KeyCorp Increases DuPont de Nemours (NYSE:DD) Price Target to $87.00

DuPont de Nemours (NYSE:DD) had its price objective hoisted by KeyCorp from $85.00 to $87.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an “overweight” rating on the basic materials company’s stock. KeyCorp’s target price would indicate a potential upside of 17.44% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Barclays lowered their target price on shares of DuPont de Nemours from $89.00 to $73.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 29th. JPMorgan Chase & Co. increased their price objective on shares of DuPont de Nemours from $78.00 to $93.00 and gave the company an “overweight” rating in a report on Friday, May 16th. Bank of America raised shares of DuPont de Nemours from an “underperform” rating to a “neutral” rating and decreased their target price for the stock from $80.00 to $75.00 in a research note on Tuesday, April 15th. Morgan Stanley dropped their price target on DuPont de Nemours from $94.00 to $80.00 and set an “equal weight” rating for the company in a research report on Monday, May 5th. Finally, Wells Fargo & Company reduced their price objective on DuPont de Nemours from $105.00 to $81.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 9th. Four equities research 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 currently has an average rating of “Moderate Buy” and an average target price of $88.15.

DuPont de Nemours Trading Down 1.0%

Shares of DuPont de Nemours stock opened at $74.08 on Monday. The company has a current ratio of 1.40, a quick ratio of 0.91 and a debt-to-equity ratio of 0.23. DuPont de Nemours has a twelve month low of $53.77 and a twelve month high of $90.06. The firm has a market capitalization of $31.00 billion, a PE ratio of -389.89, a P/E/G ratio of 2.12 and a beta of 1.04. The firm’s 50-day moving average price is $69.37 and its 200 day moving average price is $71.95.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Friday, May 2nd. The basic materials company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.08. The business had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.05 billion. DuPont de Nemours had a positive return on equity of 7.58% and a negative net margin of 0.60%. The business’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.79 earnings per share. On average, sell-side analysts predict that DuPont de Nemours will post 4.38 EPS for the current fiscal year.

Institutional Trading of DuPont de Nemours

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of DuPont de Nemours by 0.6% in the first quarter. Vanguard Group Inc. now owns 46,894,623 shares of the basic materials company’s stock valued at $3,502,090,000 after buying an additional 298,408 shares in the last quarter. Nuveen LLC purchased a new stake in DuPont de Nemours during the first quarter worth about $531,037,000. Franklin Resources Inc. lifted its position in shares of DuPont de Nemours by 7.5% during the fourth quarter. Franklin Resources Inc. now owns 6,894,207 shares of the basic materials company’s stock worth $525,683,000 after purchasing an additional 483,722 shares in the last quarter. Northern Trust Corp boosted its stake in shares of DuPont de Nemours by 16.3% in the fourth quarter. Northern Trust Corp now owns 4,931,816 shares of the basic materials company’s stock valued at $376,051,000 after purchasing an additional 690,218 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of DuPont de Nemours by 21.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,159,807 shares of the basic materials company’s stock valued at $310,656,000 after purchasing an additional 746,364 shares in 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.