DuPont de Nemours (NYSE:DD) Upgraded by Barclays to Equal Weight Rating

Barclays upgraded shares of DuPont de Nemours (NYSE:DD) from an underweight rating to an equal weight rating in a report released on Thursday, MarketBeat Ratings reports. They currently have $89.00 price objective on the basic materials company’s stock, up from their previous price objective of $85.00.

A number of other brokerages have also weighed in on DD. BMO Capital Markets decreased 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. Royal Bank of Canada decreased their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research note on Monday. JPMorgan Chase & Co. dropped their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. Wells Fargo & Company decreased their target price on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, StockNews.com cut shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $98.75.

DuPont de Nemours Trading Up 3.0 %

NYSE DD opened at $84.20 on Thursday. DuPont de Nemours has a 12 month low of $66.60 and a 12 month high of $90.06. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. The stock’s fifty day moving average price is $77.58 and its 200-day moving average price is $81.11. The stock has a market cap of $35.19 billion, a P/E ratio of 44.31, a P/E/G ratio of 1.70 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last announced 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%. As a group, equities analysts forecast that DuPont de Nemours will post 3.91 EPS for the current fiscal year.

Hedge Funds Weigh In On DuPont de Nemours

Several institutional investors and hedge funds have recently bought and sold shares of DD. Hager Investment Management Services LLC bought a new position in shares of DuPont de Nemours in the fourth quarter worth about $26,000. Aster Capital Management DIFC Ltd grew its stake in shares of DuPont de Nemours by 479.4% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 302 shares during the period. Byrne Asset Management LLC purchased a new stake in DuPont de Nemours in the 4th quarter worth approximately $29,000. Vision Financial Markets LLC bought a new stake in DuPont de Nemours during the 4th quarter worth approximately $31,000. Finally, Golden State Wealth Management LLC bought a new stake in DuPont de Nemours during the 4th quarter worth approximately $33,000. 73.96% of the stock is currently 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.