DuPont de Nemours, Inc. (NYSE:DD) Receives $88.31 Consensus Target Price from Analysts

DuPont de Nemours, Inc. (NYSE:DD) has been given a consensus recommendation of “Moderate Buy” by the thirteen brokerages that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $88.31.

Several analysts have weighed in on DD shares. JPMorgan Chase & Co. lifted their price objective on shares of DuPont de Nemours from $78.00 to $93.00 and gave the stock an “overweight” rating in a research note on Friday, May 16th. UBS Group boosted their target price on shares of DuPont de Nemours from $87.00 to $89.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Citigroup boosted their target price on shares of DuPont de Nemours from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, July 3rd. Morgan Stanley dropped their target price on shares of 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, Bank of America upgraded shares of DuPont de Nemours from an “underperform” rating to a “neutral” rating and dropped their target price for the company from $80.00 to $75.00 in a research report on Tuesday, April 15th.

Institutional Investors Weigh In On DuPont de Nemours

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in DuPont de Nemours by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 46,894,623 shares of the basic materials company’s stock worth $3,502,090,000 after acquiring an additional 298,408 shares during the last quarter. Nuveen LLC bought a new stake in DuPont de Nemours during the 1st quarter worth approximately $531,037,000. Franklin Resources Inc. grew its holdings in DuPont de Nemours by 7.5% during the 4th quarter. Franklin Resources Inc. now owns 6,894,207 shares of the basic materials company’s stock worth $525,683,000 after acquiring an additional 483,722 shares during the last quarter. Northern Trust Corp boosted its stake in shares of DuPont de Nemours by 16.3% in the 4th 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 last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of DuPont de Nemours by 21.9% in the 1st 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 during the last quarter. 73.96% of the stock is owned by institutional investors.

DuPont de Nemours Price Performance

Shares of DuPont de Nemours stock opened at $72.17 on Monday. DuPont de Nemours has a twelve month low of $53.77 and a twelve month high of $90.06. The company has a quick ratio of 0.91, a current ratio of 1.40 and a debt-to-equity ratio of 0.23. The company has a 50-day simple moving average of $70.88 and a two-hundred day simple moving average of $71.98. The stock has a market capitalization of $30.20 billion, a price-to-earnings ratio of -379.84, a price-to-earnings-growth ratio of 2.11 and a beta of 1.04.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Friday, May 2nd. The basic materials company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.08. DuPont de Nemours had a negative net margin of 0.60% and a positive return on equity of 7.58%. The business had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter in the previous year, the company earned $0.79 EPS. The business’s revenue was up 4.6% on a year-over-year basis. Analysts forecast that DuPont de Nemours will post 4.38 EPS for the current year.

DuPont de Nemours Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Friday, August 29th. DuPont de Nemours’s dividend payout ratio is -863.16%.

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.