DuPont de Nemours (NYSE:DD) Upgraded to Outperform at Wolfe Research

DuPont de Nemours (NYSE:DD - Get Free Report) was upgraded by equities research analysts at Wolfe Research from a "peer perform" rating to an "outperform" rating in a report issued on Friday, MarketBeat Ratings reports. The brokerage presently has a $91.00 price objective on the basic materials company's stock. Wolfe Research's price objective would suggest a potential upside of 17.42% from the stock's current price.

Other equities research analysts have also recently issued research reports about the stock. BMO Capital Markets cut their price target on shares of DuPont de Nemours from $107.00 to $105.00 and set an "outperform" rating on the stock in a report on Thursday. StockNews.com downgraded DuPont de Nemours from a "buy" rating to a "hold" rating in a research note on Monday, January 13th. Barclays boosted 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. JPMorgan Chase & Co. dropped their price objective on DuPont de Nemours from $104.00 to $101.00 and set an "overweight" rating on the stock in a research report on Wednesday. Finally, Wells Fargo & Company boosted their target price on DuPont de Nemours from $105.00 to $107.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $98.00.

DuPont de Nemours Stock Up 1.1 %

Shares of DuPont de Nemours stock traded up $0.84 during trading on Friday, hitting $77.50. The company's stock had a trading volume of 3,241,385 shares, compared to its average volume of 1,739,762. DuPont de Nemours has a 52 week low of $61.14 and a 52 week high of $90.06. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28. The company has a fifty day simple moving average of $79.53 and a two-hundred day simple moving average of $81.41. The company has a market capitalization of $32.39 billion, a PE ratio of 40.79, a P/E/G ratio of 1.53 and a beta of 1.35.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.15. The firm had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.20 billion. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The business's revenue was up 4.4% on a year-over-year basis. During the same period last year, the business earned $0.92 earnings per share. Equities research analysts predict that DuPont de Nemours will post 3.91 earnings per share for the current year.

Institutional Investors Weigh In On DuPont de Nemours

Several large investors have recently made changes to their positions in DD. Strategic Investment Solutions Inc. IL purchased a new stake in DuPont de Nemours during the second quarter valued at approximately $27,000. Quarry LP bought a new position in shares of DuPont de Nemours during the second quarter valued at approximately $37,000. Ashton Thomas Securities LLC purchased a new stake in shares of DuPont de Nemours in the third quarter worth approximately $38,000. FSA Wealth Management LLC bought a new stake in shares of DuPont de Nemours during the 3rd quarter worth approximately $39,000. Finally, True Wealth Design LLC boosted its holdings in DuPont de Nemours by 2,378.9% during the 3rd quarter. True Wealth Design LLC now owns 471 shares of the basic materials company's stock valued at $42,000 after acquiring an additional 452 shares during the period. 73.96% of the stock is owned by 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.