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

DuPont de Nemours (NYSE:DD) had its price target lowered by equities research analysts at BMO Capital Markets from $107.00 to $105.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the basic materials company’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 38.27% from the company’s current price.

DD has been the subject of several other reports. Morgan Stanley increased their target price on shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. StockNews.com cut shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Monday. JPMorgan Chase & Co. lowered their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Wednesday. Royal Bank of Canada increased their price target 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. Finally, Citigroup lowered their price objective 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. Two analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $97.08.

DuPont de Nemours Stock Performance

Shares of DuPont de Nemours stock traded down $0.30 on Thursday, hitting $75.94. 744,248 shares of the company’s stock were exchanged, compared to its average volume of 2,316,231. DuPont de Nemours has a 1 year low of $61.14 and a 1 year high of $90.06. The company has a 50-day simple moving average of $79.86 and a 200-day simple moving average of $81.44. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28. The stock has a market capitalization of $31.74 billion, a PE ratio of 39.97, a PEG ratio of 1.53 and a beta of 1.35.

DuPont de Nemours (NYSE:DD) last released its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, beating the consensus estimate 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%. DuPont de Nemours’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.92 earnings per share. As a group, equities analysts anticipate that DuPont de Nemours will post 3.91 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Strategic Investment Solutions Inc. IL purchased a new position in shares of DuPont de Nemours during the second quarter worth approximately $27,000. Ashton Thomas Securities LLC purchased a new position in DuPont de Nemours during the 3rd quarter worth $38,000. FSA Wealth Management LLC bought a new stake in DuPont de Nemours during the 3rd quarter valued at $39,000. Quarry LP purchased a new stake in shares of DuPont de Nemours in the 2nd quarter worth $37,000. Finally, True Wealth Design LLC grew its position in shares of DuPont de Nemours by 2,378.9% during the 3rd 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 in the last quarter. Hedge funds and other institutional investors 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.