UBS Group Forecasts Strong Price Appreciation for DuPont de Nemours (NYSE:DD) Stock

DuPont de Nemours (NYSE:DD - Get Free Report) had its price objective upped by research analysts at UBS Group from $102.00 to $103.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the basic materials company's stock. UBS Group's price target indicates a potential upside of 25.26% from the stock's current price.

Several other research firms also recently issued reports on DD. JPMorgan Chase & Co. 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 Wednesday, January 15th. Wells Fargo & Company decreased 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 note on Wednesday, February 12th. StockNews.com upgraded DuPont de Nemours from a "hold" rating to a "buy" rating in a research note on Thursday, February 20th. Wolfe Research raised DuPont de Nemours from a "peer perform" rating to an "outperform" rating and set a $91.00 target price for the company in a report on Friday, January 17th. Finally, Barclays raised DuPont de Nemours from an "underweight" rating to an "equal weight" rating and lifted their price target for the stock from $85.00 to $89.00 in a research note on Thursday, February 13th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $99.17.

DuPont de Nemours Stock Performance

Shares of DD traded up $0.78 during trading hours on Tuesday, hitting $82.23. The stock had a trading volume of 519,037 shares, compared to its average volume of 2,450,462. The firm has a 50-day moving average price of $77.83 and a 200 day moving average price of $81.30. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. DuPont de Nemours has a fifty-two week low of $68.21 and a fifty-two week high of $90.06. The firm has a market capitalization of $34.38 billion, a price-to-earnings ratio of 49.20, a PEG ratio of 2.15 and a beta of 1.34.

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 earnings per share (EPS) for the quarter, topping 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%. As a group, research analysts anticipate that DuPont de Nemours will post 4.38 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC increased its stake in DuPont de Nemours by 2.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 20,126 shares of the basic materials company's stock worth $1,793,000 after purchasing an additional 540 shares during the period. International Assets Investment Management LLC increased its stake in DuPont de Nemours by 4,211.4% during the 3rd quarter. International Assets Investment Management LLC now owns 250,964 shares of the basic materials company's stock worth $22,363,000 after buying an additional 245,143 shares during the period. Allworth Financial LP lifted its holdings in DuPont de Nemours by 2.8% during the 3rd quarter. Allworth Financial LP now owns 10,193 shares of the basic materials company's stock worth $908,000 after buying an additional 282 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in DuPont de Nemours by 31.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,456 shares of the basic materials company's stock valued at $2,369,000 after buying an additional 6,353 shares during the period. Finally, Forsta AP Fonden grew its stake in shares of DuPont de Nemours by 11.5% in the third quarter. Forsta AP Fonden now owns 82,300 shares of the basic materials company's stock worth $7,334,000 after acquiring an additional 8,500 shares in the last quarter. Hedge funds and other 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.