DuPont de Nemours (NYSE:DD) Given New $105.00 Price Target at BMO Capital Markets

DuPont de Nemours (NYSE:DD) had its target price cut by equities researchers at BMO Capital Markets from $107.00 to $105.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the basic materials company’s stock. BMO Capital Markets’ price objective indicates a potential upside of 38.27% from the company’s current price.

A number of other equities research analysts have also recently commented on the stock. StockNews.com cut shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Monday. Morgan Stanley raised their price objective on 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. Royal Bank of Canada upped their target price on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Barclays raised their price target on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Finally, Wells Fargo & Company upped their price objective on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, DuPont de Nemours presently has a consensus rating of “Moderate Buy” and a consensus target price of $97.08.

DuPont de Nemours Stock Down 0.4 %

NYSE DD traded down $0.30 during midday trading on Thursday, hitting $75.94. 744,248 shares of the company traded hands, compared to its average volume of 2,316,231. DuPont de Nemours has a 52 week low of $61.14 and a 52 week high of $90.06. The company’s 50-day simple moving average is $79.86 and its 200-day simple moving average is $81.44. The company has a market cap of $31.74 billion, a PE ratio of 39.97, a price-to-earnings-growth ratio of 1.53 and a beta of 1.35. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.15. The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.20 billion. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.92 earnings per share. As a group, equities research analysts forecast that DuPont de Nemours will post 3.91 earnings per share for the current year.

Hedge Funds Weigh In On DuPont de Nemours

Several large investors have recently made changes to their positions in DD. American Century Companies Inc. boosted its stake in shares of DuPont de Nemours by 26.7% during the 2nd quarter. American Century Companies Inc. now owns 96,073 shares of the basic materials company’s stock worth $7,733,000 after acquiring an additional 20,266 shares in the last quarter. Wealth Alliance boosted its position in DuPont de Nemours by 2.5% during the second quarter. Wealth Alliance now owns 6,765 shares of the basic materials company’s stock worth $545,000 after purchasing an additional 166 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in DuPont de Nemours by 4.2% in the second quarter. Mercer Global Advisors Inc. ADV now owns 56,662 shares of the basic materials company’s stock valued at $4,553,000 after purchasing an additional 2,276 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in DuPont de Nemours by 19.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 51,255 shares of the basic materials company’s stock valued at $3,894,000 after purchasing an additional 8,400 shares during the period. Finally, Hsbc Holdings PLC increased its position in shares of DuPont de Nemours by 2.2% in the second quarter. Hsbc Holdings PLC now owns 835,601 shares of the basic materials company’s stock valued at $67,238,000 after buying an additional 17,970 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

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.