Analysts Set DuPont de Nemours, Inc. (NYSE:DD) Price Target at $98.00

Shares of DuPont de Nemours, Inc. (NYSE:DD) have received an average rating of “Moderate Buy” from the twelve analysts that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $98.00.

A number of research firms have commented on DD. Wells Fargo & Company upped their price target on DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Barclays raised their price target on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. BMO Capital Markets reduced their price objective on shares of DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, January 16th. JPMorgan Chase & Co. decreased their price objective on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. Finally, Royal Bank of Canada lifted their target price on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th.

DuPont de Nemours Price Performance

DD stock opened at $75.76 on Monday. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. The firm’s 50-day moving average price is $77.72 and its two-hundred day moving average price is $81.09. The stock has a market capitalization of $31.66 billion, a price-to-earnings ratio of 39.87, a PEG ratio of 1.70 and a beta of 1.34. DuPont de Nemours has a 12-month low of $65.93 and a 12-month high of $90.06.

Institutional Trading of DuPont de Nemours

Hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp boosted its holdings in DuPont de Nemours by 2.4% in the third quarter. State Street Corp now owns 16,983,109 shares of the basic materials company’s stock worth $1,513,365,000 after acquiring an additional 399,728 shares in the last quarter. Geode Capital Management LLC raised its position in shares of DuPont de Nemours by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 9,952,115 shares of the basic materials company’s stock worth $883,821,000 after purchasing an additional 100,198 shares during the last quarter. Franklin Resources Inc. boosted its stake in DuPont de Nemours by 9.8% in the 3rd quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock worth $556,751,000 after purchasing an additional 570,703 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in DuPont de Nemours by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company’s stock valued at $218,730,000 after purchasing an additional 91,108 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its stake in DuPont de Nemours by 22.7% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,976,736 shares of the basic materials company’s stock valued at $176,147,000 after purchasing an additional 365,796 shares in the last quarter. Hedge funds and other 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.