UBS Group Forecasts Strong Price Appreciation for DuPont de Nemours (NYSE:DD) Stock

DuPont de Nemours (NYSE:DD) had its target price boosted by analysts at UBS Group from $102.00 to $103.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the basic materials company’s stock. UBS Group’s price target would indicate a potential upside of 26.17% from the stock’s current price.

Several other equities research analysts have also recently weighed in on DD. Wolfe Research upgraded shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price for the company in a research note on Friday, January 17th. BMO Capital Markets increased their price target on DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. cut their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. Royal Bank of Canada cut 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 report on Monday, February 10th. Finally, Wells Fargo & Company lowered their target price on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $99.17.

DuPont de Nemours Stock Performance

DD stock traded down $0.18 during midday trading on Tuesday, reaching $81.64. The company had a trading volume of 293,554 shares, compared to its average volume of 2,473,604. The firm has a market capitalization of $34.13 billion, a PE ratio of 48.89, a P/E/G ratio of 2.15 and a beta of 1.34. DuPont de Nemours has a fifty-two week low of $68.21 and a fifty-two week high of $90.06. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. The stock has a 50 day moving average price of $77.72 and a 200 day moving average price of $81.27.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, topping the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. Analysts anticipate that DuPont de Nemours will post 4.38 earnings per share for the current year.

Institutional Investors Weigh In On DuPont de Nemours

Hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its position in DuPont de Nemours by 2.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 20,126 shares of the basic materials company’s stock valued at $1,793,000 after buying an additional 540 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of DuPont de Nemours by 4,211.4% during the 3rd quarter. International Assets Investment Management LLC now owns 250,964 shares of the basic materials company’s stock valued at $22,363,000 after buying an additional 245,143 shares in the last quarter. Allworth Financial LP grew its position in shares of DuPont de Nemours by 2.8% in the third quarter. Allworth Financial LP now owns 10,193 shares of the basic materials company’s stock valued at $908,000 after purchasing an additional 282 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of DuPont de Nemours by 31.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,456 shares of the basic materials company’s stock worth $2,369,000 after buying an additional 6,353 shares in the last quarter. Finally, Forsta AP Fonden lifted its stake in DuPont de Nemours by 11.5% in the 3rd quarter. Forsta AP Fonden now owns 82,300 shares of the basic materials company’s stock worth $7,334,000 after purchasing an additional 8,500 shares in the last quarter. Institutional investors and hedge funds 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.