DuPont de Nemours (NYSE:DD) Price Target Cut to $101.00 by Analysts at JPMorgan Chase & Co.

DuPont de Nemours (NYSE:DD - Free Report) had its price objective cut by JPMorgan Chase & Co. from $104.00 to $101.00 in a report issued on Wednesday,Benzinga reports. They currently have an overweight rating on the basic materials company's stock.

Several other analysts have also weighed in on the company. Royal Bank of Canada raised their price objective on DuPont de Nemours from $102.00 to $104.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Wells Fargo & Company lifted their price target on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an "overweight" rating in a report on Wednesday, November 6th. Citigroup dropped their price objective on shares of DuPont de Nemours from $98.00 to $92.00 and set a "buy" rating for the company in a research note on Wednesday, December 18th. StockNews.com cut shares of DuPont de Nemours from a "buy" rating to a "hold" rating in a research note on Monday. Finally, Morgan Stanley increased their price target on DuPont de Nemours from $88.00 to $94.00 and gave the company an "equal weight" rating in a research note on Monday, October 21st. Two analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, DuPont de Nemours has an average rating of "Moderate Buy" and an average price target of $96.33.

DuPont de Nemours Price Performance

DuPont de Nemours stock traded up $1.03 during trading hours on Wednesday, reaching $76.31. 1,194,634 shares of the stock were exchanged, compared to its average volume of 2,380,134. The stock has a 50 day moving average of $80.02 and a two-hundred day moving average of $81.47. The company has a market cap of $31.89 billion, a P/E ratio of 40.16, a price-to-earnings-growth ratio of 1.95 and a beta of 1.35. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. DuPont de Nemours has a twelve month low of $61.14 and a twelve month high of $90.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.03 by $0.15. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The business had revenue of $3.19 billion for the quarter, compared to analysts' expectations of $3.20 billion. The firm's quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the firm posted $0.92 earnings per share. Equities analysts expect that DuPont de Nemours will post 3.89 EPS for the current fiscal year.

Institutional Investors Weigh In On DuPont de Nemours

A number of institutional investors have recently made changes to their positions in the stock. Shelton Wealth Management LLC boosted its holdings in DuPont de Nemours by 49.7% in the fourth quarter. Shelton Wealth Management LLC now owns 9,029 shares of the basic materials company's stock valued at $688,000 after acquiring an additional 2,996 shares during the last quarter. Premier Path Wealth Partners LLC lifted its position in shares of DuPont de Nemours by 4.4% in the 4th quarter. Premier Path Wealth Partners LLC now owns 17,276 shares of the basic materials company's stock worth $1,317,000 after purchasing an additional 722 shares during the period. Merit Financial Group LLC boosted its stake in shares of DuPont de Nemours by 36.4% in the 4th quarter. Merit Financial Group LLC now owns 18,496 shares of the basic materials company's stock valued at $1,410,000 after purchasing an additional 4,939 shares during the last quarter. Butensky & Cohen Financial Security Inc. increased its position in shares of DuPont de Nemours by 0.5% during the fourth quarter. Butensky & Cohen Financial Security Inc. now owns 58,094 shares of the basic materials company's stock worth $4,430,000 after buying an additional 302 shares during the period. Finally, Wealthcare Advisory Partners LLC raised its stake in DuPont de Nemours by 5.5% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 2,995 shares of the basic materials company's stock worth $228,000 after buying an additional 156 shares during the last quarter. 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.