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

DuPont de Nemours (NYSE:DD - Get Free Report) had its price objective lowered by investment analysts at Citigroup from $92.00 to $88.00 in a research note issued on Monday. Citigroup's target price points to a potential upside of 4.52% from the company's current price.

DD has been the subject of a number of other research reports. Royal Bank of Canada upped their price target on DuPont de Nemours from $102.00 to $104.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. reduced 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 report on Wednesday, January 15th. 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. 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 research note on Friday, January 17th. Finally, Morgan Stanley upped their target price on shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock an "equal weight" rating in a report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $98.75.

DuPont de Nemours Trading Up 3.0 %

Shares of DD traded up $2.44 during trading hours on Monday, reaching $84.20. 3,592,865 shares of the company traded hands, compared to its average volume of 2,492,932. The company has a market capitalization of $35.19 billion, a price-to-earnings ratio of 44.31, a price-to-earnings-growth ratio of 1.70 and a beta of 1.34. The company's fifty day moving average price is $77.58 and its two-hundred day moving average price is $81.11. DuPont de Nemours has a 12 month low of $66.60 and a 12 month high of $90.06. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its earnings results 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 return on equity of 6.64% and a net margin of 6.35%. Equities research analysts predict that DuPont de Nemours will post 3.91 earnings per share for the current fiscal year.

Institutional Investors Weigh In On DuPont de Nemours

Hedge funds have recently bought and sold shares of the stock. Level Four Advisory Services LLC increased its stake in DuPont de Nemours by 2.8% during the fourth quarter. Level Four Advisory Services LLC now owns 4,679 shares of the basic materials company's stock worth $357,000 after purchasing an additional 129 shares during the period. Fortitude Family Office LLC grew its position in DuPont de Nemours by 32.0% during the 3rd quarter. Fortitude Family Office LLC now owns 544 shares of the basic materials company's stock worth $48,000 after purchasing an additional 132 shares during the last quarter. Lake Street Advisors Group LLC increased its holdings in shares of DuPont de Nemours by 3.2% in the fourth quarter. Lake Street Advisors Group LLC now owns 4,231 shares of the basic materials company's stock valued at $323,000 after purchasing an additional 132 shares during the period. Global Trust Asset Management LLC raised its stake in shares of DuPont de Nemours by 1.5% during the fourth quarter. Global Trust Asset Management LLC now owns 9,227 shares of the basic materials company's stock worth $704,000 after purchasing an additional 133 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its holdings in shares of DuPont de Nemours by 22.7% during the fourth quarter. Avior Wealth Management LLC now owns 741 shares of the basic materials company's stock worth $57,000 after purchasing an additional 137 shares during the period. Hedge funds and other 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.