DuPont de Nemours (NYSE:DD) Upgraded by StockNews.com to Buy Rating

StockNews.com upgraded shares of DuPont de Nemours (NYSE:DD) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning.

A number of other research firms have also recently commented on DD. Morgan Stanley boosted their price target on shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Citigroup reduced their target price on DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating on the stock in a research note on Wednesday, December 18th. Royal Bank of Canada lifted their price target on DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Wells Fargo & Company increased their price objective on DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Finally, Barclays boosted their target price on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, DuPont de Nemours has an average rating of “Moderate Buy” and an average target price of $98.00.

DuPont de Nemours Trading Up 0.7 %

DuPont de Nemours stock opened at $78.17 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28. DuPont de Nemours has a fifty-two week low of $61.14 and a fifty-two week high of $90.06. The stock has a market cap of $32.67 billion, a P/E ratio of 41.14, a PEG ratio of 1.71 and a beta of 1.35. The firm’s fifty day moving average price is $79.11 and its 200-day moving average price is $81.36.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same period in the prior year, the company earned $0.92 EPS. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. Equities research analysts forecast that DuPont de Nemours will post 3.91 earnings per share for the current fiscal year.

Institutional Trading of DuPont de Nemours

A number of institutional investors have recently made changes to their positions in DD. Strategic Investment Solutions Inc. IL purchased a new position in DuPont de Nemours during the 2nd quarter valued at about $27,000. Ashton Thomas Securities LLC bought a new stake in shares of DuPont de Nemours in the 3rd quarter worth approximately $38,000. FSA Wealth Management LLC purchased a new position in shares of DuPont de Nemours during the third quarter valued at approximately $39,000. Quarry LP bought a new position in shares of DuPont de Nemours during the second quarter valued at approximately $37,000. Finally, True Wealth Design LLC raised its holdings in shares of DuPont de Nemours by 2,378.9% during the third quarter. True Wealth Design LLC now owns 471 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 452 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

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.