DuPont de Nemours (NYSE:DD) Lowered to Hold Rating by StockNews.com

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

Other analysts also recently issued research reports about the company. Wells Fargo & Company lifted their price target on DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Citigroup cut their price target on shares of DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday, December 18th. Barclays increased their price target on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Morgan Stanley lifted their price objective on shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Finally, Royal Bank of Canada increased their target price on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Two analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $96.33.

DuPont de Nemours Stock Performance

NYSE DD opened at $76.31 on Monday. The company’s 50 day simple moving average is $80.02 and its two-hundred day simple moving average is $81.47. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49. DuPont de Nemours has a 1 year low of $61.14 and a 1 year high of $90.06. The stock has a market capitalization of $31.89 billion, a PE ratio of 40.16, a P/E/G ratio of 1.95 and a beta of 1.35.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15. The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.20 billion. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.92 earnings per share. Analysts predict that DuPont de Nemours will post 3.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On DuPont de Nemours

Large investors have recently bought and sold shares of the stock. Zurich Insurance Group Ltd FI bought a new position in shares of DuPont de Nemours in the second quarter worth approximately $83,540,000. Assenagon Asset Management S.A. increased its position in shares of DuPont de Nemours by 431.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,058,446 shares of the basic materials company’s stock valued at $80,707,000 after acquiring an additional 859,333 shares during the period. Renaissance Technologies LLC bought a new position in shares of DuPont de Nemours during the second quarter valued at about $67,665,000. Franklin Resources Inc. raised its stake in shares of DuPont de Nemours by 9.8% during the third quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock valued at $556,751,000 after acquiring an additional 570,703 shares during the last quarter. Finally, Zacks Investment Management purchased a new stake in shares of DuPont de Nemours during the third quarter worth about $42,810,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

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.