Wolfe Research Upgrades DuPont de Nemours (NYSE:DD) to “Outperform”

DuPont de Nemours (NYSE:DD) was upgraded by investment analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating in a research report issued on Friday, MarketBeat Ratings reports. The firm presently has a $91.00 price target on the basic materials company’s stock. Wolfe Research’s target price indicates a potential upside of 17.42% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Royal Bank of Canada increased their target price on DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. lowered their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Wednesday. Barclays upped their price target on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Citigroup lowered their price target on DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating on the stock in a report on Wednesday, December 18th. Finally, Morgan Stanley upped their price target on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $98.00.

DuPont de Nemours Price Performance

Shares of DD stock opened at $77.50 on Friday. The stock has a market cap of $32.39 billion, a price-to-earnings ratio of 40.79, a PEG ratio of 1.53 and a beta of 1.35. The business’s fifty day moving average is $79.53 and its 200 day moving average is $81.41. DuPont de Nemours has a twelve month low of $61.14 and a twelve month high of $90.06. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29.

DuPont de Nemours (NYSE:DD) last released its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The firm had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same period in the prior year, the firm posted $0.92 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. Research analysts expect that DuPont de Nemours will post 3.91 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Strategic Investment Solutions Inc. IL bought a new position in shares of DuPont de Nemours in the second quarter worth about $27,000. Ashton Thomas Securities LLC bought a new position in shares of DuPont de Nemours in the third quarter worth about $38,000. FSA Wealth Management LLC bought a new position in shares of DuPont de Nemours in the third quarter worth about $39,000. Quarry LP bought a new position in shares of DuPont de Nemours in the second quarter worth about $37,000. Finally, True Wealth Design LLC raised its stake in shares of DuPont de Nemours by 2,378.9% in the third quarter. True Wealth Design LLC now owns 471 shares of the basic materials company’s stock worth $42,000 after buying an additional 452 shares during the period. Institutional investors own 73.96% of the company’s stock.

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.