Wells Fargo & Company Raises DuPont de Nemours (NYSE:DD) Price Target to $107.00

DuPont de Nemours (NYSE:DD) had its target price hoisted by Wells Fargo & Company from $105.00 to $107.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the basic materials company’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 25.09% from the company’s previous close.

Other research analysts also recently issued reports about the stock. Morgan Stanley upped their target price on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Barclays lifted their price target on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research report on Wednesday. Royal Bank of Canada upped their price objective on shares of DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Citigroup dropped their price target on 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. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $95.25.

DuPont de Nemours Price Performance

DD traded down $0.13 during midday trading on Wednesday, hitting $85.54. The company had a trading volume of 851,494 shares, compared to its average volume of 2,489,708. DuPont de Nemours has a twelve month low of $61.14 and a twelve month high of $90.06. The company has a market capitalization of $35.73 billion, a PE ratio of 56.55, a P/E/G ratio of 2.18 and a beta of 1.35. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 2.21. The firm’s 50-day simple moving average is $84.15 and its 200-day simple moving average is $81.01.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.15. The firm had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.20 billion. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. DuPont de Nemours’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.92 EPS. Equities research analysts predict that DuPont de Nemours will post 3.76 EPS for the current fiscal year.

Hedge Funds Weigh In On DuPont de Nemours

A number of institutional investors have recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its position in DuPont de Nemours by 0.7% during the second quarter. Legal & General Group Plc now owns 3,863,144 shares of the basic materials company’s stock worth $310,945,000 after purchasing an additional 25,857 shares during the period. Mondrian Investment Partners LTD lifted its position in DuPont de Nemours by 9.5% during the first quarter. Mondrian Investment Partners LTD now owns 1,799,860 shares of the basic materials company’s stock worth $137,995,000 after acquiring an additional 156,339 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of DuPont de Nemours by 34.0% during the first quarter. Canada Pension Plan Investment Board now owns 1,542,045 shares of the basic materials company’s stock worth $118,229,000 after acquiring an additional 391,400 shares during the period. Jacobs Levy Equity Management Inc. grew its position in shares of DuPont de Nemours by 403.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,421,685 shares of the basic materials company’s stock valued at $109,001,000 after purchasing an additional 1,139,156 shares during the last quarter. Finally, Ceredex Value Advisors LLC increased its stake in shares of DuPont de Nemours by 3.9% during the third quarter. Ceredex Value Advisors LLC now owns 1,210,472 shares of the basic materials company’s stock worth $107,865,000 after purchasing an additional 45,308 shares during the period. 73.96% of the stock is currently owned by institutional investors and hedge funds.

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.