DuPont de Nemours (NYSE:DD) Upgraded by Bank of America to Neutral Rating

DuPont de Nemours (NYSE:DD - Get Free Report) was upgraded by analysts at Bank of America from an "underperform" rating to a "neutral" rating in a report issued on Tuesday, Marketbeat.com reports. The brokerage currently has a $75.00 price target on the basic materials company's stock, down from their previous price target of $80.00. Bank of America's price objective points to a potential upside of 24.73% from the stock's previous close.

A number of other research firms have also issued reports on DD. KeyCorp upgraded DuPont de Nemours from a "sector weight" rating to an "overweight" rating and set a $81.00 target price for the company in a research note on Monday, April 14th. Royal Bank of Canada dropped their price objective 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. UBS Group upped their target price on shares of DuPont de Nemours from $102.00 to $103.00 and gave the company a "buy" rating in a research note on Tuesday, February 25th. Wells Fargo & Company dropped their price target on shares of DuPont de Nemours from $105.00 to $81.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. Finally, Citigroup decreased their price objective on shares of DuPont de Nemours from $95.00 to $74.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $87.71.

DuPont de Nemours Trading Up 1.5 %

Shares of DuPont de Nemours stock traded up $0.88 during trading hours on Tuesday, reaching $60.13. The stock had a trading volume of 2,748,962 shares, compared to its average volume of 2,379,137. DuPont de Nemours has a 1 year low of $53.77 and a 1 year high of $90.06. The firm has a 50 day simple moving average of $73.41 and a two-hundred day simple moving average of $78.20. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $25.16 billion, a price-to-earnings ratio of 36.01, a P/E/G ratio of 2.15 and a beta of 1.25.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. As a group, equities research analysts anticipate that DuPont de Nemours will post 4.38 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Hager Investment Management Services LLC acquired a new position in DuPont de Nemours in the 4th quarter valued at approximately $26,000. Aster Capital Management DIFC Ltd lifted its stake in shares of DuPont de Nemours by 479.4% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company's stock valued at $28,000 after acquiring an additional 302 shares during the period. Vermillion Wealth Management Inc. acquired a new stake in shares of DuPont de Nemours during the 4th quarter worth approximately $28,000. Byrne Asset Management LLC bought a new stake in shares of DuPont de Nemours during the 4th quarter valued at $29,000. Finally, Vision Financial Markets LLC bought a new position in DuPont de Nemours during the fourth quarter worth about $31,000. 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.