DuPont de Nemours (NYSE:DD) Downgraded by StockNews.com to "Hold"

StockNews.com downgraded shares of DuPont de Nemours (NYSE:DD - Free Report) from a buy rating to a hold rating in a report published on Wednesday.

Other equities research analysts have also issued reports about the company. Morgan Stanley increased their price target on DuPont de Nemours from $88.00 to $94.00 and gave the stock an "equal weight" rating in a research report on Monday, October 21st. Wolfe Research upgraded DuPont de Nemours from a "peer perform" rating to an "outperform" rating and set a $91.00 target price for the company in a research note on Friday, January 17th. Wells Fargo & Company reduced 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. Barclays boosted their target price on DuPont de Nemours from $84.00 to $85.00 and gave the stock an "underweight" rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada lowered their price objective on DuPont de Nemours from $104.00 to $101.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $98.75.

DuPont de Nemours Stock Down 0.9 %

Shares of DD traded down $0.74 during midday trading on Wednesday, reaching $83.31. 2,916,054 shares of the stock were exchanged, compared to its average volume of 2,162,100. 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. The firm has a 50 day simple moving average of $77.59 and a 200-day simple moving average of $81.13. DuPont de Nemours has a 12-month low of $67.70 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 quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.98 by $0.15. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. Research analysts forecast that DuPont de Nemours will post 3.91 EPS for the current year.

Hedge Funds Weigh In On DuPont de Nemours

A number of hedge funds and other institutional investors have recently made changes to their positions in DD. Hager Investment Management Services LLC purchased a new stake in DuPont de Nemours in the fourth quarter worth $26,000. Aster Capital Management DIFC Ltd increased its holdings in 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 worth $28,000 after acquiring an additional 302 shares during the last quarter. Byrne Asset Management LLC bought a new stake in DuPont de Nemours in the 4th quarter valued at about $29,000. Vision Financial Markets LLC purchased a new stake in DuPont de Nemours during the fourth quarter valued at about $31,000. Finally, Golden State Wealth Management LLC bought a new position in DuPont de Nemours during the fourth quarter worth about $33,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

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.