DuPont de Nemours (NYSE:DD) PT Raised to $88.00 at JPMorgan Chase & Co.

DuPont de Nemours (NYSE:DD) had its price target raised by analysts at JPMorgan Chase & Co. from $85.00 to $88.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the basic materials company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 13.77% from the stock’s current price.

DD has been the topic of a number of other reports. Wolfe Research assumed coverage on DuPont de Nemours in a research note on Friday, March 1st. They issued a “peer perform” rating on the stock. Bank of America cut DuPont de Nemours from a “buy” rating to an “underperform” rating and raised their price objective for the company from $78.00 to $80.00 in a research note on Tuesday, January 16th. Barclays upped their target price on DuPont de Nemours from $70.00 to $81.00 and gave the stock an “equal weight” rating in a research report on Thursday. Royal Bank of Canada lifted their price target on shares of DuPont de Nemours from $75.00 to $83.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Finally, Mizuho upped their price objective on shares of DuPont de Nemours from $76.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $80.00.

DuPont de Nemours Stock Down 1.2 %

DD stock traded down $0.96 during mid-day trading on Thursday, reaching $77.35. The company had a trading volume of 1,050,651 shares, compared to its average volume of 3,019,815. The company has a market capitalization of $32.34 billion, a price-to-earnings ratio of 83.30, a PEG ratio of 2.38 and a beta of 1.39. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.43 and a quick ratio of 1.73. The stock has a 50 day simple moving average of $73.62 and a two-hundred day simple moving average of $72.07. DuPont de Nemours has a 52 week low of $61.14 and a 52 week high of $79.19.

DuPont de Nemours (NYSE:DD) last posted its earnings results on Wednesday, May 1st. The basic materials company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.65 by $0.14. DuPont de Nemours had a return on equity of 6.12% and a net margin of 3.51%. The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter in the prior year, the business earned $0.84 earnings per share. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. As a group, equities analysts predict that DuPont de Nemours will post 3.49 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total value of $171,371.20. Following the transaction, the insider now owns 15,587 shares in the company, valued at $1,134,733.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On DuPont de Nemours

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DD. Vanguard Group Inc. grew its position in shares of DuPont de Nemours by 7.1% in the 4th quarter. Vanguard Group Inc. now owns 48,045,648 shares of the basic materials company’s stock worth $3,696,152,000 after buying an additional 3,168,740 shares during the period. Invesco Ltd. boosted its holdings in shares of DuPont de Nemours by 6.7% during the 3rd quarter. Invesco Ltd. now owns 10,119,827 shares of the basic materials company’s stock valued at $754,838,000 after acquiring an additional 639,246 shares during the last quarter. Northern Trust Corp grew its stake in shares of DuPont de Nemours by 2.0% in the third quarter. Northern Trust Corp now owns 5,245,939 shares of the basic materials company’s stock worth $391,295,000 after acquiring an additional 104,141 shares during the period. Putnam Investments LLC raised its stake in DuPont de Nemours by 3.2% during the 4th quarter. Putnam Investments LLC now owns 5,196,730 shares of the basic materials company’s stock valued at $399,784,000 after buying an additional 159,438 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in DuPont de Nemours by 4.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,602,213 shares of the basic materials company’s stock valued at $200,192,000 after acquiring an additional 101,203 shares during the period. 73.96% of the stock is owned by hedge funds and other institutional investors.

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.