KeyCorp Cuts DuPont de Nemours (NYSE:DD) Price Target to $44.00

DuPont de Nemours (NYSE:DD) had its price target dropped by research analysts at KeyCorp from $93.00 to $44.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the basic materials company’s stock. KeyCorp’s price objective would indicate a potential upside of 16.65% from the company’s current price.

A number of other equities analysts have also weighed in on DD. UBS Group boosted their price objective on shares of DuPont de Nemours from $87.00 to $89.00 and gave the stock a “buy” rating in a report on Monday, July 21st. BMO Capital Markets decreased their target price on shares of DuPont de Nemours from $104.00 to $50.00 and set an “outperform” rating for the company in a research note on Monday. JPMorgan Chase & Co. boosted their target price on shares of DuPont de Nemours from $99.00 to $104.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Wolfe Research decreased their target price on shares of DuPont de Nemours from $89.00 to $87.00 and set an “outperform” rating for the company in a research note on Friday, October 24th. Finally, Royal Bank Of Canada boosted their target price on shares of DuPont de Nemours from $94.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Nine analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $80.83.

DuPont de Nemours Price Performance

Shares of NYSE DD opened at $37.72 on Wednesday. DuPont de Nemours has a twelve month low of $33.33 and a twelve month high of $87.80. The firm has a market cap of $15.79 billion, a P/E ratio of -80.26, a PEG ratio of 2.49 and a beta of 1.08. The company has a 50 day moving average of $76.60 and a 200 day moving average of $72.47. The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.23.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Monday, July 11th. The basic materials company reported $0.69 earnings per share for the quarter. DuPont de Nemours had a negative net margin of 1.54% and a positive return on equity of 7.85%. The company had revenue of $3.02 billion during the quarter. As a group, research analysts expect that DuPont de Nemours will post 4.38 EPS for the current fiscal year.

Insider Activity

In other news, SVP Steven P. Larrabee sold 43,208 shares of the business’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $77.17, for a total transaction of $3,334,361.36. Following the completion of the sale, the senior vice president owned 38,585 shares of the company’s stock, valued at $2,977,604.45. The trade was a 52.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Over the last ninety days, insiders have sold 74,208 shares of company stock worth $5,714,861. Insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On DuPont de Nemours

A number of hedge funds have recently modified their holdings of the business. Princeton Global Asset Management LLC boosted its holdings in DuPont de Nemours by 64.4% in the 2nd quarter. Princeton Global Asset Management LLC now owns 365 shares of the basic materials company’s stock worth $25,000 after buying an additional 143 shares during the period. Salomon & Ludwin LLC boosted its holdings in DuPont de Nemours by 186.5% in the 3rd quarter. Salomon & Ludwin LLC now owns 318 shares of the basic materials company’s stock worth $25,000 after buying an additional 207 shares during the period. WPG Advisers LLC bought a new position in DuPont de Nemours in the 1st quarter worth $35,000. Cary Street Partners Investment Advisory LLC boosted its holdings in DuPont de Nemours by 67.5% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 541 shares of the basic materials company’s stock worth $37,000 after buying an additional 218 shares during the period. Finally, Ransom Advisory Ltd bought a new position in DuPont de Nemours in the 1st quarter worth $40,000. 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.