Royal Bank of Canada Raises DuPont de Nemours (NYSE:DD) Price Target to $104.00

DuPont de Nemours (NYSE:DD) had its target price raised by equities researchers at Royal Bank of Canada from $102.00 to $104.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the basic materials company’s stock. Royal Bank of Canada’s price objective points to a potential upside of 23.60% from the stock’s current price.

Other research analysts have also recently issued reports about the company. Citigroup decreased their target price on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a research note on Friday, July 12th. Wells Fargo & Company increased their target price on DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research note on Wednesday. Barclays lifted their price target on shares of DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research note on Wednesday. Morgan Stanley increased their price objective on shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective 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. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $95.42.

DuPont de Nemours Price Performance

Shares of DD opened at $84.14 on Thursday. The stock has a market cap of $35.14 billion, a P/E ratio of 55.36, a price-to-earnings-growth ratio of 2.16 and a beta of 1.35. DuPont de Nemours has a 1 year low of $61.14 and a 1 year high of $90.06. The stock’s 50-day moving average price is $84.31 and its two-hundred day moving average price is $81.23. The company has a current ratio of 2.21, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in DD. ESL Trust Services LLC bought a new position in shares of DuPont de Nemours in the first quarter valued at about $26,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of DuPont de Nemours in the second quarter valued at about $27,000. Denver PWM LLC acquired a new position in shares of DuPont de Nemours in the second quarter valued at about $28,000. Fortitude Family Office LLC increased its position in DuPont de Nemours by 46.6% during the second quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 131 shares during the period. Finally, Quarry LP acquired a new stake in DuPont de Nemours in the 2nd quarter worth about $37,000. Institutional investors and hedge funds 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.