JPMorgan Chase & Co. Issues Pessimistic Forecast for DuPont de Nemours (NYSE:DD) Stock Price

DuPont de Nemours (NYSE:DD - Get Free Report) had its price objective cut by equities researchers at JPMorgan Chase & Co. from $101.00 to $76.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an "overweight" rating on the basic materials company's stock. JPMorgan Chase & Co.'s price objective indicates a potential upside of 29.25% from the company's previous close.

Several other equities research analysts also recently commented on the company. Wells Fargo & Company cut their price objective on DuPont de Nemours from $107.00 to $105.00 and set an "overweight" rating for the company in a report on Wednesday, February 12th. StockNews.com downgraded DuPont de Nemours from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. 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. BMO Capital Markets increased their price target on DuPont de Nemours from $105.00 to $112.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Finally, Royal Bank of Canada decreased 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 report on Monday, February 10th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, DuPont de Nemours has a consensus rating of "Moderate Buy" and a consensus target price of $93.33.

DuPont de Nemours Stock Up 2.0 %

DD stock traded up $1.14 during mid-day trading on Tuesday, hitting $58.80. 3,784,398 shares of the company were exchanged, compared to its average volume of 2,358,631. The firm has a market cap of $24.61 billion, a P/E ratio of 35.21, a P/E/G ratio of 2.15 and a beta of 1.25. DuPont de Nemours has a 1-year low of $53.77 and a 1-year high of $90.06. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. The firm's 50 day simple moving average is $75.15 and its 200 day simple moving average is $79.12.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, beating analysts' consensus estimates 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 predict that DuPont de Nemours will post 4.38 EPS for the current fiscal year.

Hedge Funds Weigh In On DuPont de Nemours

Hedge funds and other institutional investors have recently made changes to their positions in the stock. United Bank grew its position in shares of DuPont de Nemours by 2.7% during the 3rd quarter. United Bank now owns 11,015 shares of the basic materials company's stock worth $982,000 after buying an additional 290 shares during the period. Quantinno Capital Management LP lifted its holdings in DuPont de Nemours by 47.9% during the third quarter. Quantinno Capital Management LP now owns 33,591 shares of the basic materials company's stock worth $2,993,000 after acquiring an additional 10,886 shares during the period. Stifel Financial Corp raised its stake in shares of DuPont de Nemours by 2.4% during the 3rd quarter. Stifel Financial Corp now owns 245,763 shares of the basic materials company's stock worth $21,900,000 after purchasing an additional 5,655 shares during the period. EP Wealth Advisors LLC grew its position in DuPont de Nemours by 61.6% during the third quarter. EP Wealth Advisors LLC now owns 14,799 shares of the basic materials company's stock valued at $1,319,000 after buying an additional 5,642 shares during the period. Finally, MML Investors Services LLC increased its stake in shares of DuPont de Nemours by 73.4% during the 3rd quarter. MML Investors Services LLC now owns 84,394 shares of the basic materials company's stock worth $7,520,000 after purchasing an additional 35,710 shares during the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

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.