DuPont Co. (DD) Coverage Initiated by Analysts at Nomura
Stock analysts at Nomura began coverage on shares of DuPont Co. (NYSE:DD) in a report issued on Tuesday. The firm set a “buy” rating and a $78.00 price target on the stock. Nomura’s price objective indicates a potential upside of 12.23% from the stock’s previous close.
Other equities research analysts have also issued reports about the stock. Macquarie set a $71.00 target price on shares of DuPont and gave the stock a “neutral” rating in a research report on Thursday, July 21st. Vetr lowered shares of DuPont from a “sell” rating to a “strong sell” rating and set a $61.16 target price on the stock. in a research report on Monday, July 25th. JPMorgan Chase & Co. lowered shares of DuPont from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $73.00 to $64.00 in a research report on Tuesday, June 28th. Zacks Investment Research lowered shares of DuPont from a “buy” rating to a “hold” rating in a research report on Tuesday, September 27th. Finally, Barclays PLC boosted their target price on shares of DuPont from $67.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 27th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. DuPont has an average rating of “Hold” and a consensus price target of $70.65.
DuPont (NYSE:DD) traded up 0.06% during trading on Tuesday, reaching $69.54. 1,378,649 shares of the company’s stock were exchanged. DuPont has a 52 week low of $50.71 and a 52 week high of $75.72. The stock has a 50-day moving average price of $68.15 and a 200 day moving average price of $66.97. The firm has a market capitalization of $60.80 billion, a price-to-earnings ratio of 27.66 and a beta of 1.78.
DuPont (NYSE:DD) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.14. DuPont had a net margin of 9.01% and a return on equity of 24.59%. The firm had revenue of $7.10 billion for the quarter, compared to analyst estimates of $7.01 billion. During the same period last year, the firm posted $1.18 EPS. DuPont’s quarterly revenue was down .8% on a year-over-year basis. Equities research analysts forecast that DuPont will post $3.19 earnings per share for the current fiscal year.
In other DuPont news, EVP Christopher Marc Doyle sold 5,422 shares of the company’s stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $69.53, for a total value of $376,991.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider James C. Jr. Collins sold 50,316 shares of the company’s stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $70.30, for a total value of $3,537,214.80. The disclosure for this sale can be found here. Corporate insiders own 0.31% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Tarbox Group Inc. boosted its position in DuPont by 0.3% in the second quarter. Tarbox Group Inc. now owns 3,645 shares of the company’s stock worth $236,000 after buying an additional 10 shares in the last quarter. Ronald Blue & Co. LLC boosted its position in DuPont by 0.6% in the third quarter. Ronald Blue & Co. LLC now owns 4,117 shares of the company’s stock worth $276,000 after buying an additional 24 shares in the last quarter. Union Bankshares Corp boosted its position in DuPont by 0.7% in the second quarter. Union Bankshares Corp now owns 4,497 shares of the company’s stock worth $291,000 after buying an additional 32 shares in the last quarter. Lourd Capital LLC boosted its position in DuPont by 0.8% in the second quarter. Lourd Capital LLC now owns 4,184 shares of the company’s stock worth $271,000 after buying an additional 33 shares in the last quarter. Finally, Woodstock Corp boosted its position in DuPont by 1.0% in the third quarter. Woodstock Corp now owns 5,162 shares of the company’s stock worth $346,000 after buying an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 70.30% of the company’s stock.
DuPont Company Profile
E. I. du Pont de Nemours and Company (DuPont) is a science and technology-based company. The Company consists of over 10 businesses aggregated into six segments: Agriculture, Electronics & Communications, Industrial Biosciences, Nutrition & Health, Performance Materials and Safety & Protection. Its products include corn hybrids and soybean varieties, herbicides, fungicides and insecticides in Agriculture segment; photopolymers and electronic materials in Electronics & Communications segment; enzymes and bio-based materials in Industrial Biosciences segment; cultures, emulsifiers, texturants, natural sweeteners and soy-based food ingredients in Nutrition & Health segment; engineering polymers, packaging and industrial polymers, films and elastomers in Performance Materials segment, and nonwovens, aramids and solid surfaces in Safety & Protection segment.
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