DuPont de Nemours (NYSE:DD) Price Target Raised to $95.00

DuPont de Nemours (NYSE:DD - Free Report) had its target price hoisted by Citigroup from $88.00 to $95.00 in a research note published on Thursday,Benzinga reports. They currently have a buy rating on the basic materials company's stock.

Other analysts have also issued reports about the stock. Wells Fargo & Company lowered their price target on shares of DuPont de Nemours from $107.00 to $105.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 12th. BMO Capital Markets boosted their price target on DuPont de Nemours from $105.00 to $112.00 and gave the stock an "outperform" rating in a report on Thursday. StockNews.com lowered DuPont de Nemours from a "buy" rating to a "hold" rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. cut their target price 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 Wednesday, January 15th. Finally, Morgan Stanley upped their target price on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an "equal weight" rating in a report on Monday, October 21st. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $98.75.

DuPont de Nemours Price Performance

NYSE DD traded down $0.74 during mid-day trading on Thursday, hitting $83.31. The stock had a trading volume of 2,916,054 shares, compared to its average volume of 2,162,100. The company has a 50 day simple moving average of $77.59 and a 200 day simple moving average of $81.11. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29. The company has a market cap of $34.82 billion, a price-to-earnings ratio of 43.85, a P/E/G ratio of 1.70 and a beta of 1.34. DuPont de Nemours has a 52-week low of $67.70 and a 52-week high of $90.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.98 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. Equities analysts forecast that DuPont de Nemours will post 3.91 EPS for the current fiscal year.

Institutional Investors Weigh In On DuPont de Nemours

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ritholtz Wealth Management purchased a new stake in DuPont de Nemours during the 3rd quarter worth $227,000. Exchange Traded Concepts LLC lifted its stake in shares of DuPont de Nemours by 793.2% during the third quarter. Exchange Traded Concepts LLC now owns 1,045 shares of the basic materials company's stock worth $93,000 after purchasing an additional 928 shares in the last quarter. Creative Planning boosted its position in shares of DuPont de Nemours by 1.1% in the third quarter. Creative Planning now owns 105,327 shares of the basic materials company's stock worth $9,386,000 after buying an additional 1,161 shares during the period. SeaCrest Wealth Management LLC grew its stake in shares of DuPont de Nemours by 7.1% in the third quarter. SeaCrest Wealth Management LLC now owns 9,512 shares of the basic materials company's stock valued at $848,000 after buying an additional 632 shares in the last quarter. Finally, Sumitomo Life Insurance Co. raised its holdings in shares of DuPont de Nemours by 2.8% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 14,109 shares of the basic materials company's stock valued at $1,257,000 after buying an additional 385 shares during the period. 73.96% of the stock is currently owned by institutional investors and hedge funds.

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.