Wells Fargo & Company Lowers DuPont de Nemours (NYSE:DD) Price Target to $105.00

DuPont de Nemours (NYSE:DD - Get Free Report) had its price objective dropped by equities researchers at Wells Fargo & Company from $107.00 to $105.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an "overweight" rating on the basic materials company's stock. Wells Fargo & Company's target price would suggest a potential upside of 26.04% from the company's previous close.

Several other analysts have also recently weighed in on DD. Royal Bank of Canada 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 research note on Monday, February 10th. Barclays lifted their price target on shares of DuPont de Nemours from $84.00 to $85.00 and gave the company an "underweight" rating in a report on Wednesday, November 6th. BMO Capital Markets decreased their price target on shares of DuPont de Nemours from $107.00 to $105.00 and set an "outperform" rating on the stock in a report on Thursday, January 16th. StockNews.com raised shares of DuPont de Nemours from a "hold" rating to a "buy" rating in a report on Tuesday, January 21st. Finally, Wolfe Research raised shares of DuPont de Nemours from a "peer perform" rating to an "outperform" rating and set a $91.00 target price on the stock in a report on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $98.75.

DuPont de Nemours Stock Performance

DD stock traded down $0.74 during trading hours on Wednesday, reaching $83.31. The stock had a trading volume of 2,916,054 shares, compared to its average volume of 2,162,100. The stock has a market capitalization of $34.82 billion, a PE ratio of 43.85, a price-to-earnings-growth ratio of 1.70 and a beta of 1.34. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49. The stock has a 50-day simple moving average of $77.59 and a 200 day simple moving average of $81.12. DuPont de Nemours has a fifty-two week low of $67.70 and a fifty-two week high of $90.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (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%. Analysts predict that DuPont de Nemours will post 3.91 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Hager Investment Management Services LLC bought a new stake in DuPont de Nemours during the 4th quarter valued at $26,000. Aster Capital Management DIFC Ltd grew its stake in shares of DuPont de Nemours by 479.4% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company's stock worth $28,000 after acquiring an additional 302 shares in the last quarter. Byrne Asset Management LLC bought a new stake in shares of DuPont de Nemours in the 4th quarter worth $29,000. Vision Financial Markets LLC bought a new stake in shares of DuPont de Nemours in the 4th quarter worth $31,000. Finally, Ashton Thomas Securities LLC bought a new position in DuPont de Nemours during the third quarter valued at about $38,000. 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.