DuPont de Nemours, Inc. (NYSE:DD) Receives $95.00 Average Price Target from Brokerages

DuPont de Nemours, Inc. (NYSE:DD) has earned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $94.91.

DD has been the topic of several analyst reports. Royal Bank of Canada increased their price target on shares of DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Citigroup cut their target price on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. Barclays lowered shares of DuPont de Nemours from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $88.00 to $84.00 in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, August 1st.

DuPont de Nemours Stock Performance

Shares of NYSE:DD opened at $85.94 on Tuesday. The company’s 50 day moving average price is $82.16 and its two-hundred day moving average price is $79.68. DuPont de Nemours has a 12-month low of $61.14 and a 12-month high of $90.06. The firm has a market cap of $35.93 billion, a PE ratio of 104.80, a PEG ratio of 2.23 and a beta of 1.34. The company has a quick ratio of 1.44, a current ratio of 2.21 and a debt-to-equity ratio of 0.30.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.12. The business had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.05 billion. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the business posted $0.85 EPS. Equities research analysts predict that DuPont de Nemours will post 3.74 earnings per share for the current year.

Hedge Funds Weigh In On DuPont de Nemours

Hedge funds have recently bought and sold shares of the company. Fortitude Family Office LLC increased its stake in DuPont de Nemours by 46.6% in the second quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 131 shares in the last quarter. Crestwood Advisors Group LLC increased its stake in DuPont de Nemours by 3.3% in the second quarter. Crestwood Advisors Group LLC now owns 4,120 shares of the basic materials company’s stock valued at $332,000 after purchasing an additional 132 shares in the last quarter. Triangle Securities Wealth Management grew its holdings in shares of DuPont de Nemours by 0.7% during the first quarter. Triangle Securities Wealth Management now owns 18,995 shares of the basic materials company’s stock valued at $1,456,000 after buying an additional 134 shares during the last quarter. Moody National Bank Trust Division grew its holdings in shares of DuPont de Nemours by 0.6% during the second quarter. Moody National Bank Trust Division now owns 21,510 shares of the basic materials company’s stock valued at $1,731,000 after buying an additional 134 shares during the last quarter. Finally, Aaron Wealth Advisors LLC grew its holdings in shares of DuPont de Nemours by 3.7% during the second quarter. Aaron Wealth Advisors LLC now owns 3,875 shares of the basic materials company’s stock valued at $312,000 after buying an additional 137 shares during 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.