BMO Capital Markets Increases DuPont de Nemours (NYSE:DD) Price Target to $112.00

DuPont de Nemours (NYSE:DD) had its target price boosted by analysts at BMO Capital Markets from $105.00 to $112.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the basic materials company’s stock. BMO Capital Markets’ price objective indicates a potential upside of 34.94% from the company’s current price.

A number of other equities analysts have also weighed in on the company. Wolfe Research upgraded DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective for the company in a research note on Friday, January 17th. StockNews.com downgraded DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Wednesday. JPMorgan Chase & Co. dropped their price objective on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. Wells Fargo & Company reduced their price target on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Citigroup dropped their price objective on DuPont de Nemours from $92.00 to $88.00 in a report on Monday. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $98.17.

DuPont de Nemours Stock Performance

NYSE DD traded up $1.24 during trading hours on Thursday, reaching $83.00. The stock had a trading volume of 696,083 shares, compared to its average volume of 2,412,683. DuPont de Nemours has a 52-week low of $66.60 and a 52-week high of $90.06. The stock has a fifty day moving average of $77.53 and a 200 day moving average of $81.09. 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 has a market cap of $34.69 billion, a P/E ratio of 43.67, a price-to-earnings-growth ratio of 1.70 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, beating the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. Sell-side analysts predict that DuPont de Nemours will post 3.91 earnings per share for the current year.

Institutional Investors Weigh In On DuPont de Nemours

Institutional investors and hedge funds have recently modified their holdings of the stock. Level Four Advisory Services LLC lifted its position in DuPont de Nemours by 2.8% during the 4th quarter. Level Four Advisory Services LLC now owns 4,679 shares of the basic materials company’s stock worth $357,000 after acquiring an additional 129 shares in the last quarter. Fortitude Family Office LLC raised its stake in shares of DuPont de Nemours by 32.0% during the third quarter. Fortitude Family Office LLC now owns 544 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 132 shares during the period. Lake Street Advisors Group LLC lifted its position in shares of DuPont de Nemours by 3.2% during the fourth quarter. Lake Street Advisors Group LLC now owns 4,231 shares of the basic materials company’s stock worth $323,000 after purchasing an additional 132 shares in the last quarter. Global Trust Asset Management LLC boosted its stake in shares of DuPont de Nemours by 1.5% in the fourth quarter. Global Trust Asset Management LLC now owns 9,227 shares of the basic materials company’s stock valued at $704,000 after purchasing an additional 133 shares during the period. Finally, Avior Wealth Management LLC increased its stake in DuPont de Nemours by 22.7% during the 4th quarter. Avior Wealth Management LLC now owns 741 shares of the basic materials company’s stock worth $57,000 after buying an additional 137 shares during the period. Hedge funds and other 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.