DuPont de Nemours (NYSE:DD) Price Target Raised to $95.00 at Citigroup

DuPont de Nemours (NYSE:DD) had its price target raised by Citigroup from $88.00 to $95.00 in a research report report published on Thursday,Benzinga reports. The firm currently has a buy rating on the basic materials company’s stock.

Other equities research analysts have also recently issued research reports about the company. BMO Capital Markets increased their price objective on DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a report on Thursday. Barclays upgraded DuPont de Nemours from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $85.00 to $89.00 in a report on Thursday. Wolfe Research upgraded DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price for the company in a research note on Friday, January 17th. Wells Fargo & Company lowered their target price on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, Morgan Stanley raised their target price on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $98.75.

DuPont de Nemours Trading Down 0.9 %

Shares of DD stock opened at $83.31 on Thursday. The stock has a market capitalization of $34.82 billion, a PE ratio of 43.85, a P/E/G ratio of 1.70 and a beta of 1.34. DuPont de Nemours has a 1-year low of $67.70 and a 1-year high of $90.06. The business has a 50-day moving average of $77.59 and a 200 day moving average of $81.13. 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 released its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, topping 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, sell-side analysts anticipate that DuPont de Nemours will post 3.91 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DD. Norges Bank bought a new position in DuPont de Nemours during the 4th quarter valued at approximately $146,605,000. Marshall Wace LLP increased its holdings in shares of DuPont de Nemours by 228.8% in the 4th quarter. Marshall Wace LLP now owns 1,471,730 shares of the basic materials company’s stock worth $112,219,000 after purchasing an additional 1,024,075 shares in the last quarter. Prudential Financial Inc. increased its holdings in shares of DuPont de Nemours by 337.5% in the 4th quarter. Prudential Financial Inc. now owns 1,278,583 shares of the basic materials company’s stock worth $97,492,000 after purchasing an additional 986,366 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of DuPont de Nemours by 431.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,058,446 shares of the basic materials company’s stock worth $80,707,000 after purchasing an additional 859,333 shares in the last quarter. Finally, Schroder Investment Management Group increased its holdings in shares of DuPont de Nemours by 194.7% in the 4th quarter. Schroder Investment Management Group now owns 1,145,108 shares of the basic materials company’s stock worth $86,971,000 after purchasing an additional 756,604 shares in the last quarter. Institutional investors 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.