DuPont de Nemours (NYSE:DD) Price Target Cut to $105.00 by Analysts at Wells Fargo & Company

DuPont de Nemours (NYSE:DD) had its price objective reduced by Wells Fargo & Company from $107.00 to $105.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the basic materials company’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 24.71% from the stock’s previous close.

A number of other research firms have also recently weighed in on DD. Royal Bank of Canada 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 Monday. 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. Morgan Stanley lifted their price target on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. BMO Capital Markets cut their price target on DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, January 16th. Finally, StockNews.com raised DuPont de Nemours from a “hold” rating to a “buy” rating in a report on Tuesday, January 21st. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $98.75.

DuPont de Nemours Stock Performance

Shares of NYSE DD opened at $84.20 on Wednesday. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29. The firm’s 50-day moving average price is $77.58 and its two-hundred day moving average price is $81.11. DuPont de Nemours has a 52-week low of $66.60 and a 52-week high of $90.06. The stock has a market capitalization of $35.19 billion, a P/E ratio of 44.31, a P/E/G ratio of 1.70 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates 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, sell-side analysts forecast that DuPont de Nemours will post 3.91 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Choreo LLC grew its position in DuPont de Nemours by 23.4% in the fourth quarter. Choreo LLC now owns 43,307 shares of the basic materials company’s stock worth $3,296,000 after buying an additional 8,205 shares during the last quarter. Merit Financial Group LLC boosted its stake in DuPont de Nemours by 36.4% in the 4th quarter. Merit Financial Group LLC now owns 18,496 shares of the basic materials company’s stock worth $1,410,000 after purchasing an additional 4,939 shares during the period. Jennison Associates LLC boosted its stake in DuPont de Nemours by 2.0% in the 3rd quarter. Jennison Associates LLC now owns 491,028 shares of the basic materials company’s stock worth $43,756,000 after purchasing an additional 9,730 shares during the period. Principal Financial Group Inc. boosted its stake in DuPont de Nemours by 4.6% in the 3rd quarter. Principal Financial Group Inc. now owns 490,704 shares of the basic materials company’s stock worth $43,727,000 after purchasing an additional 21,435 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its stake in DuPont de Nemours by 38.4% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 36,082 shares of the basic materials company’s stock worth $3,215,000 after purchasing an additional 10,012 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.

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.