DuPont de Nemours (NYSE:DD) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

DuPont de Nemours (NYSE:DD) had its target price hoisted by analysts at Royal Bank Of Canada from $160.00 to $173.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the basic materials company’s stock. Royal Bank Of Canada‘s price target would suggest a potential upside of 18.29% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on DD. The Goldman Sachs Group lowered their target price on shares of DuPont de Nemours from $159.00 to $153.00 and set a “neutral” rating on the stock in a report on Wednesday, September 30th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DuPont de Nemours in a report on Friday, October 30th. Barclays lifted their price target on DuPont de Nemours from $156.00 to $176.00 and gave the company an “overweight” rating in a research report on Wednesday. Zacks Research lowered DuPont de Nemours from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 17th. Finally, JPMorgan Chase & Co. cut DuPont de Nemours from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $172.00 to $145.00 in a report on Friday, October 9th. Twelve research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $165.88.

DuPont de Nemours Stock Performance

DuPont de Nemours stock traded up $1.32 during trading on Thursday, hitting $146.25. The stock had a trading volume of 975,691 shares, compared to its average volume of 856,064. DuPont de Nemours has a 1 year low of $111.15 and a 1 year high of $157.98. The company has a quick ratio of 1.82, a current ratio of 2.43 and a debt-to-equity ratio of 0.23. The stock’s 50 day moving average is $133.21 and its two-hundred day moving average is $138.80. The stock has a market cap of $19.75 billion, a price-to-earnings ratio of 65.58, a price-to-earnings-growth ratio of 1.31 and a beta of 1.06.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Tuesday, November 3rd. The basic materials company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.22. DuPont de Nemours had a return on equity of 6.92% and a net margin of 0.67%. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the previous year, the company posted $1.09 earnings per share. The business’s revenue was up 4.1% on a year-over-year basis. As a group, analysts predict that DuPont de Nemours will post 7.51 EPS for the current year.

Institutional Investors Weigh In On DuPont de Nemours

Several hedge funds have recently added to or reduced their stakes in the company. State Street Corp increased its position in shares of DuPont de Nemours by 140.3% during the 2nd quarter. State Street Corp now owns 44,941,824 shares of the basic materials company’s stock valued at $6,095,909,000 after purchasing an additional 26,238,300 shares during the last quarter. KBC Group NV lifted its position in DuPont de Nemours by 435.8% in the 1st quarter. KBC Group NV now owns 1,687,376 shares of the basic materials company’s stock worth $77,281,000 after buying an additional 1,372,435 shares during the last quarter. TD Waterhouse Canada Inc. lifted its position in DuPont de Nemours by 7,762.1% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 949,117 shares of the basic materials company’s stock worth $123,281,000 after buying an additional 937,045 shares during the last quarter. Bank of America Corp DE lifted its position in DuPont de Nemours by 22.0% in the 1st quarter. Bank of America Corp DE now owns 4,629,671 shares of the basic materials company’s stock worth $212,039,000 after buying an additional 835,572 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in DuPont de Nemours in the first quarter worth approximately $34,727,000. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours News Roundup

Here are the key news stories impacting DuPont de Nemours this week:

• Positive Sentiment: Several analysts raised their valuation targets while maintaining bullish ratings. UBS lifted its target to $182 from $172 and kept a Buy rating; RBC raised its target to $173 from $160 with an Outperform rating; and Wells Fargo increased its target to $170 from $166 while maintaining Overweight. UBS target and rating RBC target and rating Wells Fargo target
• Positive Sentiment: Additional coverage included a new Buy rating and a higher price target from Citigroup, reinforcing the generally constructive analyst view. New Buy rating Citigroup target increase
• Positive Sentiment: Barclays reiterated its Buy rating. The analyst support follows DuPont’s recent quarterly earnings beat: EPS of $2.09 topped the $1.87 consensus, while revenue also exceeded expectations. Shares were reported to have gapped up after the results. Barclays rating Shares gap up after earnings

DuPont de Nemours Company Profile

DuPont de Nemours, Inc is a diversified science and technology company that develops engineered materials and specialty products for industrial and consumer markets. Its offerings are used in applications including electronics, semiconductor manufacturing, water purification, transportation, construction, healthcare, and worker and consumer protection.

The company’s product portfolio has historically included high-performance films, resins, adhesives, engineered polymers, specialty fibers, protective materials, water-treatment membranes, and filtration technologies.