KeyCorp Upgrades DuPont de Nemours (NYSE:DD) to Overweight

DuPont de Nemours (NYSE:DD - Get Free Report) was upgraded by research analysts at KeyCorp from a "sector weight" rating to an "overweight" rating in a research note issued on Monday, Marketbeat.com reports. The firm currently has a $81.00 price objective on the basic materials company's stock. KeyCorp's price target indicates a potential upside of 34.71% from the company's current price.

Several other research firms have also recently commented on DD. JPMorgan Chase & Co. reduced their target price on shares of DuPont de Nemours from $101.00 to $76.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Citigroup decreased their price objective on shares of DuPont de Nemours from $95.00 to $74.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Barclays raised DuPont de Nemours from an "underweight" rating to an "equal weight" rating and upped their target price for the company from $85.00 to $89.00 in a research note on Thursday, February 13th. StockNews.com downgraded DuPont de Nemours from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Finally, Royal Bank of Canada decreased their price target on shares of DuPont de Nemours from $104.00 to $101.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $87.71.

DuPont de Nemours Stock Up 1.5 %

DuPont de Nemours stock traded up $0.88 during mid-day trading on Monday, hitting $60.13. The company had a trading volume of 2,748,962 shares, compared to its average volume of 2,379,137. The business has a fifty day moving average of $73.41 and a 200 day moving average of $78.20. DuPont de Nemours has a 1 year low of $53.77 and a 1 year high of $90.06. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. The stock has a market cap of $25.16 billion, a price-to-earnings ratio of 36.01, a PEG ratio of 2.15 and a beta of 1.25.

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 for the quarter, beating the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. On average, sell-side analysts expect that DuPont de Nemours will post 4.38 earnings per share for the current fiscal year.

Institutional Investors Weigh In On DuPont de Nemours

A number of institutional investors and hedge funds have recently modified their holdings of DD. Hager Investment Management Services LLC purchased a new position in DuPont de Nemours in the fourth quarter valued at about $26,000. Aster Capital Management DIFC Ltd lifted 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 valued at $28,000 after purchasing an additional 302 shares during the last quarter. Vermillion Wealth Management Inc. acquired a new position in DuPont de Nemours during the fourth quarter worth $28,000. Byrne Asset Management LLC bought a new position in DuPont de Nemours during the fourth quarter valued at about $29,000. Finally, Vision Financial Markets LLC acquired a new stake in shares of DuPont de Nemours in the fourth quarter worth about $31,000. 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.