Citigroup Cuts DuPont de Nemours (NYSE:DD) Price Target to $88.00

DuPont de Nemours (NYSE:DD) had its price objective lowered by Citigroup from $92.00 to $88.00 in a research report sent to investors on Monday.

A number of other research analysts have also recently commented on the stock. StockNews.com upgraded shares of DuPont de Nemours from a “hold” rating to a “buy” rating in a research note on Tuesday, January 21st. Wells Fargo & Company raised their price target on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Wolfe Research raised shares of 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. BMO Capital Markets dropped their price objective on shares of DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday, January 16th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $97.25.

DuPont de Nemours Stock Up 0.4 %

NYSE DD opened at $81.78 on Monday. The stock has a market cap of $34.18 billion, a PE 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. DuPont de Nemours has a twelve month low of $66.10 and a twelve month high of $90.06. The firm has a 50-day simple moving average of $77.53 and a 200 day simple moving average of $81.09.

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

Institutional Trading of DuPont de Nemours

A number of hedge funds and other institutional investors have recently modified their holdings of DD. CWM LLC increased its holdings in shares of DuPont de Nemours by 37.2% in the third quarter. CWM LLC now owns 30,967 shares of the basic materials company’s stock valued at $2,759,000 after purchasing an additional 8,394 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in DuPont de Nemours by 389.4% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,142 shares of the basic materials company’s stock worth $280,000 after acquiring an additional 2,500 shares during the period. Gateway Investment Advisers LLC acquired a new stake in DuPont de Nemours during the 3rd quarter worth $205,000. Ritholtz Wealth Management acquired a new stake in DuPont de Nemours during the 3rd quarter worth $227,000. Finally, Exchange Traded Concepts LLC grew its holdings in DuPont de Nemours by 793.2% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,045 shares of the basic materials company’s stock worth $93,000 after acquiring an additional 928 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.

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.