JPMorgan Chase & Co. Issues Pessimistic Forecast for DuPont de Nemours (NYSE:DD) Stock Price

DuPont de Nemours (NYSE:DD) had its target price dropped by JPMorgan Chase & Co. from $104.00 to $101.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the basic materials company’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 34.11% from the company’s current price.

A number of other equities analysts have also recently issued reports on the company. Wells Fargo & Company boosted their price objective on DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Barclays increased their price target on shares of 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 boosted 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. Morgan Stanley boosted their price objective on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Finally, StockNews.com lowered shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Monday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, DuPont de Nemours presently has an average rating of “Moderate Buy” and a consensus price target of $96.33.

DuPont de Nemours Stock Performance

Shares of NYSE DD opened at $75.31 on Wednesday. The firm’s fifty day moving average is $80.02 and its two-hundred day moving average is $81.47. DuPont de Nemours has a 52-week low of $61.14 and a 52-week high of $90.06. The company has a market cap of $31.48 billion, a P/E ratio of 39.64, a P/E/G ratio of 1.95 and a beta of 1.35. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28.

DuPont de Nemours (NYSE:DD) last posted its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the prior year, the company earned $0.92 EPS. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, analysts anticipate that DuPont de Nemours will post 3.89 EPS for the current fiscal year.

Hedge Funds Weigh In On DuPont de Nemours

A number of large investors have recently added to or reduced their stakes in DD. American Century Companies Inc. raised 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 purchasing an additional 20,266 shares during the last quarter. Rathbones Group PLC raised its holdings in shares of 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 valued at $428,000 after acquiring an additional 151 shares during the last quarter. Mesirow Financial Investment Management Inc. lifted its position in shares of DuPont de Nemours by 6.0% in the second quarter. Mesirow Financial Investment Management Inc. now owns 7,842 shares of the basic materials company’s stock valued at $631,000 after acquiring an additional 446 shares in the last quarter. Citizens Financial Group Inc. RI boosted its stake in shares of DuPont de Nemours by 47.3% in the second quarter. Citizens Financial Group Inc. RI now owns 11,219 shares of the basic materials company’s stock worth $903,000 after acquiring an additional 3,605 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of DuPont de Nemours during the second quarter worth approximately $2,119,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

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.