DuPont de Nemours (NYSE:DD) Price Target Raised to $85.00 at KeyCorp

DuPont de Nemours (NYSE:DD) had its price objective boosted by research analysts at KeyCorp from $81.00 to $85.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the basic materials company’s stock. KeyCorp’s price target would indicate a potential upside of 27.30% from the company’s current price.

A number of other brokerages have also recently commented on DD. StockNews.com cut DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Barclays dropped their price objective on DuPont de Nemours from $89.00 to $73.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 29th. Wolfe Research upgraded shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price on the stock in a report on Friday, January 17th. Citigroup lowered their price objective on shares of DuPont de Nemours from $95.00 to $74.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Finally, Royal Bank of Canada cut their price objective on shares of DuPont de Nemours from $101.00 to $90.00 and set an “outperform” rating on the stock in a research report on Thursday, April 24th. Four 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $85.07.

DuPont de Nemours Price Performance

NYSE DD traded down $0.48 on Monday, hitting $66.77. 271,142 shares of the company were exchanged, compared to its average volume of 2,405,302. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. The company has a market cap of $27.94 billion, a P/E ratio of 40.01, a P/E/G ratio of 2.15 and a beta of 1.07. The firm has a 50 day moving average of $69.81 and a two-hundred day moving average of $76.59. DuPont de Nemours has a 1-year low of $53.77 and a 1-year high of $90.06.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.08. The business had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3.05 billion. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.79 earnings per share. On average, equities analysts predict that DuPont de Nemours will post 4.38 EPS for the current year.

Institutional Investors Weigh In On DuPont de Nemours

A number of institutional investors and hedge funds have recently modified their holdings of the company. Nwam LLC increased its position in DuPont de Nemours by 285.7% during the first quarter. Nwam LLC now owns 40,042 shares of the basic materials company’s stock worth $2,990,000 after buying an additional 29,661 shares during the last quarter. Easterly Investment Partners LLC acquired a new stake in DuPont de Nemours during the 1st quarter valued at $4,581,000. Cullen Frost Bankers Inc. boosted its position in DuPont de Nemours by 0.9% during the first quarter. Cullen Frost Bankers Inc. now owns 235,095 shares of the basic materials company’s stock worth $17,557,000 after purchasing an additional 2,045 shares during the period. Parcion Private Wealth LLC increased its holdings in shares of DuPont de Nemours by 2.8% in the first quarter. Parcion Private Wealth LLC now owns 29,331 shares of the basic materials company’s stock valued at $2,190,000 after purchasing an additional 805 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of DuPont de Nemours by 5.6% in the first quarter. Victory Capital Management Inc. now owns 169,616 shares of the basic materials company’s stock valued at $12,667,000 after purchasing an additional 8,933 shares during the period. 73.96% of the stock is owned by institutional investors.

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.