DuPont de Nemours (NYSE:DD) Price Target Lowered to $92.00 at Citigroup

DuPont de Nemours (NYSE:DD - Get Free Report) had its price objective lowered by equities research analysts at Citigroup from $98.00 to $92.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the basic materials company's stock. Citigroup's price target would indicate a potential upside of 18.53% from the stock's previous close.

A number of other equities research analysts also recently weighed in on the stock. Morgan Stanley upped their price target 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. StockNews.com lowered DuPont de Nemours from a "buy" rating to a "hold" rating in a research report on Tuesday, December 10th. Barclays lifted their price target on DuPont de Nemours from $84.00 to $85.00 and gave the stock an "underweight" rating in a research note on Wednesday, November 6th. Wells Fargo & Company lifted their target price on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 6th. Finally, 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 note on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $95.25.

DuPont de Nemours Stock Performance

DD traded down $2.51 during trading hours on Wednesday, hitting $77.62. 2,079,438 shares of the stock were exchanged, compared to its average volume of 2,440,458. The stock has a 50-day simple moving average of $83.34 and a 200-day simple moving average of $82.06. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49. DuPont de Nemours has a 12 month low of $61.14 and a 12 month high of $90.06. The stock has a market cap of $32.44 billion, a price-to-earnings ratio of 40.85, a price-to-earnings-growth ratio of 1.97 and a beta of 1.34.

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

Hedge Funds Weigh In On DuPont de Nemours

Hedge funds have recently modified their holdings of the stock. Crestwood Advisors Group LLC grew its position in shares of DuPont de Nemours by 3.3% in the 2nd quarter. Crestwood Advisors Group LLC now owns 4,120 shares of the basic materials company's stock valued at $332,000 after acquiring an additional 132 shares during the period. Fortitude Family Office LLC increased its position in DuPont de Nemours by 32.0% during the third quarter. Fortitude Family Office LLC now owns 544 shares of the basic materials company's stock worth $48,000 after buying an additional 132 shares during the last quarter. Focus Financial Network Inc. raised its stake in DuPont de Nemours by 3.7% in the third quarter. Focus Financial Network Inc. now owns 3,973 shares of the basic materials company's stock valued at $354,000 after buying an additional 143 shares during the period. Busey Bank lifted its position in shares of DuPont de Nemours by 4.7% in the third quarter. Busey Bank now owns 3,243 shares of the basic materials company's stock valued at $289,000 after buying an additional 145 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in shares of DuPont de Nemours by 2.6% during the 2nd quarter. Signaturefd LLC now owns 5,742 shares of the basic materials company's stock worth $462,000 after acquiring an additional 146 shares during the last quarter. Institutional investors own 73.96% of the company's stock.

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.