firm has a fifty day simple moving average of $77.53 and a 200 day simple moving average of $81.09. The company has a market capitalization of $34.69 billion, a PE ratio of 43.67, a price-to-earnings-growth ratio of 1.70 and a beta of 1.34. DuPont de Nemours has a twelve month low of $66.60 and a twelve month high of $90.06. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29.

DuPont de Nemours (NYSE:DD) last issued its 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%. On average, research analysts forecast that DuPont de Nemours will post 3.91 earnings per share for the current fiscal year.

Hedge Funds Weigh In On DuPont de Nemours

Institutional investors have recently bought and sold shares of the stock. Level Four Advisory Services LLC increased its position in shares of DuPont de Nemours by 2.8% in the fourth quarter. Level Four Advisory Services LLC now owns 4,679 shares of the basic materials company’s stock worth $357,000 after acquiring an additional 129 shares in the last quarter. Fortitude Family Office LLC boosted its stake in DuPont de Nemours by 32.0% in the 3rd quarter. Fortitude Family Office LLC now owns 544 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 132 shares during the period. Lake Street Advisors Group LLC raised its stake in DuPont de Nemours by 3.2% during the 4th quarter. Lake Street Advisors Group LLC now owns 4,231 shares of the basic materials company’s stock valued at $323,000 after purchasing an additional 132 shares during the period. Global Trust Asset Management LLC boosted its position in shares of DuPont de Nemours by 1.5% in the fourth quarter. Global Trust Asset Management LLC now owns 9,227 shares of the basic materials company’s stock worth $704,000 after buying an additional 133 shares during the period. Finally, Avior Wealth Management LLC grew its holdings in shares of DuPont de Nemours by 22.7% during the fourth quarter. Avior Wealth Management LLC now owns 741 shares of the basic materials company’s stock valued at $57,000 after buying an additional 137 shares in the last quarter. 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.