DuPont de Nemours (NYSE:DD) Upgraded at StockNews.com

DuPont de Nemours (NYSE:DD) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Thursday.

Several other research analysts have also issued reports on DD. JPMorgan Chase & Co. dropped their target price on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. Barclays upgraded DuPont de Nemours from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $85.00 to $89.00 in a report on Thursday, February 13th. Royal Bank of Canada reduced their target price on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. BMO Capital Markets boosted their target price on shares of DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Finally, Wolfe Research upgraded shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target on the stock in a report on Friday, January 17th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $98.75.

DuPont de Nemours Stock Down 1.4 %

Shares of DD opened at $81.67 on Thursday. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. The business has a fifty day moving average of $77.68 and a 200 day moving average of $81.20. The company has a market cap of $34.14 billion, a PE ratio of 48.90, a P/E/G ratio of 2.14 and a beta of 1.34. DuPont de Nemours has a 52-week low of $68.21 and a 52-week high of $90.06.

DuPont de Nemours (NYSE:DD) last released its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. On average, sell-side analysts expect that DuPont de Nemours will post 4.38 EPS for the current year.

Institutional Investors Weigh In On DuPont de Nemours

Several hedge funds have recently modified their holdings of the business. Hager Investment Management Services LLC purchased a new stake in shares of DuPont de Nemours during the 4th quarter worth $26,000. Aster Capital Management DIFC Ltd raised its holdings in DuPont de Nemours by 479.4% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 302 shares in the last quarter. Vermillion Wealth Management Inc. purchased a new stake in shares of DuPont de Nemours during the fourth quarter valued at about $28,000. Byrne Asset Management LLC bought a new stake in shares of DuPont de Nemours in the 4th quarter valued at about $29,000. Finally, Vision Financial Markets LLC purchased a new position in shares of DuPont de Nemours in the 4th quarter worth approximately $31,000. Hedge funds and other 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.