StockNews.com Upgrades DuPont de Nemours (NYSE:DD) to “Buy”

StockNews.com upgraded shares of DuPont de Nemours (NYSE:DD) from a hold rating to a buy rating in a report published on Thursday.

A number of other research analysts have also recently commented on DD. Wells Fargo & Company lowered their price target on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. JPMorgan Chase & Co. decreased their price target 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 Wednesday, January 15th. Barclays upgraded DuPont de Nemours from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $85.00 to $89.00 in a research report on Thursday, February 13th. Citigroup increased their price target on DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Finally, BMO Capital Markets lifted their price objective on DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $98.75.

DuPont de Nemours Stock Up 0.5 %

DD stock opened at $82.80 on Thursday. The business’s 50-day moving average price is $77.67 and its 200-day moving average price is $81.17. The stock has a market cap of $34.62 billion, a P/E ratio of 49.58, a PEG ratio of 2.19 and a beta of 1.34. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. DuPont de Nemours has a twelve month low of $67.77 and a twelve month high of $90.06.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. On average, equities research analysts forecast that DuPont de Nemours will post 4.38 EPS for the current year.

Hedge Funds Weigh In On DuPont de Nemours

Several large investors have recently modified their holdings of the stock. Hager Investment Management Services LLC bought a new position in DuPont de Nemours during the 4th quarter valued at about $26,000. Aster Capital Management DIFC Ltd boosted its position in shares of DuPont de Nemours by 479.4% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company’s stock valued at $28,000 after buying an additional 302 shares during the period. Byrne Asset Management LLC bought a new position in shares of DuPont de Nemours during the fourth quarter valued at approximately $29,000. Vision Financial Markets LLC purchased a new stake in shares of DuPont de Nemours in the fourth quarter worth approximately $31,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of DuPont de Nemours during the 3rd quarter worth approximately $38,000. Institutional investors own 73.96% of the company’s stock.

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.