JPMorgan Chase & Co. Boosts DuPont de Nemours (NYSE:DD) Price Target to $93.00

DuPont de Nemours (NYSE:DD) had its target price hoisted by research analysts at JPMorgan Chase & Co. from $78.00 to $93.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the basic materials company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 34.18% from the stock’s previous close.

A number of other brokerages also recently commented on DD. BMO Capital Markets lifted their price objective on shares of DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Citigroup cut their target price on shares of DuPont de Nemours from $95.00 to $74.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Barclays lowered their price target on DuPont de Nemours from $89.00 to $73.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 29th. StockNews.com lowered DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Finally, KeyCorp raised their price objective on DuPont de Nemours from $81.00 to $85.00 and gave the company an “overweight” rating in a research report on Monday, May 5th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $85.15.

DuPont de Nemours Stock Up 1.7%

DD stock opened at $69.31 on Friday. The company has a market cap of $29.01 billion, a price-to-earnings ratio of 41.50, a P/E/G ratio of 2.15 and a beta of 1.07. DuPont de Nemours has a twelve month low of $53.77 and a twelve month high of $90.06. The business has a 50 day moving average price of $67.53 and a two-hundred day moving average price of $75.50. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Friday, May 2nd. The basic materials company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.95 by $0.08. The company had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.05 billion. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.79 EPS. Analysts anticipate that DuPont de Nemours will post 4.38 EPS for the current fiscal year.

Institutional Investors Weigh In On DuPont de Nemours

Hedge funds and other institutional investors have recently modified their holdings of the company. Choreo LLC increased its position in DuPont de Nemours by 23.4% during the fourth quarter. Choreo LLC now owns 43,307 shares of the basic materials company’s stock worth $3,296,000 after acquiring an additional 8,205 shares during the period. Merit Financial Group LLC boosted its holdings 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 valued at $1,410,000 after purchasing an additional 4,939 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of DuPont de Nemours during the 4th quarter worth approximately $1,343,000. Grandfield & Dodd LLC increased its holdings in shares of DuPont de Nemours by 72.0% during the fourth quarter. Grandfield & Dodd LLC now owns 7,538 shares of the basic materials company’s stock worth $575,000 after purchasing an additional 3,155 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of DuPont de Nemours by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company’s stock valued at $218,730,000 after buying an additional 91,108 shares in the last quarter. 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.