DuPont de Nemours (NYSE:DD) PT Raised to $83.00 at Mizuho

DuPont de Nemours (NYSE:DD) had its price objective lifted by equities researchers at Mizuho from $76.00 to $83.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the basic materials company’s stock. Mizuho’s price target points to a potential upside of 6.00% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. TheStreet downgraded DuPont de Nemours from a “b-” rating to a “c” rating in a report on Tuesday, February 6th. JPMorgan Chase & Co. raised their price objective on shares of DuPont de Nemours from $76.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, March 22nd. Citigroup boosted their price objective on DuPont de Nemours from $73.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. Barclays decreased their price target on DuPont de Nemours from $74.00 to $70.00 and set an “equal weight” rating for the company in a report on Monday, February 12th. Finally, Royal Bank of Canada increased their price target on DuPont de Nemours from $75.00 to $83.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, DuPont de Nemours currently has a consensus rating of “Hold” and a consensus price target of $78.60.

DuPont de Nemours Stock Performance

NYSE:DD opened at $78.30 on Thursday. The company has a quick ratio of 1.73, a current ratio of 2.43 and a debt-to-equity ratio of 0.32. DuPont de Nemours has a twelve month low of $61.14 and a twelve month high of $79.19. The company has a fifty day moving average of $73.43 and a 200-day moving average of $72.02. The firm has a market capitalization of $32.73 billion, a P/E ratio of 84.19, a P/E/G ratio of 2.38 and a beta of 1.39.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. DuPont de Nemours had a net margin of 3.51% and a return on equity of 6.12%. The business had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.92 billion. During the same period last year, the company posted $0.89 earnings per share. The business’s quarterly revenue was down 6.6% on a year-over-year basis. As a group, sell-side analysts anticipate that DuPont de Nemours will post 3.49 EPS for the current year.

Insider Buying and Selling at DuPont de Nemours

In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $72.80, for a total value of $171,371.20. Following the completion of the sale, the insider now directly owns 15,587 shares of the company’s stock, valued at $1,134,733.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.56% of the company’s stock.

Hedge Funds Weigh In On DuPont de Nemours

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Peoples Bank KS bought a new stake in shares of DuPont de Nemours during the 3rd quarter valued at $25,000. Northwest Financial Advisors purchased a new stake in shares of DuPont de Nemours in the fourth quarter worth about $25,000. Palisade Asset Management LLC bought a new position in shares of DuPont de Nemours in the first quarter valued at approximately $25,000. LifeSteps Financial Inc. purchased a new position in DuPont de Nemours during the first quarter valued at approximately $28,000. Finally, Byrne Asset Management LLC bought a new stake in DuPont de Nemours during the 1st quarter worth approximately $33,000. 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.