Royal Bank of Canada Issues Pessimistic Forecast for DuPont de Nemours (NYSE:DD) Stock Price

DuPont de Nemours (NYSE:DD) had its target price cut by stock analysts at Royal Bank of Canada from $104.00 to $101.00 in a report issued on Monday. The firm presently has an “overweight” rating on the basic materials company’s stock. Royal Bank of Canada’s price target suggests a potential upside of 24.02% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Citigroup cut their price target on DuPont de Nemours from $92.00 to $88.00 in a report on Monday. 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 report on Monday, October 21st. JPMorgan Chase & Co. cut their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. Barclays increased their price target on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Finally, BMO Capital Markets lowered their target price on DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $97.42.

DuPont de Nemours Stock Performance

Shares of DD stock opened at $81.44 on Monday. The business’s 50 day simple moving average is $77.54 and its 200 day simple moving average is $81.08. DuPont de Nemours has a one year low of $66.10 and a one year high of $90.06. The stock has a market capitalization of $34.04 billion, a PE ratio of 42.86, a PEG ratio of 1.70 and a beta of 1.34. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, beating the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. As a group, research analysts forecast that DuPont de Nemours will post 3.91 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Fortitude Family Office LLC boosted its position in shares of DuPont de Nemours by 32.0% during the 3rd quarter. Fortitude Family Office LLC now owns 544 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 132 shares during the last quarter. Lake Street Advisors Group LLC boosted its position in shares of DuPont de Nemours by 3.2% during the 4th quarter. Lake Street Advisors Group LLC now owns 4,231 shares of the basic materials company’s stock valued at $323,000 after acquiring an additional 132 shares during the last quarter. Global Trust Asset Management LLC boosted its position in shares of DuPont de Nemours by 1.5% during the 4th quarter. Global Trust Asset Management LLC now owns 9,227 shares of the basic materials company’s stock valued at $704,000 after acquiring an additional 133 shares during the last quarter. Avior Wealth Management LLC lifted its position in DuPont de Nemours by 22.7% in the 4th quarter. Avior Wealth Management LLC now owns 741 shares of the basic materials company’s stock worth $57,000 after buying an additional 137 shares during the last quarter. Finally, Focus Financial Network Inc. lifted its position in DuPont de Nemours by 3.7% in the 3rd quarter. Focus Financial Network Inc. now owns 3,973 shares of the basic materials company’s stock worth $354,000 after buying an additional 143 shares during the last quarter. 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.