DuPont de Nemours (NYSE:DD) Price Target Increased to $83.00 by Analysts at Mizuho

DuPont de Nemours (NYSE:DD) had its target price upped by equities researchers at Mizuho from $76.00 to $83.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the basic materials company’s stock. Mizuho’s target price would suggest a potential upside of 6.00% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. StockNews.com upgraded DuPont de Nemours from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. JPMorgan Chase & Co. upped their price target on shares of DuPont de Nemours from $76.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, March 22nd. Barclays lowered their price objective on shares of DuPont de Nemours from $74.00 to $70.00 and set an “equal weight” rating for the company in a research note on Monday, February 12th. Wells Fargo & Company upped their target price on DuPont de Nemours from $69.00 to $80.00 and gave the company an “equal weight” rating in a research report on Thursday, April 11th. Finally, Bank of America cut DuPont de Nemours from a “buy” rating to an “underperform” rating and lifted their price target for the stock from $78.00 to $80.00 in a research report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $78.60.

DuPont de Nemours Stock Up 8.0 %

DuPont de Nemours stock opened at $78.30 on Thursday. The company has a quick ratio of 1.73, a current ratio of 2.43 and a debt-to-equity ratio of 0.32. The firm has a market cap of $32.73 billion, a P/E ratio of 84.19, a P/E/G ratio of 2.38 and a beta of 1.39. The business has a fifty day moving average of $73.43 and a two-hundred day moving average of $72.02. DuPont de Nemours has a twelve month low of $61.14 and a twelve month high of $79.19.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. DuPont de Nemours had a net margin of 3.51% and a return on equity of 6.12%. The firm had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.92 billion. During the same quarter in the previous year, the firm earned $0.89 EPS. The company’s quarterly revenue was down 6.6% compared to the same quarter last year. On average, analysts forecast that DuPont de Nemours will post 3.49 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Michael G. Goss sold 2,354 shares of DuPont de Nemours stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $72.80, for a total value of $171,371.20. Following the completion of the transaction, the insider now owns 15,587 shares in the company, valued at approximately $1,134,733.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.56% of the stock is currently owned by insiders.

Hedge Funds Weigh In On DuPont de Nemours

A number of institutional investors and hedge funds have recently modified their holdings of the company. Palisade Asset Management LLC acquired a new stake in DuPont de Nemours in the first quarter valued at $25,000. 1834 Investment Advisors Co. boosted its holdings in DuPont de Nemours by 18.5% in the first quarter. 1834 Investment Advisors Co. now owns 7,838 shares of the basic materials company’s stock valued at $601,000 after purchasing an additional 1,223 shares in the last quarter. J.W. Cole Advisors Inc. increased its stake in DuPont de Nemours by 11.6% in the first quarter. J.W. Cole Advisors Inc. now owns 4,740 shares of the basic materials company’s stock valued at $363,000 after purchasing an additional 491 shares during the last quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. raised its holdings in DuPont de Nemours by 35.2% during the first quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 44,567 shares of the basic materials company’s stock worth $3,417,000 after purchasing an additional 11,598 shares in the last quarter. Finally, Drexel Morgan & Co. lifted its position in shares of DuPont de Nemours by 3.5% during the 1st quarter. Drexel Morgan & Co. now owns 15,721 shares of the basic materials company’s stock worth $1,205,000 after buying an additional 527 shares during the last quarter. Institutional investors and hedge funds 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.