DuPont de Nemours (NYSE:DD) Downgraded by StockNews.com to Hold

DuPont de Nemours (NYSE:DD) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.

DD has been the topic of a number of other reports. Barclays boosted their price objective on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Royal Bank of Canada raised their target price on DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. 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 research report on Wednesday, December 18th. Wells Fargo & Company increased their price target on DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Finally, Morgan Stanley boosted their price objective on DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $95.25.

DuPont de Nemours Price Performance

Shares of DD traded up $1.72 during midday trading on Monday, reaching $74.42. The stock had a trading volume of 2,302,256 shares, compared to its average volume of 2,511,051. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49. The company has a market capitalization of $31.10 billion, a P/E ratio of 39.17, a P/E/G ratio of 1.95 and a beta of 1.34. The firm’s 50 day moving average price is $80.23 and its 200-day moving average price is $81.51. DuPont de Nemours has a 52 week low of $61.14 and a 52 week high of $90.06.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $3.20 billion. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. DuPont de Nemours’s revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.92 EPS. On average, analysts forecast that DuPont de Nemours will post 3.89 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of DD. Acadian Asset Management LLC increased its holdings in shares of DuPont de Nemours by 1,285.4% during the second quarter. Acadian Asset Management LLC now owns 12,372 shares of the basic materials company’s stock worth $993,000 after purchasing an additional 11,479 shares during the period. American Century Companies Inc. boosted its position 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. Oppenheimer & Co. Inc. increased its stake in DuPont de Nemours by 74.6% in the second quarter. Oppenheimer & Co. Inc. now owns 26,070 shares of the basic materials company’s stock valued at $2,098,000 after acquiring an additional 11,137 shares during the last quarter. Thoroughbred Financial Services LLC acquired a new position in DuPont de Nemours during the second quarter valued at approximately $621,000. Finally, Rathbones Group PLC raised its stake in DuPont de Nemours by 2.9% during the second quarter. Rathbones Group PLC now owns 5,316 shares of the basic materials company’s stock worth $428,000 after acquiring an additional 151 shares in the last quarter. 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.