DuPont de Nemours (NYSE:DD) Rating Lowered to “Hold” at StockNews.com

StockNews.com downgraded shares of DuPont de Nemours (NYSE:DD) from a buy rating to a hold rating in a research report released on Wednesday.

Other analysts have also issued reports about the company. Morgan Stanley lifted their target price on DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Citigroup lowered their price objective on DuPont de Nemours from $92.00 to $88.00 in a report on Monday. BMO Capital Markets lowered their price objective on DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday, January 16th. Royal Bank of Canada lowered their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Monday. Finally, Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective for the company in a report on Friday, January 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $97.25.

DuPont de Nemours Stock Up 0.4 %

Shares of NYSE DD opened at $81.78 on Wednesday. DuPont de Nemours has a 1 year low of $66.10 and a 1 year high of $90.06. The firm has a market cap of $34.18 billion, a price-to-earnings ratio of 43.04, a PEG ratio of 1.70 and a beta of 1.34. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28. The stock’s 50-day simple moving average is $77.53 and its 200-day simple moving average is $81.09.

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

Institutional Investors Weigh In On DuPont de Nemours

Institutional investors have recently added to or reduced their stakes in the company. Choreo LLC lifted its position in DuPont de Nemours by 23.4% in the fourth quarter. Choreo LLC now owns 43,307 shares of the basic materials company’s stock worth $3,296,000 after purchasing an additional 8,205 shares during the period. Merit Financial Group LLC increased its holdings in shares of DuPont de Nemours by 36.4% in the fourth quarter. Merit Financial Group LLC now owns 18,496 shares of the basic materials company’s stock valued at $1,410,000 after buying an additional 4,939 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of DuPont de Nemours by 2.0% in the third quarter. Jennison Associates LLC now owns 491,028 shares of the basic materials company’s stock valued at $43,756,000 after buying an additional 9,730 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of DuPont de Nemours by 4.6% in the third quarter. Principal Financial Group Inc. now owns 490,704 shares of the basic materials company’s stock valued at $43,727,000 after buying an additional 21,435 shares in the last quarter. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of DuPont de Nemours by 38.4% in the third quarter. Oppenheimer & Co. Inc. now owns 36,082 shares of the basic materials company’s stock valued at $3,215,000 after buying an additional 10,012 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

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.