Royal Bank of Canada Issues Pessimistic Forecast for DuPont de Nemours (NYSE:DD) Stock Price

DuPont de Nemours (NYSE:DD) had its target price trimmed by Royal Bank of Canada from $104.00 to $101.00 in a research note published on Monday. The firm currently has an overweight rating on the basic materials company’s stock.

Several other brokerages have also recently issued reports on DD. BMO Capital Markets cut their price objective on DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, January 16th. Citigroup lowered their target price on DuPont de Nemours from $92.00 to $88.00 in a report on Monday. Barclays upped their target price on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. lowered their target price on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. Finally, Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price for the company in a report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $97.25.

DuPont de Nemours Trading Up 0.4 %

Shares of NYSE DD opened at $81.78 on Monday. The stock’s 50 day moving average price is $77.53 and its two-hundred day moving average price is $81.09. DuPont de Nemours has a 52-week low of $66.10 and a 52-week high of $90.06. The stock has a market capitalization of $34.18 billion, a P/E ratio of 43.04, a PEG ratio of 1.70 and a beta of 1.34. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, beating 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%. On average, analysts anticipate that DuPont de Nemours will post 3.91 earnings per share for the current fiscal year.

Hedge Funds Weigh In On DuPont de Nemours

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DD. Thoroughbred Financial Services LLC boosted its stake in DuPont de Nemours by 2.1% during the 4th quarter. Thoroughbred Financial Services LLC now owns 8,249 shares of the basic materials company’s stock valued at $628,000 after purchasing an additional 167 shares in the last quarter. ExodusPoint Capital Management LP boosted its stake in DuPont de Nemours by 58.2% during the 4th quarter. ExodusPoint Capital Management LP now owns 113,143 shares of the basic materials company’s stock valued at $8,627,000 after purchasing an additional 41,632 shares in the last quarter. World Investment Advisors bought a new position in DuPont de Nemours during the 4th quarter valued at $307,000. Nicolet Advisory Services LLC boosted its stake in DuPont de Nemours by 5.5% during the 4th quarter. Nicolet Advisory Services LLC now owns 3,980 shares of the basic materials company’s stock valued at $289,000 after purchasing an additional 208 shares in the last quarter. Finally, Biltmore Family Office LLC boosted its stake in DuPont de Nemours by 17.5% during the 4th quarter. Biltmore Family Office LLC now owns 5,620 shares of the basic materials company’s stock valued at $429,000 after purchasing an additional 839 shares in the last quarter. 73.96% of the stock is owned by institutional investors.

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.