Royal Bank of Canada Boosts DuPont de Nemours (NYSE:DD) Price Target to $104.00

DuPont de Nemours (NYSE:DD) had its target price raised by analysts at Royal Bank of Canada from $102.00 to $104.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the basic materials company’s stock. Royal Bank of Canada’s price target points to a potential upside of 21.35% from the stock’s previous close.

Several other equities research analysts have also issued reports on the company. Citigroup decreased their target price on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a research report on Friday, July 12th. Barclays raised their price objective on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft boosted their target price on shares of DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Morgan Stanley increased their target price on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Finally, Wells Fargo & Company lifted their price target on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, DuPont de Nemours presently has an average rating of “Moderate Buy” and an average target price of $95.42.

DuPont de Nemours Stock Up 1.6 %

DuPont de Nemours stock traded up $1.37 during mid-day trading on Thursday, reaching $85.70. The stock had a trading volume of 555,069 shares, compared to its average volume of 2,493,956. The firm has a market capitalization of $35.79 billion, a PE ratio of 56.46, a price-to-earnings-growth ratio of 2.16 and a beta of 1.35. DuPont de Nemours has a fifty-two week low of $61.14 and a fifty-two week high of $90.06. The stock’s 50-day simple moving average is $84.25 and its 200-day simple moving average is $81.12. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 2.21.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.15. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The business had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the previous year, the business earned $0.92 EPS. The company’s quarterly revenue was up 4.4% on a year-over-year basis. On average, sell-side analysts forecast that DuPont de Nemours will post 3.76 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 the business. Swiss National Bank lifted its holdings in DuPont de Nemours by 0.3% in the 3rd quarter. Swiss National Bank now owns 1,240,973 shares of the basic materials company’s stock worth $110,583,000 after buying an additional 3,200 shares during the period. Thrivent Financial for Lutherans increased its position in DuPont de Nemours by 128.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 60,872 shares of the basic materials company’s stock valued at $5,423,000 after purchasing an additional 34,182 shares during the period. Claro Advisors LLC raised its holdings in DuPont de Nemours by 42.8% in the 3rd quarter. Claro Advisors LLC now owns 6,704 shares of the basic materials company’s stock worth $597,000 after purchasing an additional 2,010 shares in the last quarter. Natixis Advisors LLC raised its holdings in DuPont de Nemours by 1.7% in the 3rd quarter. Natixis Advisors LLC now owns 257,654 shares of the basic materials company’s stock worth $22,959,000 after purchasing an additional 4,407 shares in the last quarter. Finally, KCM Investment Advisors LLC purchased a new stake in shares of DuPont de Nemours in the 3rd quarter worth about $208,000. Hedge funds and other 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.